---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-25-007416"
form_type: "8-K"
ticker: "WHF"
cik: "0001552198"
company_name: "WhiteHorse Finance, Inc."
filed_at: "2025-05-12T23:59:59+00:00"
generated_at: "2026-05-21T23:35:39.255941+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# WhiteHorse Finance Q1 NII falls 14% to $0.294/share; maintains $0.385 distribution

## Summary
- Net investment income $6.8M ($0.294/sh), down from $8.0M ($0.343/sh) in Q4 2024.
- Total investment income $18.8M, down 10.5% from $21.0M in prior quarter.
- Quarterly distribution declared at $0.385/sh, payable July 3, 2025 to holders of record June 19, 2025.
- NAV per share $12.11 as of March 31, 2025, vs $12.31 at December 31, 2024.
- Portfolio weighted average effective yield 12.1%; 79.4% first lien secured loans.

## SEC filing metadata
- accession: 0001558370-25-007416
- form_type: 8-K
- ticker: WHF
- cik: 0001552198
- company_name: WhiteHorse Finance, Inc.
- filed_at: 2025-05-12T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1552198/000155837025007416/0001558370-25-007416-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1552198/000155837025007416/whf-20250512x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-25-007416
- JSON: https://secwatch.observer/filing/0001558370-25-007416.json
- Plain text: https://secwatch.observer/filing/0001558370-25-007416.txt

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