Whitehorse Finance, Inc. Declares Distribution for Quarter Ending March 31, 2023, Payable on July 5, 2023
May 09, 2023 at 07:30 am EDT
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WhiteHorse Finance, Inc. has declared a distribution of $0.37 per share with respect to the quarter ending March 31, 2023. The distribution will be payable on July 5, 2023 to stockholders of record as of June 21, 2023. Going forward, in addition to a quarterly base distribution of $0.37 per share, the Company's board of directors expects to also declare, when applicable, a formula-based quarterly variable supplemental dividend in an amount to be determined each quarter.
WhiteHorse Finance, Inc. is an externally managed, non-diversified, closed-end management investment company. The Company's investment objective is to generate attractive risk-adjusted returns primarily by originating and investing in senior secured loans, including first lien and second lien facilities, to performing lower middle market companies across a broad range of industries. The Company is focused principally on originating senior secured loans to lower middle market companies. It also makes opportunistic investments at other levels of a companyâs capital structure, including mezzanine loans or equity interests, and in companies outside the United States based lower middle market. The Companyâs investment advisor is H.I.G. WhiteHorse Advisers, LLC.