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Jun 30, 2022
NMFC Q2 2022 Earnings Report
Net investment income and dividend distribution were announced.
Key Takeaways
New Mountain Finance Corporation reported a net investment income of $0.31 per share for the second quarter. The board of directors declared a third quarter distribution of $0.30 per share.
Reported Q2 Net Investment Income of $0.31 per share, exceeding prior guidance.
Over 90% of the portfolio was rated green on the risk rating scale.
Generated $103.8 million of originations in four new portfolio companies.
Generated $116.6 million of originations, including commitments for follow-on investments in nineteen portfolio companies.
Revenue by Segment
Forward Guidance
The company expects Q3 Net Investment Income will be at least $0.30 per share and is confident that Net Investment Income will continue to meet or exceed the quarterly dividend for the foreseeable future.
Positive Outlook
- Expectation that Q3 Net Investment Income will be at least $0.30 per share.
- Outlook for consistent operating performance
- Rising interest rate environment
- Continued support from the investment advisor
- Confident that Net Investment Income will continue to meet or exceed quarterly dividend for the foreseeable future.
Challenges Ahead
- Statements included herein may contain “forward-looking statements”, which relate to our future operations, future performance or our financial condition.
- Forward-looking statements are not guarantees of future performance, condition or results and involve a number of risks and uncertainties, including the impact of COVID-19, the current conflict between Russia and Ukraine, and related changes in base interest rates and significant volatility on our business, portfolio companies, our industry and the global economy.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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