WhiteHorse Finance, Inc. 7.875% Notes due 2028 (NASDAQ:WHFCL) Trading Down 0.4% – Here’s What Happened

WhiteHorse Finance, Inc. 7.875% Notes due 2028 (NASDAQ:WHFCLGet Free Report)’s stock price dropped 0.4% during trading on Wednesday . The stock traded as low as $25.30 and last traded at $25.1910. Approximately 1,987 shares changed hands during trading, a decline of 30% from the average daily volume of 2,823 shares. The stock had previously closed at $25.30.

WhiteHorse Finance, Inc. 7.875% Notes due 2028 Price Performance

The stock’s fifty day moving average is $25.37 and its two-hundred day moving average is $25.34.

WhiteHorse Finance, Inc. 7.875% Notes due 2028 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a dividend of $0.4922 per share. This represents a $1.97 dividend on an annualized basis and a yield of 7.8%. The ex-dividend date of this dividend was Monday, June 1st.

WhiteHorse Finance, Inc 7.875% Notes due 2028 (NASDAQ: WHFCL) are senior unsecured obligations of WhiteHorse Finance, Inc, an externally managed business development company (BDC). These notes carry a fixed interest rate of 7.875% per annum and mature in 2028. They were issued to provide the company with long-term capital to support its lending activities and general corporate purposes, ranking equally with all other unsecured and unsubordinated debt of the issuer.

WhiteHorse Finance, Inc operates as a closed-end BDC, investing primarily in first-lien secured loans, unitranche and second-lien debt instruments, as well as select equity co-investments in U.S.

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