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  4. [8-K] New Mountain Finance Corp Reports Material Event

New Mountain Finance declares $0.25 Q4 distribution

The fourth-quarter distribution is payable December 31, 2026, to holders of record December 17; adjusted net investment income was $0.26 per weighted average share.

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Filing Sentiment

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Form Type
8-K

Rhea-AI Filing Summary

New Mountain Finance Corporation (NMFC) reported third-quarter 2026 adjusted net investment income of $24.1 million, or $0.26 per weighted average share, compared with $0.32 per share a year earlier. Net investment income was $23.693 million, versus $34.042 million. NMFC declared a fourth-quarter distribution of $0.25 per share, payable December 31, 2026, to holders of record December 17, 2026; the Q4 2025 distribution was $0.32 per share. Net asset value was $10.67 per share as of September 30, compared with $10.89 as of June 30, 2026.

As of September 30, 2026, NMFC’s portfolio had a fair value of $2,265.7 million across 110 portfolio companies, with approximately 12.0% weighted average YTM at Cost. NMFC had $41.9 million of cash, $1,199.7 million of statutory debt outstanding and $815.4 million of available capacity across credit facilities, notes and a revolver. It funded a $150.0 million private placement of unsecured notes on October 1 and reduced the Holdings Credit Facility commitment from $450.0 million to $350.0 million on October 2. On October 20, the SBA confirmed SBIC I had repaid all outstanding debentures and approved its request to surrender its SBIC license.

0 points · 0 major

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0 major · 2 points

How the balance works

Positive

  • None.

Negative

  • Moderate pointNet investment income declined to $23.693 million from $34.042 million in Q3 2025.
  • Moderate pointThe declared Q4 2026 distribution is $0.25 per share, versus $0.32 paid in Q4 2025.

Filing Explained

The company extended its $150 million stock repurchase program through December 31, 2027, with about $79.5 million still available; that is capacity to repurchase shares, not a disclosure of completed purchases.

Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Adjusted net investment income $24.1 million Q3 2026
Adjusted net investment income per weighted average share $0.26 per share Q3 2026; $0.32 per share in Q3 2025
Net investment income $23.693 million Q3 2026; $34.042 million in Q3 2025
Distribution declared $0.25 per share Q4 2026; $0.32 per share was paid in Q4 2025
Net asset value per share $10.67 As of September 30, 2026; $10.89 as of June 30, 2026
Investment portfolio fair value $2,265.7 million As of September 30, 2026
Cash and cash equivalents $41.9 million As of September 30, 2026
Statutory debt/equity 1.19x As of September 30, 2026; 1.16x as of June 30, 2026
Adjusted net investment income financial
"Adjusted net investment income of $24.1 million"
Adjusted net investment income is a measure of the cash a fund or investment vehicle earns from its core investing activities after removing one-time, accounting-only items such as paper gains or losses and unusual expenses. Think of it like a household budget that strips out one-off windfalls or repairs to show the money available for regular spending. Investors use it to judge the sustainability of dividend payments and the underlying earning power separate from short-term accounting swings.
weighted average YTM at Cost financial
"weighted average YTM at Cost of approximately 12.0%"
Statutory Debt/Equity financial
"Statutory Debt/Equity was 1.19x"
Payment-in-kind (PIK) financial
"Payment-in-kind ("PIK") interest income"
Risk Rating financial
"Risk Rating is expressed in categories of Green, Yellow, Orange and Red"
Adjusted net investment income $24.1 million
Adjusted net investment income per weighted average share $0.26 per share Compared with $0.32 per share in Q3 2025
Net investment income $23.693 million Compared with $34.042 million in Q3 2025
Distribution declared $0.25 per share Q4 2025 distribution was $0.32 per share
Net asset value per share $10.67 Compared with $10.89 as of June 30, 2026

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What was NMFC’s adjusted net investment income in Q3 2026?
NMFC reported adjusted net investment income of $24.1 million, or $0.26 per weighted average share, for Q3 2026. Adjusted net investment income per weighted average share was $0.32 in Q3 2025. The 2026 adjustment excludes $0.6 million of accelerated deferred financing costs and a corresponding incentive fee adjustment.

What distribution did NMFC declare for Q4 2026?
NMFC declared a $0.25-per-share distribution for Q4 2026, payable December 31, 2026, to holders of record December 17, 2026. The Q4 2025 distribution was $0.32 per share.

