WhiteHorse Finance, Inc. 7.875% Notes due 2028 (NASDAQ:WHFCL) Trading Down 0.2% – Here’s What Happened

Shares of WhiteHorse Finance, Inc. 7.875% Notes due 2028 (NASDAQ:WHFCL) traded down 0.2% during trading on Friday . The company traded as low as $25.41 and last traded at $25.4180. 1,687 shares changed hands during mid-day trading, a decline of 60% from the average session volume of 4,216 shares. The stock had previously closed at $25.46.

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

The business’s 50 day simple moving average is $25.31 and its 200-day simple moving average is $25.28.

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

The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Sunday, March 1st will be given a dividend of $0.4922 per share. The ex-dividend date is Friday, February 27th. This represents a $1.97 annualized dividend and a dividend yield of 7.7%.

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.