---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-25-002454"
form_type: "8-K"
ticker: "WHF"
cik: "0001552198"
company_name: "WhiteHorse Finance, Inc."
filed_at: "2025-03-07T23:59:59+00:00"
generated_at: "2026-05-25T03:38:35.489248+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# WhiteHorse Finance Q4 NII $0.343/sh; NAV down 3.6% to $12.31

## Summary
- Total investment income $21.0M, down 8.1% from Q3; net investment income $7.98M ($0.343/sh).
- Net realized losses of $12.3M in Q4; net unrealized appreciation $8.2M partially offset.
- NAV per share fell to $12.31 from $12.77; total investments at fair value $642.2M.
- Declared $0.385/sh quarterly distribution, payable Apr 4, 2025 to holders of record Mar 21.
- CEO cites specific portfolio challenges; majority of credits stable and performing.

## SEC filing metadata
- accession: 0001558370-25-002454
- form_type: 8-K
- ticker: WHF
- cik: 0001552198
- company_name: WhiteHorse Finance, Inc.
- filed_at: 2025-03-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1552198/000155837025002454/0001558370-25-002454-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1552198/000155837025002454/whf-20250307x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-25-002454
- JSON: https://secwatch.observer/filing/0001558370-25-002454.json
- Plain text: https://secwatch.observer/filing/0001558370-25-002454.txt

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