How much of NMFC’s portfolio was rated green?
As of September 30, 2026, green-rated investments had a fair value of $1,950.6 million, or 86.1% of portfolio fair value. NMFC’s internal ratings range from Green, reflecting investments in-line with or above expectations, to Red, reflecting investments performing materially below expectations.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
Pursuant to section 13 or 15(d) of the
Securities Exchange Act of 1934
 
Date of Report (Date of Earliest Event Reported): November 2, 2026
 

New Mountain Finance Corporation
(Exact name of registrant as specified in its charter)
 
Delaware814-0083227-2978010
(State or other jurisdiction of
incorporation or organization)
(Commission
File Number)
(IRS Employer
Identification Number)
 
1633 Broadway, 48th Floor, New York, NY 10019
(Address of principal executive offices)(zip code)
 
Registrant’s telephone number, including area code (212) 720-0300
 
 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Common stock, par value $0.01 per shareNMFCNASDAQ Global Select Market
8.250% Notes due 2028NMFCZNASDAQ Global Select Market
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐






Item 2.02.Results of Operations and Financial Condition
On November 2, 2026, New Mountain Finance Corporation (“NMFC” or the “Company”) issued a press release announcing financial results for its quarter ended September 30, 2026. The press release is included as Exhibit 99.1 hereto and incorporated herein by reference.
The information disclosed under this Item 2.02, including Exhibit 99.1 hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, (the “Exchange Act”) or otherwise subject to the liabilities of that section. The information provided herein shall not be deemed incorporated by reference into any filing made under the Securities Act of 1933, as amended, (the “Securities Act”) except as expressly set forth by specific reference in such filing.
Item 7.01.    Regulation FD Disclosure
    On November 2, 2026, NMFC issued a press release, included herewith as Exhibit 99.1, announcing the declaration of a fourth quarter 2026 distribution of $0.25 per share, payable on December 31, 2026 to holders of record as of December 17, 2026. Additionally, on November 2, 2026, NMFC made available on its website, http://www.newmountainfinance.com, a supplemental investor presentation with respect to the earnings release.
The information disclosed under this Item 7.01, including Exhibit 99.1 hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section. The information provided herein shall not be deemed incorporated by reference into any filing made under the Securities Act, except as expressly set forth by specific reference in such filing.
Item 9.01.Financial Statements and Exhibits.
d) Exhibits.
 
Exhibit
Number
  Description
99.1
  
Press Release, dated November 2, 2026
104Cover Page Interactive Data File (embedded within the Inline XBRL document)




SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.
 



NEW MOUNTAIN FINANCE CORPORATION
Date: November 2, 2026
By:/s/ Eric Kane
Name:Eric Kane
Title:Corporate Secretary


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New Mountain Finance Corporation Announces Financial Results for the Quarter Ended September 30, 2026

Reports Third Quarter Adjusted Net Investment Income1 of $0.26 per Share and Declares a Fourth Quarter Distribution of $0.25 per Share

NEW YORK--(BUSINESS WIRE) — November 2, 2026 -- New Mountain Finance Corporation (NASDAQ: NMFC) (“New Mountain,” “New Mountain Finance” or the “Company”) today announced its financial results for the quarter ended September 30, 2026.
Third Quarter and Recent Highlights2
•Adjusted net investment income1 of $24.1 million, or $0.26 per weighted average share
•Net asset value of $10.67 per share compared to $10.89 per share as of June 30, 2026
•Declared a fourth quarter 2026 distribution of $0.25 per share, payable on December 31, 2026, to holders of record as of December 17, 2026
•86% of the portfolio is rated green on our internal heatmap
•Funded the $150 million private placement of unsecured notes on October 1, 2026
•Extended the $150 million stock repurchase program through December 31, 2027, with ~$79.5 million remaining available
($ in millions, except per share data)
Q3 2026
Q3 2025
Net Investment Income per Weighted Average Share
$
0.25 
$
0.32 
Non-recurring Adjustments1
0.01 
— 
Adjusted Net Investment Income1 per Weighted Average Share
$
0.26 
$
0.32 
Regular Dividends Paid per Share in Quarter
$
0.25 
$
0.32 
Annualized Dividend Yield3
14.2 
%
13.2 
%
September 30, 2026
June 30, 2026
Investment Portfolio4
$
2,265.7 
$
2,295.5 
NAV per Share
$
10.67 
$
10.89 
Statutory Debt/Equity5
1.19x
1.16x
Statutory Debt/Equity (Net of Available Cash)5
1.15x
1.11x
Management Comments on Third Quarter Performance
“We continue to believe NMFC is undervalued, and our increasing internal ownership reflects our confidence in the Company’s long-term value,” said Steven B. Klinsky, NMFC Chairman and New Mountain Capital CEO. “In the third quarter, NMFC covered its dividend, and as we look into 2027, we believe NMFC has improving prospects.”
John R. Kline, NMFC CEO, added: “We’re seeing positive underlying performance in many of our equity and PIK-yielding positions and remain focused on monetizations. Our objective is to reinvest proceeds into first-lien, cash-paying assets to improve portfolio diversification and enhance income quality.”
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Portfolio and Investment Activity4
As of September 30, 2026, the Company’s NAV2 was $1,008.0 million and its portfolio had a fair value of $2,265.7 million of investments in 110 portfolio companies, with a weighted average YTM at Cost6 of approximately 12.0%. For the three months ended September 30, 2026, the Company originated $10.3 million of investments7, offset by $35.8 million of repayments7 and $8.1 million of sales.
Portfolio and Asset Quality
NMFC’s mandate is to primarily target businesses in the middle market that, consistent with New Mountain’s private equity platform, are high quality, defensive growth companies in industries that are well-researched by New Mountain. The Company’s focus is on defensive growth businesses that generally exhibit the following characteristics: (i) acyclicality, (ii) sustainable secular growth drivers, (iii) niche market dominance and high barriers to competitive entry, (iv) recurring revenue and strong free cash flow, (v) flexible cost structures and (vi) seasoned management teams.


