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Dec 31, 2023
NMFC Q4 2023 Earnings Report
NMFC reported fourth quarter results with net investment income of $0.40 per share and declared a first quarter regular distribution of $0.32 per share and a supplemental distribution of $0.04 per share.
Key Takeaways
New Mountain Finance Corporation reported a successful fourth quarter for 2023, with year-over-year earnings growth outpacing its regular dividend for the fourth consecutive quarter. The company's net investment income was $0.40 per share, and it declared a regular distribution of $0.32 per share and a supplemental distribution of $0.04 per share for the first quarter.
Reported fourth quarter net investment income of $0.40 per weighted average share.
Net asset value (NAV) per share was $12.87.
Declared a first quarter regular distribution of $0.32 per share and a supplemental distribution of $0.04 per share.
Portfolio had a fair value of $3,027.8 million in 111 portfolio companies, with a weighted average YTM at Cost of approximately 10.9%.
Forward Guidance
The Company declared a regular first quarter 2024 distribution of $0.32 per share and a supplemental distribution related to fourth quarter earnings of $0.04 per share, each payable on March 29, 2024 to holders of record as of March 15, 2024.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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