WhiteHorse Finance (WHF) Misses Q2 EPS by 2c

WhiteHorse Finance (NASDAQ: WHF) reported Q2 EPS of $0.36, $0.02 worse than the analyst estimate of $0.37.

• New investments of $36.1 million
• Net investment income of $6.9 million
• Second quarter net investment income of $0.378 per share
• Second quarter distribution of $0.355 per share
• Public offering of 2,200,000 shares at $13.97 per share results in net proceeds of approximately $30.3 million

Stuart Aronson, WhiteHorse Finance's Chief Executive Officer commented, "This was a solid quarter for WhiteHorse Finance, with strong net interest income and modest gains in our NAV. We remain committed to conservative investing in senior secured assets with a goal of earning our dividend each year and protecting NAV. The pipeline for the third quarter is strong, with the majority of the pipeline comprised of directly originated sponsor and non-sponsor deals with low leverage and expected double digit returns."

For earnings history and earnings-related data on WhiteHorse Finance (WHF) click here.

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