WhiteHorse Finance(US:WHF)2025-11-10 12:30Investment Income - For the third quarter ended September 30, 2025, total investment income was $17.7 million, a decrease of 6.1% from $18.8 million in the previous quarter[5] - Net investment income for the quarter was $6.1 million, down 7.0% from $6.6 million in the prior quarter, resulting in a net investment income per share of $0.263, a decrease of 6.7%[5] Total Investments - The company's total investments at fair value decreased to $568.4 million from $629.3 million, reflecting a decline of 9.7%[6] - The weighted average effective yield on income-producing debt investments was 11.6% as of September 30, 2025[6] Shareholder Returns - The board declared a quarterly distribution of $0.25 per share, payable on January 5, 2026, to stockholders of record as of December 22, 2025[1] - A stock repurchase program was authorized for up to $15.0 million of common stock, aimed at enhancing long-term shareholder value[3] Management Fees - WhiteHorse Advisers reduced the incentive fee on net investment income from 20.00% to 17.50% for the next two fiscal quarters[4] Investments and Repayments - During the quarter, the company made investments totaling $14.3 million in two new portfolio companies and added $4.9 million to existing companies[7] - Proceeds from sales and repayments totaled approximately $50.5 million, driven by full repayments from several portfolio companies[7] Net Assets - The net increase in net assets resulting from operations was a loss of $556, compared to a gain of $2,250 in the previous quarter, representing a decline of 124.7%[5]