WhiteHorse Finance Investor Relations

WhiteHorse Finance (WHF) is a business development company (BDC) focused on originating and investing in first lien senior secured loans to privately held middle-market companies across a variety of industries. Its investor relations (IR) program is designed to provide transparent and timely information to current and potential investors, ensuring informed decision-making and fostering long-term shareholder value.

Key Components of WhiteHorse Finance IR

WhiteHorse Finance employs a multi-faceted approach to investor relations, centered on:

• Financial Reporting: The company rigorously adheres to SEC reporting requirements, providing quarterly and annual reports (10-Q and 10-K filings) containing comprehensive financial statements, management’s discussion and analysis of financial condition and results of operations (MD&A), and detailed portfolio information. These reports offer insight into WHF’s performance, credit quality, and overall strategy.
• Earnings Calls and Webcasts: Following the release of quarterly earnings, WhiteHorse Finance typically holds conference calls and webcasts where management discusses the results, provides updates on portfolio activity, and answers questions from analysts and investors. These calls are crucial for understanding management’s perspective on the business and the broader market environment. Transcripts of these calls are often made available on the company’s IR website.
• Investor Presentations: WhiteHorse Finance regularly presents at industry conferences and investor meetings. These presentations provide an overview of the company, its investment strategy, portfolio composition, and market outlook. They are often accompanied by detailed slides decks which are usually accessible via the investor relations website.
• Website Resources: The investor relations section of WhiteHorse Finance’s website serves as a central hub for information. Here, investors can find SEC filings, press releases, presentations, corporate governance information, and contact information for the IR team. A frequently asked questions (FAQ) section may also address common investor inquiries.
• Direct Investor Communication: WhiteHorse Finance’s IR team actively engages with investors through meetings, phone calls, and email correspondence. This direct interaction allows investors to ask specific questions, provide feedback, and build a relationship with the management team.

Focus Areas

WhiteHorse Finance’s IR efforts typically focus on communicating key metrics such as:

• Net Asset Value (NAV): NAV per share is a critical metric for BDCs, reflecting the fair market value of the company’s assets less liabilities, divided by the number of outstanding shares.
• Net Investment Income (NII): NII is a key indicator of a BDC’s profitability, representing total investment income less operating expenses.
• Portfolio Performance: Monitoring the performance and credit quality of the loan portfolio, including non-accrual loans and any realized losses, is essential.
• Dividend Coverage: BDCs are generally required to distribute a significant portion of their income as dividends. IR emphasizes the sustainability of the dividend and its coverage by NII.
• Leverage Ratio: The level of leverage employed by the BDC is closely scrutinized by investors. IR activities often address the company’s target leverage ratio and its adherence to regulatory limits.

Importance of Investor Relations

Effective investor relations is crucial for WhiteHorse Finance for several reasons. It helps attract and retain investors, contributes to a fair market valuation, and builds trust in the company’s management and strategy. Transparent and informative IR practices are especially important for BDCs, given their complex structures and reliance on external funding sources.