CEF Advisors AICA Event NAVigator Podcast

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WhiteHorse Finance, Inc. (WHF)

BDC - Debt Focused BDC

Data as of Oct. 2, 2024
Current
Market Price $11.73 (+ $0.02)
NAV (June 30, 2024) $13.45 ( $0.00)
Fund Listed NASDAQ
Premium / Discount -12.79% (+0.15%)
Fund Info
Inception Feb. 25, 1992
Sponsor H.I.G. Capital
Website https://whitehorsefina...
Phone (305) 381-6999
Location Florida
Incorporated Delaware
Staggered Board Yes
Term Date N/A
Objective: Attractive risk-adjusted returns; senior secured loans
Related Indexes
High Income Index
Discount CEF/BDC Index
Capital & Leverage
Outstanding Shares 23,243,088
Total Assets (Reported: June 30, 2024) $703M
Estimated Total Assets $639M
Net Assets $313M
Market Cap $273M
Portfolio Turnover 34.02%
Debt-to-Equity 1.1478
Total Leverage 51.04%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 18.03%
Non Lev Exp Ratio 8.96%
Gross Asset Expense Ratio 8.07%
Gross Asset Non Lev Exp Ratio 4.01%
Rel Lev Cost 7.96%
Discount Data
Average Discount (3 Yr) -7.67%
Discount Low(3 Yr) -25.95%
Discount High(3 Yr) 4.92%
Discount Rel Range (3 Yr) 42.65%
Comp Discount -7.59
Discount St Dev (1Yr) 3.19
Z-Stat
Z-Stat (6mo) -1.06
Z-Stat (1Yr) -1.20
Z-Stat (3Yr) -0.89
Comp Z-Stat (6mo) -0.49
Comp Z-Stat (3Yr) -0.91
Distribution Data
Market Yield 13.13%
Income Yield 13.13%
Lev Adj NAV Yield 7.58%
Av Yield on Debt Investments 13.80
Distribution Frequency Q
Current Distribution $0.385
Current Income $0.385
Ex-Date 9/18/24
Payable Date 10/2/24
Div Growth (3yr) 8.45%
Dividend Change 4.1% on 11/9/23
Expected Div 11/8/24
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Tax Dividend Data 2023 2021 - 2023
Income 100% 94.4%
ST Gains 0% 0%
QDI 0% 0%
LT Gains 0% 5.6%
RoC 0% 0%
Volume & Liquidity
Average Daily $ (K) $947
Avg Volume 30 day 93,351
Avg Volume 90 day 80,698
Volume Trend 15.68%
Comp Volume Trend 9.27%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
21.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
22.0%
Price Correlation (1yr)
vs. CEFA's BDC Index
45.0%
Most Correlated Peer (Mk Pr): NMFC 52.0%
Price St Dev (1Yr) 19.0%
NAV St Dev (1Yr) 2.0%
Earnings
Earnings / Share (6/30/24) $0.400
Adj Core NII Coverage 103.84%
1 Yr Avg NII Coverage 116.01%
1 Yr Avg Adj Core NII Coverage 116.01%
NII Trend -6.12%
Adj Core NII Trend -6.12%
Performance
Price Beta (2yr)
vs. S&P 500 (TR)
0.60
Price Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
0.34
Price Beta (2yr)
vs. CEFA's Debt-Focused Business Development Company (BDC) Index
0.60
Portfolio Data
Avg Libor Floor % 1.07%
% Loans with Libor Floor 85%

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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

This material is presented for informational purposes only. Under no circumstances is it to be considered an offer to sell, or a solicitation to buy any investment referred to on this page. While the information contained herein is from sources believed reliable, we do not represent that it is accurate or complete and it should not be relied upon as such. Past performance is not necessarily indicative of future results. All investments involve risk including the loss of principal. Returns are presented gross of investment management fees and other appropriate fees (i.e. commissions, custodial fees, etc.).

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