NMFX News and Press, New Mountain Finance Corporation 5.75% Notes due 2023 From 06/14/20

Introduction: Over the coming months, I will have a series of articles discussing how to build a retirement portfolio using Business Development Companies ("BDCs") currently yielding over 12% and their safer notes - baby bonds/preferred shares with yield-to-maturities ranging from 6.5% t...

Business Development Companies ("BDCs") were created by Congress in 1980 to give investors an opportunity to invest in private small- and mid-sized U.S. companies typically overlooked by banks. The following slide from ARCC breaks out many of the requirements of the BDC/RIC structure inclu...

Quick Article Follow-Up As mentioned earlier this month in " Heavily-Discounted Monthly Dividend Payer ," Business Development Companies continue to trade at depressed values for many reasons including being considered small-cap, financial sector, and high yield, all of which have been ...

New Mountain Finance Corporation (NMFC) Q1 2020 Earnings Conference Call May 7, 2020 10:00 AM ET Company Participants Rob Hamwee – Chief Executive Officer Steve Klinsky – Chairman, NMFC and Chief Executive Officer, New Mountain Capital John Kline – President ...

The following slide deck was published by New Mountain Finance in conjunction with their 2020 Q1 earnings Read more ...

Unfortunately, one of my favorite ideas going into the year turned out to be a dud as the COVID pandemic came like a storm. These are business development companies which are found under the VanEck Vectors BDC Income ETF (BIZD). These companies are usually levered 2-3X and lend at high yield...

New Mountain Finance Corporation (NMFC) Q4 2019 Earnings Conference Call February 27, 2020 10:00 AM ET Company Participants Rob Hamwee – Chief Executive Officer John Kline – President and Chief Operating Officer Shiraz Kajee – Chief Financial Officer Confe...

The following slide deck was published by New Mountain Finance in conjunction with their 2019 Q4 earnings Read more ...

MRCC Article Follow-Up: As mentioned in " Why Investors Are Selling 12% Yielding Monroe Capital ," Monroe Capital ( MRCC ) is likely going to report credit problems that will likely drive an upcoming dividend reduction in 2020. Clearly, investors agreed and continued to sell the stock:...

The other day I covered business development companies in " BIZD: As High-Yield Credit Spreads Fall, BDCs Will Perform Well " that explained why I believe BDCs are a solid bet over the next few months and how the ETF BIZD is a decent way to make that bet. While I like BIZD, I believe that ...