Portfolio Industry Composition based on Fair Value8
Business Services
Healthcare
Utility & Data Center Services
7.2 
%
Healthcare Services
9.3 
%
Real Estate Services
4.8 
%
Healthcare IT & Tech-Enabled Services
6.0 
%
Insurance & Benefits Services
4.5 
%
Healthcare Products
2.2 
%
Misc Services
2.4 
%
Pharma Services
1.8 
%
Digital Transformation
1.7 
%
Total Healthcare
19.3 
%
Data & Information Services
1.5 
%
Compliance Services
1.4 
%
Financial Services & Technology
Field Services
1.3 
%
Financial Services
3.5 
%
Engineering & Consulting Services
0.9 
%
Integrated Payments
2.3 
%
Total Business Services
25.7 
%
Financial Technology
1.4 
%
Total Financial Services & Technology
7.2 
%
Software
ERP
7.2 
%
Other Industries
IT Infrastructure & Security
4.7 
%
Consumer Services
7.5 
%
Finance & Accounting
4.6 
%
Education
6.3 
%
Human Capital Management
2.3 
%
Distribution & Logistics
5.3 
%
Commerce & Supply Chain
0.9 
%
Packaging
4.5 
%
Governance, Risk & Compliance
0.2 
%
Other
4.3 
%
Total Software
19.9 
%
Total Other Industries
27.9 
%
The Company monitors the performance and financial trends of its portfolio companies on at least a quarterly basis. The Company attempts to identify any developments within the portfolio company, the industry, or the macroeconomic environment that may alter any material element of the Company’s original investment strategy. As described more fully in the Company's Quarterly Report on Form 10-Q filed with the U.S. Securities and Exchange Commission, the portfolio monitoring procedures are designed to provide a simple, yet comprehensive analysis of the Company’s portfolio companies based on their operating performance and underlying business characteristics, which in turn forms the basis of its Risk Rating. The Risk Rating is expressed in categories of Green, Yellow, Orange and Red with Green reflecting an investment that is in-line with or above expectations and Red reflecting an investment performing materially below expectations.


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The following table shows the Risk Rating of the Company’s portfolio companies as of September 30, 2026:
(in millions)
As of September 30, 2026
Risk Rating
Cost
Percent
Fair Value
Percent
Weighted Average Mark11
Green9
$
2,036.0 
82.0 
%
$
1,950.6 
86.1 
%
95.2 
%
Yellow4
353.1 
14.2 
%
266.1 
11.7 
%
69.5 
%
Orange
79.8 
3.2 
%
47.3 
2.1 
%
69.8 
%
Red
15.1 
0.6 
%
1.7 
0.1 
%
10.8 
%
 Total
$
2,484.0 
100.0 
%
$
2,265.7 
100.0 
%

