---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-108818"
form_type: "8-K"
ticker: "WHF"
cik: "0001552198"
company_name: "WhiteHorse Finance, Inc."
filed_at: "2025-11-10T23:59:59+00:00"
generated_at: "2026-05-16T22:22:17.731111+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# WhiteHorse cuts dividend to $0.25, authorizes $15M buyback; Q3 NII $0.263/share

## Summary
- Q3 total investment income $17.7M, down 6.1% sequentially; NII $6.1M ($0.263/share) vs $6.6M ($0.282) prior quarter.
- NAV per share fell 3.5% to $11.41 from $11.82; net realized/unrealized losses of ($6.7M) for the quarter.
- Board declared a quarterly distribution of $0.25 per share (payable Jan 5, 2026 to record Dec 22, 2025), down from $0.385 prior.
- Board authorized stock repurchase program of up to $15M at prices below NAV; adviser reduced incentive fee to 17.5% for two quarters.

## SEC filing metadata
- accession: 0001104659-25-108818
- form_type: 8-K
- ticker: WHF
- cik: 0001552198
- company_name: WhiteHorse Finance, Inc.
- filed_at: 2025-11-10T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1552198/000110465925108818/0001104659-25-108818-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1552198/000110465925108818/whf-20251110x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-108818
- JSON: https://secwatch.observer/filing/0001104659-25-108818.json
- Plain text: https://secwatch.observer/filing/0001104659-25-108818.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.