NMFC News and Press, New Mountain Finance Corporation From 09/27/23

2023-09-27 08:10:00 ET Summary New Mountain Finance has a stable NAV/share and a healthy portfolio, outperforming the S&P 500 in total returns over the past 5 years. NMFC benefits from higher interest rates and has a healthy balance sheet, making it an attractive investment fo...

2023-09-19 05:30:00 ET Summary This is a series of articles discussing retirement portfolios using BDCs currently yielding around 12% and their safer notes, baby bonds/preferred shares with yield-to-maturities ranging from 6% to 9%. We discuss the interest expense and asset covera...

2023-09-18 05:30:00 ET Summary This is a series of articles discussing retirement portfolios using BDCs currently yielding around 12% and their safer notes, baby bonds/preferred shares with yield-to-maturities ranging from 6% to 9%. This article discusses the interest expense and ...

2023-08-30 10:42:15 ET Summary Prospect Capital Corporation reported results yesterday but has delayed its 10-K filing likely for the reason discussed below. Prospect Capital is currently trading at the lowest multiple of NAV (35% discount) due to being a lower-quality business de...

2023-08-29 07:58:57 ET Summary One of the largest mistakes that investors make is focusing on historical dividend coverage instead of projected dividend coverage. This article discusses ARCC's dividend coverage comparing the recently reported results to my base, best, and worst pr...

2023-08-22 13:04:27 ET Summary Many BDCs have been reducing their fee structures, which has been attracting higher quality and institutional investors to the sector. We recently sent out a "Buy" recommendation discussing GBDC's reduction in management fees driving increased divide...

2023-08-12 07:22:44 ET Summary We take a look at the action in business development companies through the first week of August and highlight some of the key themes we are watching. BDCs were flat on the week which was good enough for one of the best results in the broader income s...

2023-08-03 18:15:09 ET New Mountain Finance Corporation (NMFC) Q2 2023 Earnings Conference Call August 8, 2023 12:00 PM ET Company Participants John Kline - President and Chief Executive Officer Laura Holson - Chief Operating Officer, Chief Financial Officer, and Tre...

2023-08-03 06:15:00 ET Summary This article discusses dividend coverage for two of the larger and more well-known BDCs currently yielding around 10% including supplemental dividends. I own both of these for the reasons discussed below including credit quality, previous dividend in...

2023-08-02 17:14:29 ET New Mountain Finance press release ( NASDAQ: NMFC ): Q2 net investment income per share of $0.39 beats by $0.01 . Total investment income of $95.5M (+30.6% Y/Y) beats by $3.73M . Net asset value per share of $13.14, in...