WhiteHorse Finance, Inc. Announces Special Distribution

Rhea-AI Summary

WhiteHorse Finance, Inc. (Nasdaq: WHF) declared a special distribution of $0.125 per share, set for payment on December 10, 2020, to stockholders on record by October 30, 2020. This distribution arises from taxable earnings, potentially including return of capital or capital gains, which will be detailed on Form 1099-DIV post-year-end. WhiteHorse Finance operates as a business development company, focusing on loans to lower middle market companies with assets managed by H.I.G. Capital, holding approximately $40 billion in capital.

Positive

• Declared a special distribution of $0.125 per share.
• Upcoming payment on December 10, 2020, may enhance shareholder returns.

Negative

• None.

NEW YORK, Oct. 9, 2020 /PRNewswire/ -- WhiteHorse Finance, Inc. (the "Company") (Nasdaq: WHF) today announced that its board of directors has declared a special distribution of $0.125 per share, which will be payable on December 10, 2020 to stockholders of record as of October 30, 2020.

Distributions are paid from taxable earnings and may include a return of capital and/or capital gains. The specific tax characteristics of the distributions will be reported to stockholders on Form 1099-DIV after the end of the calendar year and in the Company's periodic reports filed with the Securities and Exchange Commission.

About WhiteHorse Finance, Inc.

WhiteHorse Finance, Inc. is a business development company that originates and invests in loans to privately held, lower middle market companies across a broad range of industries. The Company's investment activities are managed by its investment adviser, H.I.G. WhiteHorse Advisers, LLC, an affiliate of H.I.G. Capital, LLC ("H.I.G. Capital"). H.I.G. Capital is a leading global alternative asset manager with approximately $40 billion of capital under management* across a number of funds focused on the small and mid-cap markets. For more information about H.I.G. Capital, please visit http://www.higcapital.com. For more information about the Company, please visit http://www.whitehorsefinance.com.

Forward-Looking Statements

This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in filings with the Securities and Exchange Commission. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.

Contacts
Stuart Aronson
WhiteHorse Finance, Inc.
212-506-0500
saronson@higwhitehorse.com

Joyson C. Thomas
WhiteHorse Finance, Inc.
305-379-2322
jthomas@higwhitehorse.com

Sean Silva
Prosek Partners
646-818-9122
ssilva@prosek.com

^* Based on total capital commitments managed by H.I.G. Capital and affiliates.

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SOURCE WhiteHorse Finance, Inc.

FAQ

What is the special distribution announced by WHF?

WhiteHorse Finance announced a special distribution of $0.125 per share.

When will the special distribution be paid to WHF stockholders?

The special distribution will be paid on December 10, 2020.

What is the record date for WHF's special distribution?

The record date for the special distribution is October 30, 2020.

How are the distributions from WHF characterized for tax purposes?

Distributions may include a return of capital and/or capital gains, reported on Form 1099-DIV.

What company manages WhiteHorse Finance's investment activities?

Investment activities are managed by H.I.G. WhiteHorse Advisers, LLC, an affiliate of H.I.G. Capital.