NEW YORK, Oct. 9, 2020 /PRNewswire/ — WhiteHorse Finance, Inc. (the “Company”) (Nasdaq: WHF) today announced that its board of directors has declared a special distribution of $0.125 per share, which will be payable on December 10, 2020 to stockholders of record as of October 30, 2020.

Distributions are paid from taxable earnings and may include a return of capital and/or capital gains. The specific tax characteristics of the distributions will be reported to stockholders on Form 1099-DIV after the end of the calendar year and in the Company’s periodic reports filed with the Securities and Exchange Commission.

About WhiteHorse Finance, Inc.

WhiteHorse Finance, Inc. is a business development company that originates and invests in loans to privately held, lower middle market companies across a broad range of industries. The Company’s investment activities are managed by its investment adviser, H.I.G. WhiteHorse Advisers, LLC, an affiliate of H.I.G. Capital, LLC (“H.I.G. Capital”). H.I.G. Capital is a leading global alternative asset manager with approximately $40 billion of capital under management* across a number of funds focused on the small and mid-cap markets. For more information about H.I.G. Capital, please visit https://www.higcapital.com. For more information about the Company, please visit https://www.whitehorsefinance.com.

Forward-Looking Statements

This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in filings with the Securities and Exchange Commission. The Company undertakes no duty to update any forward-looking

ROCHESTER, N.Y. — Rochester Mayor Lovely Warren, a onetime rising star in the Democratic Party who faces corruption charges that could end her career — and land her behind bars — appeared in a Monroe County courtroom Monday to plead not guilty to all charges.

Warren, 43, is accused of bypassing campaign contribution limits when she successfully ran for reelection as mayor in 2017.

Cayuga County Judge Thomas Leone will preside over her case in Monroe County to possibly avoid any judicial ties to the mayor.

“In my 14 years on the bench, I’ve never told my administrative judge ‘no,’ so here I am in Rochester today,” he said.

Appearing via a live stream at Monroe County Supreme Court, Warren sat cross-legged in the courtroom’s first row wearing a lilac face mask and a white coat.

Leone didn’t mince words in releasing the embattled mayor from custody as her court case plays out.

“Ms. Warren, I am going to release you on your own recognizance,” the judge said, further warning her not to get into “any trouble.”

“If you are convicted of the most serious charges here — well, they’re all Class E felonies — I’ll show you absolutely no consideration whatsoever, and I will sentence you to prison, do you understand that?” he added.

“Yes,” Warren solemnly responded.

Warren was indicted on first-degree scheme to defraud and election law violation by a Rochester grand jury on Friday. The charges came after a years-long investigation into her 2017 reelection campaign, prosecutors said.

Warren’s campaign treasurer, Albert Jones Jr., and treasurer Rosalind Brooks-Harris of the political action committee “Warren for a Strong Rochester” also face charges in the case. Brooks-Harris is also Rochester City’s finance director.

The mayor could serve up to four years in prison if convicted; she also faces