As of September 30, 2026, most of the investments in the Company’s portfolio had a Green Risk Rating, with the exception of seventeen portfolio companies that had a Yellow Risk Rating, six portfolio companies that had an Orange Risk Rating and one portfolio company that had a Red Risk Rating.
The following table shows the Company’s investment portfolio composition as of September 30, 2026:
(in millions)
Investment Portfolio Composition
September 30, 2026
Percent of Total
First Lien
$
1,430.9 
63.2 
%
Senior Loan Funds (SLP III & SLP IV) & NMNLC
378.6 
16.7 
%
Second Lien
68.1 
3.0 
%
Subordinated
101.7 
4.5 
%
Preferred Equity
160.3 
7.1 
%
Common Equity and Other10
126.1 
5.5 
%
Total
$
2,265.7 
100.0 
%
Liquidity and Capital Resources
As of September 30, 2026, the Company had cash and cash equivalents of $41.9 million and total statutory debt outstanding of $1,199.7 million5. The Company's statutory debt to equity was 1.19x (or 1.15x net of available cash) as of September 30, 2026. Additionally, the Company's wholly-owned SBIC subsidiaries had $120.0 million of SBA-guaranteed debentures outstanding as of September 30, 2026. As of September 30, 2026, the Company had $815.4 million of available capacity on its Holdings Credit Facility, NMFC Credit Facility, October 2028 Notes, October 2031A Notes, October 2031B Notes and Unsecured Management Company Revolver. Subsequent to quarter-end, the Company funded the $150.0 million private placement of unsecured notes on October 1, 2026 and reduced the Holdings Credit Facility commitment from $450.0 million to $350.0 million on October 2, 2026. On October 20, 2026, the SBA confirmed that SBIC I had repaid all of its outstanding debentures and approved SBIC I’s request to surrender its SBIC license.
Third Quarter 2026 Conference Call
New Mountain Finance Corporation will host an earnings conference call and webcast at 10:00 am Eastern Time on Tuesday, November 3, 2026. To participate in the live earnings conference call, please use the following dial-in numbers or visit the audio webcast link. To avoid any delays, please join at least fifteen minutes prior to the start of the call.
•United States: +1 (646) 769-9200
•International: (800) 330-6710
•Access Code: 9184256
•Live Audio Webcast
A replay of the conference call will be available for one year following the call. To access the earnings webcast replay please visit the New Mountain Investor Relations website.
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For additional details related to the quarter ended September 30, 2026, please refer to the New Mountain Finance Corporation Quarterly Report on Form 10-Q filed with the SEC and the supplemental investor presentation which can be found on the Company's website at http://www.newmountainfinance.com.
(1)Adjusted net investment income for Q3 2026 excludes $0.6 million of accelerated deferred financing costs, comprising $0.4 million related to the commitment decrease of the Holdings Credit Facility, $0.2 million related to the full and partial repayment of the SBIC I and SBIC II SBA-guaranteed debentures and a corresponding incentive fee adjustment.
(2)Excludes non-controlling interest in New Mountain Net Lease Corporation (“NMNLC”).
(3)The Q3 2026 dividend yield calculation uses the closing stock price of $7.03 on October 30, 2026 and includes annualized dividends of $0.25 per share, to be paid in Q4 2026. The Q3 2025 dividend yield calculation uses the closing stock price of $9.67 on October 31, 2025 and includes annualized dividends of $0.32 per share, which were paid in Q4 2025.
(4)Includes claim related to the collateralized agreement to resell.
(5)Excludes the Company’s United States Small Business Administration (“SBA”) guaranteed debentures.
(6)References to “YTM at Cost” assume the accruing investments, including secured collateralized agreements, in the Company's portfolio as of a certain date, the ‘‘Portfolio Date’’, are purchased at cost on that date and held until their respective maturities with no prepayments or losses and are exited at par at maturity. This calculation excludes the impact of existing leverage. YTM at Cost uses the Sterling Overnight Index Average Rate (“SONIA”), Euro Interbank Offered Rate (“EURIBOR”) and Secured Overnight Financing Rate (“SOFR”) curves at each quarter’s respective end date. The actual yield to maturity may be higher or lower due to the future selection of SONIA, EURIBOR and SOFR contracts by the individual companies in the Company’s portfolio or other factors.
(7)Originations exclude payment-in-kind (“PIK”); originations, repayments, and sales exclude revolvers, unfunded commitments, bridges, return of capital, and realized gains / losses.
(8)Excludes NMFC Senior Loan Program III LLC (“SLP III”), NMFC Senior Loan Program IV LLC (“SLP IV”), Structured Finance Obligations and NMNLC.
(9)Includes investments held in NMNLC.
(10)Includes investments classified as structured finance obligations and claim related to the collateralized agreement to resell.
(11)Does not include unfunded commitments, common equity investments, SLPs, NMNLC, or non-yielding preferred investments.




