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

WhiteHorse Finance, Inc. 7.875% Notes due 2028 (NASDAQ:WHFCL)’s stock price dropped 0.2% during mid-day trading on Tuesday . The company traded as low as $25.23 and last traded at $25.26. Approximately 7,771 shares changed hands during mid-day trading, an increase of 154% from the average daily volume of 3,055 shares. The stock had previously closed at $25.30.

WhiteHorse Finance, Inc. 7.875% Notes due 2028 Trading Down 0.2%

The company’s 50 day simple moving average is $25.42 and its 200-day simple moving average is $25.32.

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

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

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.