WhiteHorse Finance, Inc. Announces Special Distribution

Rhea-AI Summary

WhiteHorse Finance, Inc. (Nasdaq: WHF) has declared a special distribution of $0.135 per share, set to be paid on December 10, 2021. Stockholders of record as of October 29, 2021 will receive this payment. Distributions may include a return of capital and/or capital gains, with specific tax characteristics reported on Form 1099-DIV post-year-end. The company focuses on originating and investing in loans to privately held, lower middle-market firms across various industries, managed by H.I.G. WhiteHorse Advisers, part of H.I.G. Capital, which oversees over $45 billion in assets.

Positive

• Declaration of a special distribution of $0.135 per share enhances shareholder returns.
• Company has a robust management structure through H.I.G. Capital, managing over $45 billion in assets.

Negative

• None.

NEW YORK, Oct. 14, 2021 /PRNewswire/ -- WhiteHorse Finance, Inc. (the "Company") (Nasdaq: WHF) today announced that its board of directors has declared a special distribution of $0.135 per share, which will be payable on December 10, 2021 to stockholders of record as of October 29, 2021.

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 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 over $45 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 Thomas
WhiteHorse Finance, Inc.
305-379-2322
jthomas@higwhitehorse.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 WhiteHorse Finance (WHF)?

WhiteHorse Finance announced a special distribution of $0.135 per share, payable on December 10, 2021.

When will the special distribution for WHF stockholders be paid?

The special distribution will be paid on December 10, 2021.

Who is eligible for the special distribution from WhiteHorse Finance (WHF)?

Stockholders of record as of October 29, 2021, are eligible for the special distribution.

What type of earnings will the special distribution from WHF include?

The distribution may include a return of capital and/or capital gains.

How much capital does H.I.G. Capital manage?

H.I.G. Capital manages over $45 billion in assets.