NMFC Q4 adjusted NII $0.35/share, NAV $13.02; CFO resigns; $0.32 dividend

New Mountain Finance Corp

2022-FY EPS reported $0.74

Q4 adjusted NII $0.35/share (GAAP NII $0.25); total investment income $73.9M, up from $67.8M YoY.
NAV per share $13.02, down from $13.20 at Sept 30, 2022; portfolio fair value $3.24B in 108 companies.
CFO Shiraz Y. Kajee resigns effective April 1, 2023; Laura C. Holson appointed interim CFO (also COO).
Declared Q1 2023 distribution $0.32/share payable March 31; introduced supplemental dividend program for excess earnings.
Full year 2022 net realized/unrealized losses $43.8M vs gains $83.9M in 2021; statutory debt/equity 1.29x.

item 2.02 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Shiraz Y. Kajee

Chief Financial Officer and Treasurer

NMFC · New Mountain Finance Corp

Effective: 2023-04-01
Successor: Laura C. Holson
Filed: February 27, 2023, 6:59 PM ET

On February 27, 2023, the Company’s board of directors received and accepted the resignation of Shiraz Y. Kajee as Chief Financial Officer and Treasurer, to become effective April 1, 2023.

Appointed (interim)

Laura C. Holson

interim Chief Financial Officer and Treasurer

NMFC · New Mountain Finance Corp

Effective: 2023-04-01
Filed: February 27, 2023, 6:59 PM ET

The Company’s board of directors will appoint Laura C. Holson as the interim Chief Financial Officer and Treasurer of the Company upon Mr. Kajee’s departure, which would become effective April 1, 2023, until the Company completes its search for Mr. Kajee’s permanent successor.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.7

New Mountain Finance Corp reported the year ended December 31, 2022 results: revenue $293.4 million.

Period: the year ended December 31, 2022
Revenue: $293.4 million
Result: reported results

Exact text from the filing

The Company’s total investment income for the years ended December 31, 2022 and 2021 was $293.4 million and $269.6 million, respectively.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

New Mountain Finance Corp reported the quarter ended December 31, 2022 results: revenue $73.9 million, net income $25.0 million, EPS $0.25 per share.

Period: the quarter ended December 31, 2022
Revenue: $73.9 million
Net income: $25.0 million
EPS: $0.25 per share
Result: reported results

Exact text from the filing

The Company’s total investment income for the three months ended December 31, 2022 and 2021 was $73.9 million and $67.8 million, respectively. The Company’s total net expenses, after income tax expense, for the three months ended December 31, 2022 and 2021 were $48.9 million and $38.2 million, respectively. The Company's NII for the three months ended December 31, 2022 and 2021 was $25.0 million and $29.6 million, respectively. The Company's NII per share for the three months ended December 31, 2022 and 2021 was $0.25 and $0.31, respectively.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Shiraz Y. Kajee resigned as Chief Financial Officer and Treasurer at New Mountain Finance Corp.

Action: resigned
Role: Chief Financial Officer and Treasurer

Exact text from the filing

On February 27, 2023, the Company’s board of directors received and accepted the resignation of Shiraz Y. Kajee as Chief Financial Officer and Treasurer, to become effective April 1, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Laura C. Holson was appointed as interim Chief Financial Officer and Treasurer at New Mountain Finance Corp.

Action: appointed
Role: interim Chief Financial Officer and Treasurer

Exact text from the filing

The Company’s board of directors will appoint Laura C. Holson as the interim Chief Financial Officer and Treasurer of the Company upon Mr. Kajee’s departure, which would become effective April 1, 2023, until the Company completes its search for Mr. Kajee’s permanent successor.

View on SEC.gov

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New Mountain Finance Corp filing history →

Source: SEC EDGAR

accession 0001104659-23-026074

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