WhiteHorse Finance, Inc. 7.875% Notes due 2028 (NASDAQ:WHFCL) to Issue $0.49 Quarterly Dividend

WhiteHorse Finance, Inc. 7.875% Notes due 2028 (NASDAQ:WHFCL) declared a quarterly dividend on Friday, January 1st. Investors of record on Sunday, March 1st will be paid a dividend of 0.4922 per share on Monday, March 16th. This represents a c) dividend on an annualized basis and a yield of 7.7%. The ex-dividend date of this dividend is Friday, February 27th.

WhiteHorse Finance, Inc. 7.875% Notes due 2028 Stock Performance

WHFCL stock remained flat at $25.46 during midday trading on Wednesday. The company’s stock had a trading volume of 862 shares, compared to its average volume of 4,102. The firm has a 50-day moving average price of $25.33 and a two-hundred day moving average price of $25.28. WhiteHorse Finance, Inc. 7.875% Notes due 2028 has a 12 month low of $25.00 and a 12 month high of $25.64.

WhiteHorse Finance, Inc 7.875% Notes due 2028 (NASDAQ: WHFCL) are senior unsecured obligations of WhiteHorse Finance, Inc, an externally managed business development company (BDC). These notes carry a fixed interest rate of 7.875% per annum and mature in 2028. They were issued to provide the company with long-term capital to support its lending activities and general corporate purposes, ranking equally with all other unsecured and unsubordinated debt of the issuer.

WhiteHorse Finance, Inc operates as a closed-end BDC, investing primarily in first-lien secured loans, unitranche and second-lien debt instruments, as well as select equity co-investments in U.S.