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Stock impact report

WhiteHorse Finance outlines $0.25 base dividend and $15M share buyback amid spread compression and portfolio markdowns [Seeking Alpha]

WhiteHorse Finance, Inc. (WHF) 
Last whitehorse finance, inc. earnings: 11/7 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: whitehorsefinance.com
Company Research Source: Seeking Alpha
CEO Stuart Aronson reported disappointing third quarter results, attributing them to "the onset of interest rate cuts, continued pressure on market spreads as well as the impact of material markdowns on some credits Quick Insights The new $0.25 dividend is set at a sustainable level given expected earnings and potential further interest rate declines, and represents an 8.8% implied yield based on current NAV, down from the prior $0.385 per share. WhiteHorse Finance is reducing the incentive fee from 20% to 17.5% for two quarters and launching a $15 million share buyback program to take advantage of the stock's discount to NAV. Key risks include interest rate cuts, pressure on market spreads, portfolio markdowns (notably Alvaria and Camarillo Fitness), prolonged nonaccrual assets, aggressive lending competition, and uncertain timeline for NAV recovery. More Trending News Show less Read more
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