New Mountain Finance Corporation Schedules its Third Quarter 2023 Earnings Release and Conference Call
Quarter Ended Jun 30, 2023
Source: Q2 2023 Earning Press Release
For complete information regarding our financials, see our periodic filings
Net asset value ("NAV") per share was $13.14
Net Investment Income of $0.39 per share
Second quarter distribution of $.36 per share
Portfolio had a fair value of $3,196.0 million
NMFC focuses on acyclical, defensive growth-oriented industries where New Mountain has deep expertise.
Our dedicated credit team leverages the in-house resources of the broader New Mountain platform including a deep bench of over 100 industry executives.
Top 10 Industries (at FMV)
|Software - ERP||9%|
|Software - IT Infrastructure & Security||8%|
|Tech Enabled Healthcare||6%|
|Engineering & Consulting Services||5%|
|Business Services (misc.)||5%|
|Real Estate Services||5%|
|Human Capital Management||4%|
FMV as of June 30, 2023
For complete information regarding our financials, see our periodic filings.
NMFC's mandate is to achieve superior risk-adjusted returns despite economic volatility.
Since IPO, we have invested $9.9bn and generated $10m of realized gains (net of realized losses) while paying out ~$1.1bn in dividends.
BDC Index (87%) CS High Yield Index (79%)
Consistent history of attractive dividends fully covered by NII
NMFC's largest shareholder group are employees (13% + s/o)1
Dividend protection program remains in place.
Starting Q1 2023, NMFC commenced a formal supplemental dividend program
1Includes members of senior management and other New Mountain employees; excludes independent directors; ownership % based on total shares outstanding on 6/30/2023
New Mountain Finance Corporation
New York, NY 10019
T: (212) 220-3393
American Stock Transfer and Trust Company
6201 15th Ave
Brooklyn, NY 11219