This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

New Mountain Finance Corporation Announces Financial Results For The Third Quarter Ended September 30, 2011 And Declares Fourth Quarter 2011 Dividend Of $0.30 Per Share

New Mountain Finance Corporation (NYSE: NMFC) (the "Company", "we", "us" and "our") today announced its financial results for the third quarter ended September 30, 2011 and reported Adjusted Net Investment Income of New Mountain Finance Holdings, L.L.C. (the “Operating Company”) of $0.29 per share. The Company also announced that its Board of Directors declared a fourth quarter 2011 dividend of $0.30 per share. The fourth quarter dividend will be payable on December 30, 2011 to holders of record as of December 15, 2011 and is in-line with the Operating Company’s estimated Adjusted Net Investment Income per share for the quarter ended December 31, 2011.

Except where noted otherwise, all financial information shown is that of the Operating Company. Also, please note that share and unit are used interchangeably.
Selected Financial Highlights
(in thousands, except per share/unit data)
September 30, 2011
Investment Portfolio $ 604,334
Total Assets $ 641,581
Net Asset Value (“NAV”) $ 411,921
NAV per Share/Unit $ 13.32
Investment Portfolio Composition: September 30, 2011 Percent of Total
First Lien $ 383,083 63.4 %
Second Lien $ 192,152 31.8 %
Subordinated $ 28,697 4.7 %
Equity and Other $ 402   0.1 %
Total $ 604,334
Three months ended Three months ended
September 30, 2011 Adjustments * September 30, 2011
Investment Income $ 15,069 $ (1,190 ) $ 13,879
Net Investment Income $ 10,002 $ (1,190 ) $ 8,812
Net Realized and Unrealized Gain (Loss) $ (21,255 ) $ 1,190 $ (20,065 )
Net (Decrease) Increase in Capital resulting from Operations $ (11,253 ) $ (11,253 )
Net Investment Income per Share/Unit $ 0.29

The strength of the Operating Company’s unique investment strategy – which focuses on acyclical “defensive growth” companies that are well researched by New Mountain Capital, L.L.C., a leading private equity firm – is underscored by continued strong credit performance, including the fact that the Operating Company has zero payment defaults, non-performing loans or performance losses since its inception in October 2008.

1 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs