other material
confidence high
sentiment positive
materiality 0.60
New Mountain Finance extends mgmt fee waiver to 1.25% through Dec 2024
New Mountain Finance Corp
- Adviser extends reduced base management fee of 1.25% of gross assets (vs. standard 1.4%) through quarter ending Dec 31, 2024.
- Previously set to expire Dec 31, 2023; extension adds one year of fee relief.
- Reduced fee effective retroactively from Q1 2021; no change to incentive fees.
- Standard 1.4% rate resumes for quarter ending Mar 31, 2025 unless further modified.