New Mountain Finance Corporation Schedules its Third Quarter 2024 Earnings Release and Conference Call
New Mountain Finance Corporation (Nasdaq: NMFC) is a leading business development company (BDC) focused on providing direct lending solutions to U.S. upper middle market companies backed by top private equity sponsors. Our portfolio consists primarily of senior secured loans, and select junior capital positions, to growing businesses in defensive industries that offer attractive risk-adjusted returns. Our differentiated investment approach leverages the deep sector knowledge and operating resources of New Mountain Capital, a global investment firm with approximately $55 billion of assets under management.
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.
NMFC's mandate is to achieve superior risk-adjusted returns despite economic volatility.
Since IPO, we have invested $10.0bn and only realized losses of $69m (net of realized gains) while paying out ~$1.3bn in dividends.
BDC Index 105.3% CS High Yield Index 91.6%
Consistent history of attractive dividends fully covered by NII
NMFC's largest shareholder group are employees (12% + 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 6/30/2024
New Mountain Finance Corporation
1633 Broadway
48th Floor
New York, NY 10019
United States
Laura Holson
Authorized Representative
T: (212) 220-3393
NMFCIR@newmountaincapital.com
American Stock Transfer and Trust Company
6201 15th Ave
Brooklyn, NY 11219
United States
T: 800-937-5449
http://www.astfinancial.com