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New Mountain Finance Corporation Announces Financial Results for the Quarter and Year Ended December 31, 2021, Reports Fourth Quarter 2021 Net Investment Income of $0.31 per Share, Declares First Quarter 2022 Distribution of $0.30 per Share
NEW YORK--(BUSINESS WIRE)-- New Mountain Finance Corporation (NASDAQ: NMFC) (the "Company", "we", "us" or "our") today announced its financial results for
About this update from New Mountain Finance Corporation
[{"type":"text","content":" NEW YORK--(BUSINESS WIRE)--\nNew Mountain Finance Corporation (NASDAQ: NMFC) (the \"Company\", \"we\", \"us\" or \"our\") today announced its financial results for the quarter and year ended December 31, 2021 and reported fourth quarter net investment income of $0.31 per weighted average share. At December 31, 2021, net asset value (“NAV”) per share was $13.49, compared to $13.26 at September 30, 2021 and $12.62 at December 31, 2020. The Company also announced that its board of directors declared a first quarter distribution of $0.30 per share, which will be payable on March 31, 2022 to holders of record as of March 17, 2022. For additional details related to the quarter and year ended December 31, 2021, please refer to the New Mountain Finance Corporation Form 10-K filed with the SEC and the supplemental investor presentation which can be found on the Company's website at http://www.newmountainfinance.com.\n\nSelected Financial Highlights\n\n\n(in thousands, except per share data)\nDecember 31, 2021\n\n\n\n\nInvestment Portfolio(1)\n$\n\n3,195,786\n\n\n\n\n\n\nTotal Assets\n$\n\n3,295,812\n\n\n\n\n\n\nTotal Statutory Debt(2)\n$\n\n1,626,872\n\n\n\n\n\n\nNAV(3)\n$\n\n1,321,245\n\n\n\n\n\n\n\n\n\n\n \n\n\nNAV per Share\n$\n\n13.49\n\n\n\n\n\n\nStatutory Debt/Equity\n\n1.23x\n\n\n\n\n\n\n\n\n \n\n\nInvestment Portfolio Composition\nDecember 31, 2021\n\nPercent of Total\n\n\nFirst Lien\n$\n\n1,657,815\n\n\n\n\n51.9\n\n\n\n%\n\n\n\n\nSecond Lien(1)\n\n\n648,778\n\n\n\n\n20.3\n\n\n\n%\n\n\n\n\nSubordinated\n\n\n50,742\n\n\n\n\n1.6\n\n\n\n%\n\n\n\n\nPreferred Equity\n\n\n151,545\n\n\n\n\n4.7\n\n\n\n%\n\n\n\n\nInvestment Fund\n\n\n252,400\n\n\n\n\n7.9\n\n\n\n%\n\n\n\n\nCommon Equity and Other(4)\n\n\n434,506\n\n\n\n\n13.6\n\n\n\n%\n\n\n\n\nTotal\n$\n\n3,195,786\n\n\n\n\n100.0\n\n\n\n%\n\n\n\n\n___________\n\n\n\n(1) Includes collateral for securities purchased under collateralized agreements to resell.\n(2) Excludes the Company’s United States (“U.S.”) Small Business Administration (“SBA”)-guaranteed debentures. Includes premium received on additional convertible notes issued in June 2019.\n(3) Excludes non-controlling interest in New Mountain Net Lease Corporation (“NMNLC”).\n(4) Includes investments held in NMNLC.\n\n\n\n\nWe believe that the strength of the Company’s unique investment strategy – which focuses on middle market defen...