Financial Position - As of September 30, 2025, the company's net asset value was approximately $1,256.6 million, with a portfolio fair value of approximately $2,943.6 million across 126 portfolio companies[430]. - The company raised approximately $1,034.6 million in net proceeds from additional offerings of common stock since its IPO[422]. - As of September 30, 2025, the asset coverage ratio was 179.1%, allowing the company to borrow $2 for every $1 of equity[506]. - The company had outstanding commitments to fund investments totaling $255.9 million as of September 30, 2025[512]. - Total contractual obligations amount to $1,784.1 million, with $476.7 million due in less than 1 year[518]. - Cash and cash equivalents were approximately $63.7 million as of September 30, 2025, down from $80.3 million as of December 31, 2024[508]. Investment Performance - The weighted average yield to maturity at cost for income-producing investments was approximately 10.4%, while the overall yield to maturity at cost for all investments was approximately 10.0%[430]. - As of September 30, 2025, the fair value of the company's investments was approximately $2,943.6 million across 126 portfolio companies, down from approximately $3,091.0 million in 120 portfolio companies at December 31, 2024[492]. - Total investment income for the three months ended September 30, 2025, was approximately $80.5 million, a decrease of about $14.8 million or 16% compared to $95.3 million for the same period in 2024[494]. - For the nine months ended September 30, 2025, total investment income was approximately $249.7 million, reflecting a decrease of about $30.8 million or 11% from $280.5 million in the same period in 2024[499]. - The company reported net realized and unrealized losses of approximately $21.7 million for the three months ended September 30, 2025, compared to a net loss of approximately $11.5 million for the same period in 2024[496]. - Net realized gains on investments were $51.2 million for the nine months ended September 30, 2025, compared to net realized losses of $43.5 million for the same period in 2024[501]. - The company reported a net loss of approximately $59.5 million for the nine months ended September 30, 2025, compared to a net loss of $24.6 million for the same period in 2024[501]. Portfolio Composition - As of September 30, 2025, the top five industry concentrations in the company's portfolio were software, business services, healthcare, investment funds, and consumer services[429]. - The company primarily invests in senior secured debt of U.S. sponsor-backed middle market companies, defined as those with annual EBITDA of $10 million to $200 million[428]. - SLP III had total investments with an aggregate fair value of approximately $758.0 million, up from $715.1 million as of December 31, 2024[458]. - SLP IV had total investments with a fair value of approximately $525.3 million, up from $469.3 million as of December 31, 2024, representing a growth of 11.5%[466]. - The number of portfolio companies in SLP III decreased slightly to 89 from 90 year-over-year[459]. - The number of portfolio companies in SLP IV increased to 87 as of September 30, 2025, compared to 79 as of December 31, 2024, indicating a growth of 10.1%[467]. Debt and Financing - On October 15, 2025, the company repaid the outstanding principal of $258.7 million on the 2022 Convertible Notes[433]. - The board of directors authorized a stock repurchase program of up to $100.0 million, expected to be in place until December 31, 2026, or until the full amount is repurchased[434]. - The company entered into a Third Amended and Restated Uncommitted Revolving Loan Agreement, extending the maturity date from December 31, 2027, to December 31, 2030[435]. - SLP IV's maximum borrowing capacity was increased to $600.0 million as of July 11, 2025, up from $370.0 million prior to the amendment[465]. - The Holdings Credit Facility had outstanding borrowings of $308.1 million as of September 30, 2025, with approximately $421.9 million of available capacity remaining[514]. Interest Rate Exposure - Approximately 85.39% of the company's investments at fair value are floating-rate investments, while 14.61% are fixed-rate investments as of September 30, 2025[531]. - The company's senior secured revolving credit facilities are subject to floating interest rates based on SOFR, SONIA, or EURIBOR rates[531]. - A decrease of 200 basis points in interest rates could lead to a 15.77% reduction in interest and dividend income net of interest expense[534]. - An increase of 200 basis points in interest rates could result in a 15.77% increase in interest and dividend income net of interest expense[534]. - The potential impact of interest rate changes on net investment income is significant, with a high interest rate environment potentially increasing income[531]. - A prolonged low interest rate environment could compress the difference between interest income and interest expense, adversely affecting operating results[531]. Distributions and Dividends - Distributions declared and paid to stockholders for the nine months ended September 30, 2025, totaled approximately $102.8 million[519]. - The company declared a total of $0.96 per share in distributions for the fiscal year ended December 31, 2025[519]. - For the fiscal year ended December 31, 2024, total distributions were $147.2 million, with 75.68% classified as ordinary income[519]. - The company has a dividend reinvestment plan allowing stockholders to reinvest cash distributions in additional shares[522]. - The company intends to distribute approximately all of its net investment income on a quarterly basis and substantially all of its taxable income annually[521]. Management and Fees - Management fees for the three months ended September 30, 2025, totaled $9.6 million, down from $10.7 million in the same period in 2024, primarily due to a lower invested asset base[495]. - The company has entered into a fee waiver agreement with the Investment Adviser, reducing management fees through December 31, 2024[525].

