Know the company
Company overview
New Mountain Finance lends to private middle-market businesses and collects interest and fees. It funds those investments with shareholder capital and borrowings. After financing and operating costs, adjusted net investment income is the recurring earnings measure it reports for the dividend question. Gains on investments can help, but the dependable part of the income case comes from loans that keep paying.
- Business
- BDC
- Listing
- NMFC · XNAS
- Reporting period
- 2026-06-30
- Dividend schedule
- Quarterly
How the business works
Cash interest collections on portfolio loans are the main input to adjusted net investment income. The company then pays interest on its own borrowings, covers management and operating costs, and retains or distributes the remaining income. Portfolio repayments can provide capital for reinvestment, while credit problems can interrupt cash interest payments, produce non-accrual loans and reduce future income. The sustainability of the distribution therefore depends on both portfolio income and the cost and availability of the company's financing.
New Mountain Finance Corporation: 10-Q supporting reported earnings