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New Mountain Finance Corporation
Consolidated Statements of Assets and Liabilities
(in thousands, except shares and per share data)
(unaudited)

September 30, 2026
December 31, 2025
Assets
Investments at fair value
Non-controlled/non-affiliated investments (cost of $1,664,543 and $2,060,391, respectively)
$
1,559,410 
$
2,002,306 
Non-controlled/affiliated investments (cost of $136,025 and $131,221, respectively)
69,692 
60,702 
Controlled investments (cost of $653,422 and $720,503, respectively)
630,860 
679,005 
Total investments at fair value (cost of $2,453,990 and $2,912,115, respectively)
2,259,962 
2,742,013 
Securities purchased under collateralized agreements to resell (cost of $30,000 and $30,000, respectively)
5,700 
13,500 
Cash and cash equivalents
41,912 
80,718 
Interest and dividend receivable
31,675 
38,549 
Receivable from broker
60 
— 
Receivable from affiliates
53 
381 
Derivative asset at fair value
— 
5,647 
Receivable from unsettled securities sold
— 
4,138 
Other assets
13,339 
17,907 
Total assets
$
2,352,701 
$
2,902,853 
Liabilities
Borrowings
     Unsecured Notes
$
778,013 
$
991,585 
     Holdings Credit Facility
391,446 
420,063 
     SBA-guaranteed debentures
120,000 
196,205 
     NMFC Credit Facility
30,212 
81,074 
     Deferred financing costs (net of accumulated amortization of $50,994 and $45,302, respectively)
(15,470)
(17,875)
Net borrowings
1,304,201 
1,671,052 
Derivative liability at fair value
9,296 
366 
Interest payable
7,454 
11,892 
Management fee payable
7,312 
9,176 
Incentive fee payable
4,160 
3,018 
Deferred tax liability
1,838 
1,819 
Payable for unsettled securities purchased
168 
463 
Payable to broker
— 
14,630 
Other liabilities
4,064 
2,181 
Total liabilities
1,338,493 
1,714,597 
Commitments and contingencies
Net assets
Preferred stock, par value $0.01 per share, 2,000,000 shares authorized, none issued
— 
— 
Common stock, par value $0.01 per share, 200,000,000 shares authorized, 107,851,929 and 107,851,929 shares issued, respectively, and 94,452,390 and 102,638,388 shares outstanding, respectively
1,079 
1,079 
Paid in capital in excess of par
1,354,726 
1,354,726 
Treasury stock at cost, 13,399,539 and 5,213,541 shares held, respectively
(117,515)
(51,952)
Accumulated overdistributed earnings
(230,243)
(121,676)
Total net assets of New Mountain Finance Corporation
$
1,008,047 
$
1,182,177 
Non-controlling interest in New Mountain Net Lease Corporation
6,161 
6,079 
Total net assets
$
1,014,208 
$
1,188,256 
Total liabilities and net assets
$
2,352,701 
$
2,902,853 
Number of shares outstanding
94,452,390 
102,638,388 
Net asset value per share of New Mountain Finance Corporation
$
10.67 
$
11.52 
5

