- We have recently initiated coverage on WHF - an undercovered BDC with a 10.25% trailing twelve-month yield.
- WHF is one of the smaller BDCs with around $324m of net assets with a focus on the lower middle-market space.
- WHF has delivered sector-beating performance across various timeframes, continues to trade at a below-average valuation and has maintained a steady dividend since 2012.
- The company continues to lower its interest expense which will further add to its NII.
- A few things to watch out for is an above sector level of leverage and a relatively expensive fee structure.
For further details see:
WhiteHorse Finance: An Undercovered Strong BDC Performer With A 10.25% Yield