other material
confidence high
sentiment positive
materiality 0.60
NMFC reduces base management fee from 1.40% to 1.25% of gross assets
New Mountain Finance Corp
- Base management fee cut from 1.40% to 1.25% of gross assets, effective Jan 29, 2025.
- No other changes to Investment Management Agreement; incentive fee structure unchanged.
- Annualized fee reduction of 0.15% of gross assets lowers ongoing shareholder expense.