Did WhiteHorse Finance authorize a new share repurchase program in Q2 2026?

This earnings announcement does not disclose a new authorization. The CEO references an ongoing "share repurchase program," but no new authorization date, dollar amount, or share count is stated in this filing. Investors should consult prior 8-K filings or proxy statements for the original authorization details.

How many shares did WhiteHorse Finance repurchase in Q2 2026?

The specific number of shares repurchased and the total dollar amount are not disclosed in this earnings release. The CEO states the company was "repurchasing shares at a discount to NAV," but quantitative execution metrics are not provided in this filing.

Why does WhiteHorse Finance emphasize buybacks at a discount to NAV?

For BDCs and closed-end funds, repurchasing shares when trading below net asset value per share is accretive to the NAV of remaining shareholders. By retiring shares purchased at a discount, the company can enhance per-share NAV and return on assets for ongoing shareholders.

What is accretion in the context of share repurchases?

Accretion means the buyback program added to, rather than detracted from, net asset value growth. In WhiteHorse's case, the repurchases at a discount, combined with favorable portfolio markups, drove the company's return to NAV growth in Q2 2026.

Did WhiteHorse Finance's NAV per share increase in Q2 2026?

Yes. NAV per share increased from $11.47 as of March 31, 2026 to $11.77 as of June 30, 2026, a 2.6% increase. The company credits this growth to favorable portfolio markups and the accretive impact of its share repurchase program.

WHFCL 8-K Filed 2026-08-10 Execution disclosure

WhiteHorse Finance repurchased shares at discount to NAV in Q2 2026

BDC executed ongoing share buyback program during second quarter; CEO highlights accretive impact on net asset value growth.

MechanismNot specified

What the filing says

WhiteHorse Finance, Inc. (Nasdaq: WHF) announced in its second quarter 2026 earnings release that it continued executing its share repurchase program during the three months ended June 30, 2026. CEO Stuart Aronson stated the company was "repurchasing shares at a discount to NAV," emphasizing that the buyback program had an "accretive impact" on the company's return to net asset value growth this quarter.

The filing does not disclose the specific dollar amount, share count, or average price paid for repurchases executed during Q2 2026. However, the company's net asset value per share grew from $11.47 as of March 31, 2026 to $11.77 as of June 30, 2026—a 2.6% increase—which the company attributes in part to the accretive effect of share repurchases combined with favorable portfolio markups. The mechanism and authorization details are not specified in this earnings announcement.

As a business development company (BDC), WhiteHorse Finance manages a $569.2 million investment portfolio as of June 30, 2026, across 131 positions. The company declared a quarterly distribution of $0.25 per share for the quarter ended June 30, 2026, and announced a subsequent distribution of $0.25 per share for the quarter ending September 30, 2026.

Our results this quarter reflected a return to net asset value growth, driven by favorable portfolio markups and the accretive impact of our share repurchase program. — WhiteHorse Finance, Inc. 8-K filing · View on SEC EDGAR →

What this means

WhiteHorse Finance's reference to repurchasing shares at a discount to NAV during Q2 2026 indicates ongoing capital return activity, but this earnings announcement does not disclose quantitative details (shares repurchased, dollar amount, or average price). The company credits the buyback program as contributing to NAV growth alongside portfolio revaluations, which is typical for BDCs seeking to enhance per-share value when trading below book value. Without explicit authorization amounts or execution figures in this filing, investors should monitor quarterly 10-Q or 8-K disclosures for detailed repurchase metrics and any new board authorizations.

Frequently asked questions

Did WhiteHorse Finance authorize a new share repurchase program in Q2 2026?: This earnings announcement does not disclose a new authorization. The CEO references an ongoing "share repurchase program," but no new authorization date, dollar amount, or share count is stated in this filing. Investors should consult prior 8-K filings or proxy statements for the original authorization details.
How many shares did WhiteHorse Finance repurchase in Q2 2026?: The specific number of shares repurchased and the total dollar amount are not disclosed in this earnings release. The CEO states the company was "repurchasing shares at a discount to NAV," but quantitative execution metrics are not provided in this filing.
Why does WhiteHorse Finance emphasize buybacks at a discount to NAV?: For BDCs and closed-end funds, repurchasing shares when trading below net asset value per share is accretive to the NAV of remaining shareholders. By retiring shares purchased at a discount, the company can enhance per-share NAV and return on assets for ongoing shareholders.
What is accretion in the context of share repurchases?: Accretion means the buyback program added to, rather than detracted from, net asset value growth. In WhiteHorse's case, the repurchases at a discount, combined with favorable portfolio markups, drove the company's return to NAV growth in Q2 2026.
Did WhiteHorse Finance's NAV per share increase in Q2 2026?: Yes. NAV per share increased from $11.47 as of March 31, 2026 to $11.77 as of June 30, 2026, a 2.6% increase. The company credits this growth to favorable portfolio markups and the accretive impact of its share repurchase program.

execution bdc closed-end-fund nav-discount share-repurchase

Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.