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WhiteHorse Finance (WHF) surprises us with a Rights Offering. We have questions…

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WhiteHorse Finance (WHF) announces an equity Rights Offering with a short fuse. This raises questions in our minds as to what the Company's goals are and whether this will serve as a precedent for other BDCs starved for new capital for many months now. We also disclose our investment group's short position in the stock and long in the public Notes.

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