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Funds affiliated with HIG Capital to lower ownership in WhiteHorse Finance

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Funds affiliated with HIG Capital to lower ownership in WhiteHorse Finance

Funds affiliated with HIG Capital LLC on Aug. 29 agreed to sell in a block trade an aggregate of 972,622 common shares of WhiteHorse Finance Inc. at a price of $13.88 per share to a large institutional investor, according to a statement issued by WhiteHorse Finance.

WhiteHorse Finance expects the funds, which collectively have held a majority position in WhiteHorse Finance since its IPO in 2012, to slowly lower their ownership positions in the company. Following the block trade, those positions comprise 52.5% of all shares outstanding in WhiteHorse Finance.

Sami Mnaymneh and Anthony Tamer of HIG Capital may each be deemed to be beneficial owners of common stock in WhiteHorse Finance.