NMFC News and Press, New Mountain Finance Corporation From 02/24/21

New Mountain Finance Corporation (NASDAQ: NMFC) (the "Company", "we", "us" or "our") today announced its financial results for the quarter and year ended December 31, 2020 and reported fourth quarter net investment income of $0.30 per weighted average share. At December 31, 2020, net as...

When the pandemic hit last year, this higher-yield sector took a huge pricing hit with dividend yields soaring to 30% to 40%. I was actively making purchases during this volatility as I have identified the Business Development Companies ("BDCs") that will outperform during an economic...

When the pandemic hit last year this higher yield sector took a huge pricing hit with dividend yields soaring to 30% to 40%. The average dividend yield among Business Development Companies ("BDCs") was around 20% for most of March 2020. I was actively making purchases during this ...

New Mountain Finance Corporation (Nasdaq: NMFC) (the "Company", “NMFC”, or "our") announced today that on January 29, 2021, it closed on a private placement of $200 million in aggregate principal amount of 3.875% Series 2021A Unsecured Notes due January 29, 2026 (the ...

On January 13, 2021, ARCC closed an offering of $650 million of its 2.150% unsecured notes. Included in the SEC filings related to the offering were Q4 2020 preliminary results. This article discusses the details included in the SEC filings as well as portfolio credit quality and rece...

New Mountain Finance Corporation (Nasdaq: NMFC) (“NMFC” or “the Company”) today announced that it will release its financial results for the quarter ended December 31, 2020 on Wednesday, February 24, 2021 after the close of the U.S. financial markets. Additio...

New Mountain Finance's (NMFC) board authorizes the extension of the company's program to repurchase up to $50M of its common stock.Unless further extended, the company expects the repurchase program to remain in place until Dec. 31, 2021 or until $50M of NMFC's shares have been repurchased, w...

New Mountain Finance (NMFC) extends its buyback program for the repurchase of up to $50M to Dec. 31, 2021. To date, the company has repurchased ~$2.9M worth of shares under the program."New Mountain Finance is now smaller, but stronger," writes Bashar Issa on Seeking Alpha. For fu...

As a follow-up to "Oasis Of Dividends From This 10.8% Yielding Sector," this article discusses return and expense ratios for BDCs many with sustainable dividend yields of 8% to 12%. Each quarter, I assess which BDCs have the highest return ratios and why. BDCs with lower expenses ...

The average BDC is currently yielding 10.8% with an average dividend coverage ratio of 110% for Q3 2020 and improving net interest margins. This article discusses one of the BDCs that I recently purchased currently yielding 12.1% annually taking into account the special dividend annou...