WhiteHorse Finance Seeks to Rebuild Investor Confidence After Earnings Disappointment

Following a disappointing quarterly report that sent its shares tumbling, WhiteHorse Finance has initiated a significant strategic shift. The business development company is now deploying share repurchases and insider buying in an attempt to restore market faith, raising questions about whether these measures can effectively mend fractured investor relations.

In the wake of the financial setback, WhiteHorse Finance management moved quickly to implement a triple-tiered response plan:

• Share Repurchase Authorization: The company approved a $15 million buyback program, specifically targeting acquisitions below net asset value.
• Temporary Fee Reduction: The incentive fee on net investment income will be lowered from 20.00% to 17.50% for a two-quarter period.
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