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New Mountain Finance Corporation
Consolidated Statements of Operations
(in thousands, except shares and per share data)
(unaudited)
Three Months Ended
Nine Months Ended
September 30, 2026
September 30, 2025
September 30, 2026
September 30, 2025
Investment income
From non-controlled/non-affiliated investments:
Interest income (excluding Payment-in-kind ("PIK") interest income)
$
35,311 
$
49,811 
$
110,509 
$
155,508 
PIK interest income
3,602 
2,968 
8,497 
8,812 
Dividend income
147 
179 
2,304 
1,242 
Non-cash dividend income
1,272 
4,026 
3,464 
12,432 
Other income
1,349 
1,436 
4,368 
3,640 
From non-controlled/affiliated investments:
Interest income (excluding PIK interest income)
324 
322 
959 
989 
PIK interest income
1,330 
1,132 
3,774 
3,176 
Dividend income
689 
— 
689 
— 
Non-cash dividend income
352 
304 
1,753 
2,279 
Other income
63 
63 
188 
188 
From controlled investments:
Interest income (excluding PIK interest income)
1,594 
1,665 
6,511 
5,172 
PIK interest income
1,694 
3,505 
4,907 
10,093 
Dividend income
8,671 
11,818 
31,285 
36,199 
Non-cash dividend income
3,555 
2,925 
10,165 
7,374 
Other income
461 
375 
1,310 
2,578 
Total investment income
60,414 
80,529 
190,683 
249,682 
Expenses
Interest and other financing expenses
22,867 
31,720 
72,845 
94,232 
Management fee
7,312 
9,619 
22,880 
29,611 
Incentive fee
5,548 
7,345 
17,417 
23,563 
Professional fees
894 
924 
2,978 
3,413 
Administrative expenses
806 
916 
2,771 
3,204 
Other general and administrative expenses
681 
478 
1,755 
1,325 
Total expenses
38,108 
51,002 
120,646 
155,348 
Less: management and incentive fees waived
(1,387)
(4,544)
(8,932)
(8,952)
Net expenses
36,721 
46,458 
111,714 
146,396 
Net investment income before income taxes
23,693 
34,071 
78,969 
103,286 
Income tax expense
— 
29 
23 
18 
Net investment income
23,693 
34,042 
78,946 
103,268 
Net realized (losses) gains:
Non-controlled/non-affiliated investments
(530)
8 
(58,933)
12,324 
Controlled investments
(2)
1 
(18,593)
38,899 
Net change in unrealized appreciation (depreciation):
Non-controlled/non-affiliated investments
(14,408)
(8,977)
(46,117)
(33,783)
Non-controlled/affiliated investments
(1,946)
(9,736)
4,186 
(23,555)
Controlled investments
(2,905)
(2,851)
18,937 
(53,833)
Securities purchased under collateralized agreements to resell
— 
— 
(7,800)
— 
Foreign currency
9 
(120)
(97)
482 
Provision for taxes
(168)
(25)
(22)
(68)
Net realized and unrealized losses
(19,950)
(21,700)
(108,439)
(59,534)
Net increase (decrease) in net assets resulting from operations
3,743 
12,342 
(29,493)
43,734 
6

picture1.jpg
Less: Net increase in net assets resulting from operations related to non-controlling interest in New Mountain Net Lease Corporation
(264)
(153)
(699)
(358)
Net increase (decrease) in net assets resulting from operations related to New Mountain Finance Corporation
$
3,479 
$
12,189 
$
(30,192)
$
43,376 
Basic earnings (loss) per share
$
0.04 
$
0.11 
$
(0.31)
$
0.40 
Weighted average shares of common stock outstanding - basic
94,452,390 
106,016,542 
96,471,368 
107,199,318 
Diluted earnings (loss) per share
$
0.04 
$
0.11 
$
(0.31)
$
0.40 
Weighted average shares of common stock outstanding - diluted
94,452,390 
125,036,696 
96,471,368 
126,201,036 
Distributions declared and paid per share
$
0.25 
$
0.32 
$
0.82 
$
0.96 

7

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ABOUT NEW MOUNTAIN FINANCE CORPORATION
New Mountain Finance Corporation (NASDAQ: NMFC) is focused on providing direct lending solutions to U.S. upper middle market companies backed by top private equity sponsors. Our investment objective is to generate current income and capital appreciation through the sourcing and origination of senior secured loans and select junior capital positions, to growing businesses in defensive industries that offer attractive risk-adjusted returns. Our differentiated investment approach leverages the deep sector knowledge and operating resources of New Mountain Capital, a global investment firm with approximately $60 billion of assets under management.
ABOUT NEW MOUNTAIN CAPITAL
New Mountain Capital ("NMC") is a New York-based investment firm that emphasizes business building and growth, rather than debt, as it pursues long-term capital appreciation. The firm currently manages private equity, credit and net lease investment strategies with approximately $60 billion in assets under management. New Mountain seeks out what it believes to be the highest quality growth leaders in carefully selected industry sectors and then works intensively with management to build the value of these companies. For more information on New Mountain Capital, please visit http://www.newmountainfinance.com.
FORWARD-LOOKING STATEMENTS
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 changes in base interest rates and significant volatility on our business, portfolio companies, our industry and the global economy. Actual results and outcomes may differ materially from those anticipated in the forward-looking statements as a result of a variety of factors, including those described from time to time in our filings with the Securities and Exchange Commission or factors that are beyond our control. New Mountain Finance Corporation undertakes no obligation to publicly update or revise any forward-looking statements made herein, except as may be required by law. All forward-looking statements speak only as of the time of this press release.
CONTACT
New Mountain Finance Corporation
Investor Relations
Laura C. Holson, Authorized Representative
NMFCIR@newmountaincapital.com
(212) 220-3505

8

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