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Dec 31, 2022
NMFC Q4 2022 Earnings Report
Reported adjusted net investment income and declared a first quarter distribution and supplemental dividend program.
Key Takeaways
New Mountain Finance Corporation reported a strong Q4 with adjusted net investment income of $0.35 per share and a NAV per share of $13.02. The company declared a first quarter distribution of $0.32 per share and announced a supplemental dividend program.
Adjusted net investment income was $0.35 per share.
NAV per share was $13.02, compared to $13.20 on September 30, 2022.
Declared a first quarter distribution of $0.32 per share.
Introduced a supplemental dividend program to return capital to shareholders.
Forward Guidance
New Mountain expects to declare a variable quarterly supplemental dividend in an amount to be determined each quarter. For quarters that adjusted net investment income per share exceeds the base dividend, New Mountain will pay supplemental dividends per share equal to one half of the earnings in excess of the dividend.
Positive Outlook
- Consistent operating performance
- Enhanced strength from differentiated underwriting model
- Rising interest rate environment
- Net investment income per share exceeding quarterly dividend
- Supplemental dividend program to return capital to shareholders
Historical Earnings Impact
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Avg. Return Before/After Earnings
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