Welcome to our dedicated page for New Mountain Finance news (Ticker: NMFC), a resource for investors and traders seeking the latest updates and insights on New Mountain Finance stock.
New Mountain Finance Corp (NMFC) provides investors with strategic exposure to debt securities and structured equity investments. This news hub delivers verified updates about the company's financial positioning and market activities.
Access timely press releases covering earnings announcements, regulatory filings, and portfolio adjustments. Our curated collection includes details on debt instrument origination, mezzanine financing developments, and leadership updates directly impacting NMFC's investment strategies.
Key resources include quarterly earnings analyses, SEC Form 10-K/Q filings, and strategic partnership announcements. Bookmark this page for streamlined tracking of NMFC's non-diversified investment activities across first-lien debt positions and private equity exposures.
New Mountain Finance (NASDAQ: NMFC) announced that it will release its second quarter 2024 financial results on July 31, 2024, after market close. The company will host an earnings conference call and webcast on August 1, 2024, at 10:00 am Eastern Time. During this call, company officers will review the quarter's performance, discuss recent events, and answer questions. Dial-in numbers for the live call are provided for both U.S. and international participants. A replay of the conference call will be available starting one hour after the call ends, accessible through November 1, 2024, and the full webcast replay will be available until August 1, 2025.
New Mountain Finance (NMFC) reported net investment income of $0.36 per share for the quarter ended March 31, 2024. The company declared a regular second quarter distribution of $0.32 per share and a supplemental distribution of $0.02 per share. Despite a slight decline in net asset value from $12.87 to $12.77 per share, the company saw an improvement in its internal risk rating with 96.5% of the portfolio rated green. NMFC de-levered from 1.14x to 1.08x, showing financial stability. The company generated $191.8 million of originations and managed its cash repayments effectively. With a focus on defensive growth investments, NMFC continues to deliver stable earnings and strong credit performance, reflecting its strategic investments in high-quality companies.
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