Quarterly ResultMay 4, 2026, 04:28 PM
New Mountain Finance Q1 Adjusted NII $0.32/share; Declares $0.25 Dividend
AI Summary
New Mountain Finance Corporation announced its first quarter 2026 financial results, reporting adjusted net investment income of $0.32 per share and declaring a second quarter distribution of $0.25 per share. The company's Net Asset Value declined to $10.92 per share from $11.52, primarily due to broader market movements impacting software and technology-oriented loans, despite stable earnings and proactive portfolio management. NMFC also repurchased ~$66 million in shares year-to-date and authorized an additional $50 million for buybacks, while appointing Laura C. Holson as interim CFO and Treasurer.
Key Highlights
- Reported Q1 Adjusted Net Investment Income of $0.32 per weighted average share.
- Declared a second quarter 2026 distribution of $0.25 per share, payable June 30, 2026.
- Net Asset Value (NAV) was $10.92 per share, down from $11.52 as of December 31, 2025.
- Repurchased ~$66 million of shares year-to-date; authorized an additional $50 million for buybacks.
- Laura C. Holson appointed interim Chief Financial Officer and Treasurer, effective May 29, 2026.
- Completed a Secondary Sale of approximately $470 million of assets on March 10, 2026.
- Statutory debt to equity was 1.12x (1.08x net of available cash) as of March 31, 2026.
- Approximately 91.4% of the investment portfolio had a Green Risk Rating by fair value.