New Mountain Finance reports Q1 NII 32c, consensus 32c

Reports net asset value of $12.45 per share compared to $12.55 per share as of December 31, 2024. The company said, “New Mountain’s strategy of investing in defensive sectors positions NMFC for continued success in what has become a more volatile operating environment. We believe that, relative to other credit funds, NMFC is notably well positioned for tariff and other political issues. NMFC maintained strong credit performance in Q1, with over 96% of the portfolio rated green. Looking ahead, we remain confident in NMFC’s ability to deliver consistent yield with an enhanced margin of safety. Additionally, we have made meaningful progress on our strategic priorities including PIK reduction, diversifying our top investments and reducing the cost of our liabilities.”