NMFC Q2 NII $0.36/share; NAV $12.74; plans permanent mgmt fee cut to 1.25%

New Mountain Finance Corp

2024-Q2 EPS reported $0.56

Net investment income of $38.2M ($0.36/share); NAV per share $12.74 vs $12.77 prior quarter.
Portfolio 97.0% rated green (up from 96.5%); $437.3M gross originations, $299.1M repayments.
Plan to permanently reduce base management fee to 1.25%; repriced Wells Fargo facility to S+2.15%.
Declared regular Q3 distribution $0.32/share and supplemental $0.02/share, payable Sept 30.

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