New Mountain Finance Corporation reported a Q3 net investment income of $0.32 per share and a NAV per share of $13.20. The board declared an increased fourth quarter distribution to $0.32 per share, a 7% increase compared to the most recent quarterly distribution.
Net Investment Income (NII) was reported at $0.32 per weighted average share.
Net Asset Value (NAV) per share was $13.20, a 1.6% decline quarter over quarter.
The board of directors declared an increased fourth quarter distribution to $0.32 per share, representing a 7% increase.
Over 92% of the portfolio was rated green on the company's risk rating scale.
New Mountain Finance Corporation remains confident that net investment income per share will meet or exceed the quarterly dividend for the foreseeable future.
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