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Get filing alertsNMFC reports Q2 adjusted NII of $0.26/share, NAV slips to $10.89, declares $0.25 Q3 distribution
Filed August 3, 2026 · Period ending August 3, 2026 · ~1 min read
Key Changes
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Q2 2026 adjusted net investment income of $24.7M ($0.26/share), down from $0.32/share in Q2 2025; NAV declined to $10.89/share from $10.92 at March 31, 2026.
Exhibit 99.1 view on EDGAR → -
high
Declared Q3 2026 distribution of $0.25/share (14.5% annualized yield at July 31 closing price), payable September 30 to holders of record September 16.
Exhibit 99.1 view on EDGAR → -
high
Portfolio credit quality improved: non-accruals fell from 2.6% of fair value in Q1 to 1.5% in Q2; 88% of portfolio rated Green (performing in-line or above expectations).
Exhibit 99.1 view on EDGAR → -
medium
Extended NMFC Credit Facility maturity to July 2031, providing longer-term financing flexibility; $30.4M outstanding with $668.5M total available capacity across all facilities.
Exhibit 99.1 view on EDGAR → -
medium
Insider ownership now 18% of shares outstanding; management priorities include selling equity positions, reducing PIK income, and increasing portfolio diversification.
Exhibit 99.1 view on EDGAR →
Summary
New Mountain Finance reported second quarter 2026 results showing modest pressure on earnings and NAV. Adjusted net investment income of $0.26 per share declined from $0.32 in the prior-year quarter, while NAV edged down to $10.89 from $10.92 at March 31. The company maintained its quarterly distribution at $0.25 per share, yielding 14.5% annualized at recent trading prices.
The quarter showed meaningful improvement in portfolio credit quality, with non-accruals declining from 2.6% to 1.5% of fair value and 88% of holdings rated Green on the internal risk heatmap. Management extended the credit facility maturity to July 2031 and disclosed that insiders now own 18% of shares outstanding.
Strategic priorities include monetizing equity positions, reducing payment-in-kind income, and diversifying the portfolio—steps that could improve earnings quality and reduce concentration risk. The combination of a high distribution yield and improving credit metrics may appeal to income-focused investors, though the NAV decline and lower NII warrant attention.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
New Mountain Finance Corp announced Q2 2026 financial results via press release.
Added in current filing · verify on EDGAR →
On August 3, 2026, New Mountain Finance Corporation (“NMFC” or the “Company”) issued a press release announcing financial results for its quarter ended June 30, 2026.
The company disclosed its second quarter 2026 financial results through a press release. The 8-K itself does not contain the actual financial figures — those are in the attached Exhibit 99.1 press release, which is not included in the provided text. This is a standard earnings announcement filing under Item 2.02.
Event · Exhibit 99.1
NMFC reports Q2 2026 adjusted NII of $0.26/share, NAV of $10.89/share, declares Q3 distribution of $0.25/share, and extends credit facility maturity to July 2031.
Added in current filing · view on EDGAR →
Adjusted net investment income1 of $24.7 million, or $0.26 per weighted average share
•Net asset value of $10.89 per share compared to $10.92 per share as of March 31, 2026
NMFC reported adjusted net investment income of $24.7 million ($0.26 per share) for Q2 2026, down from $0.32 per share in Q2 2025. Net asset value declined modestly to $10.89 per share from $10.92 at March 31, 2026. The company's investment portfolio totaled $2,295.5 million across 113 portfolio companies with a weighted average yield to maturity at cost of approximately 11.1%.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 4, 2026 · How we verify