New Mountain Finance sells $468M in assets at 6% loss, slashes dividend 22%, accelerates buybacks

Filed May 4, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 5, 2025 · ~2 min read

Key Changes

• high

  Company sold approximately $468 million of portfolio assets at 94% of fair value in Q1 2026, driving $81.4 million in realized and unrealized losses versus $11.1 million in Q1 2025. NAV declined 22% year-over-year to $1,043.5 million.

  MD&A: Asset Sale & Portfolio Performance verify on EDGAR →
• high

  Quarterly dividend cut to $0.25 per share from $0.32 (22% reduction) as investment income fell 20% to $68.8 million. Investment Adviser waived entire $6.1 million incentive fee versus partial waiver in prior year.

  MD&A: Distribution & Fee Waiver verify on EDGAR →
• high

  Repurchased 7.1 million shares for $56.6 million in Q1 2026 at average price of $8.01, versus zero repurchases in Q1 2025. Board expanded authorization to $150 million total with $79.5 million remaining post-quarter.

  Controls: Stock Repurchase Program verify on EDGAR →