Net assets from operations swung to an increase of $10.41 million from a decrease in the prior quarter, helped by $5.78 million of unrealized appreciation.
The investment portfolio fair value rose 4.8% to $569.2 million; net asset value per share increased 2.6% to $11.77.
Management cited portfolio markups and share repurchases as drivers of NAV growth; the adviser will cut the incentive fee on net investment income to 17.5% for next quarter.
Quarterly results and distribution
WhiteHorse Finance posted net investment income of $4.68 million, down 16.5% from the March quarter, while total investment income fell 9.4% to $14.37 million.
Net investment income per share slipped 14.2% to $0.217; a $0.25 per-share quarterly distribution was declared, payable Oct. 5 to holders of record on .
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