Financial Performance - Net investment income for Q3 2025 was $33.9 million, or $0.32 per weighted average share, compared to $0.33 per share in Q3 2024[3] - Total investment income for the three months ended September 30, 2025, was $80,529,000, down 15.5% from $95,327,000 for the same period in 2024[24] - Net investment income before income taxes for the nine months ended September 30, 2025, was $103,286,000, compared to $111,734,000 for the same period in 2024, reflecting a decrease of about 7.6%[24] - Basic earnings per share for the three months ended September 30, 2025, was $0.11, down from $0.22 in the same period of 2024, a decline of 50%[25] - Net increase in net assets resulting from operations related to New Mountain Finance Corporation was $12,189,000 for the three months ended September 30, 2025, compared to $23,889,000 for the same period in 2024, a decrease of about 49.1%[25] Asset and Liability Management - The net asset value (NAV) per share decreased to $12.06 as of September 30, 2025, from $12.21 as of June 30, 2025[5] - Total assets decreased to $3,088,909,000 as of September 30, 2025, from $3,246,701,000 as of December 31, 2024, representing a decline of approximately 4.9%[21] - Total liabilities decreased to $1,826,243,000 as of September 30, 2025, from $1,887,410,000 as of December 31, 2024, a reduction of approximately 3.2%[21] - The net asset value per share of New Mountain Finance Corporation was $12.06 as of September 30, 2025, compared to $12.55 as of December 31, 2024, a decrease of about 3.9%[21] Investment Portfolio - Approximately 95% of the investment portfolio is rated green, indicating strong performance[5] - The investment portfolio had a fair value of $2,957.1 million, with investments in 127 portfolio companies[6] - The company increased its senior-oriented asset mix to 80%, up from 75% as of September 30, 2024[5] - The company is exploring a secondary portfolio sale of up to $500 million of assets to enhance financial flexibility and diversify the portfolio[5] Dividends and Shareholder Returns - The annualized dividend yield increased to 13.2% in Q3 2025, compared to 11.9% in Q3 2024[3] - The company declared a fourth quarter 2025 distribution of $0.32 per share, payable on December 31, 2025[5] - A new stock repurchase plan was established, authorizing the repurchase of up to $100 million worth of common shares, doubling the capacity of the original plan[5] Expenses and Losses - Total expenses for the three months ended September 30, 2025, were $51,002,000, down from $60,791,000 in the same period of 2024, a reduction of approximately 16.3%[24] - The company reported net realized and unrealized losses of $21,700,000 for the three months ended September 30, 2025, compared to losses of $11,494,000 for the same period in 2024[24] Business Focus - The company focuses on providing direct lending solutions to U.S. upper middle market companies, aiming for current income and capital appreciation through senior secured loans[26]

Core Insights - New Mountain Finance Corporation reported a net investment income of $0.32 per share for Q3 2025, maintaining its dividend distribution at the same rate for Q4 2025 [1][4][20] Financial Performance - Net investment income for Q3 2025 was $33.9 million, down from $34.5 million in Q3 2024 [3][4] - Net adjusted investment income per weighted average share decreased to $0.32 from $0.34 year-over-year [3] - The annualized dividend yield increased to 13.2% from 11.9% in the previous year [3] Portfolio and Asset Quality - The investment portfolio's fair value as of September 30, 2025, was $2,957.1 million, a decrease from $3,014.2 million as of June 30, 2025 [3][4] - The net asset value (NAV) per share was $12.06, down from $12.21 [3][4] - Approximately 95% of the portfolio is rated green, indicating strong credit performance [4][5] Investment Strategy and Activity - The company originated $127.3 million in investments during the quarter, offset by $177.1 million in repayments [5] - The company has increased its senior-oriented asset mix to 80% from 75% year-over-year [4] - A new stock repurchase plan has been established, allowing for the repurchase of up to $100 million worth of common shares [4] Debt and Liquidity - As of September 30, 2025, total statutory debt outstanding was $1,588.9 million, with a statutory debt-to-equity ratio of 1.26x [10] - The company had cash and cash equivalents of $63.7 million and $1,018.0 million of available capacity on its credit facilities [10] Industry Focus - New Mountain Finance Corporation primarily targets middle-market businesses that exhibit defensive growth characteristics, such as acyclicality and strong free cash flow [6][21] - The company emphasizes investments in high-quality growth leaders within well-researched industries [22]

Core Points - The article emphasizes the importance of enabling Javascript and cookies in browsers to prevent access issues [1] - It highlights that users with ad-blockers may face restrictions when trying to access content [1] Summary by Categories Technical Requirements - Users are advised to enable Javascript and cookies in their browsers to ensure proper functionality [1] - The presence of ad-blockers can lead to blocked access, necessitating their temporary disablement [1]

Core Points - New Mountain Finance Corporation will release its financial results for the quarter ended September 30, 2025, on November 3, 2025, after market close [1] - The Company will host an earnings conference call and webcast on November 4, 2025, at 10:00 am Eastern Time to review third quarter performance and discuss recent events [1]

Group 1 - New Mountain Finance (NASDAQ: NMFC) is trading at a double-digit discount to its net asset value (NAV) per share [1] - The company is providing a double-digit dividend yield that is nearly covered by net investment income (NII) [1] - The business development company (BDC) recently declared a quarterly dividend [1] Group 2 - Pacifica Yield focuses on long-term wealth creation by targeting undervalued high-growth companies, high-dividend stocks, REITs, and green energy firms [1]

Group 1 - New Mountain Finance (NASDAQ: NMFC) is trading at a double-digit discount to its net asset value (NAV) per share [1] - The company is providing a double-digit dividend yield that is nearly covered by net investment income (NII) [1] - The business development company (BDC) recently declared a quarterly dividend [1] Group 2 - Pacifica Yield focuses on long-term wealth creation by targeting undervalued high-growth companies, high-dividend stocks, REITs, and green energy firms [1]

Core Insights - New Mountain Finance (NMFC) has been recognized as a Top 10 dividend-paying financial stock according to Dividend Channel's latest "DividendRank" report [1] - The report highlights NMFC's attractive valuation metrics and strong profitability, with a current share price of $10.47, a price-to-book ratio of 0.9, and an annual dividend yield of 12.23% [1] - In comparison, the average stock in Dividend Channel's coverage yields 3.9% and has a price-to-book ratio of 2.7, indicating NMFC's superior performance [1] Valuation and Profitability - NMFC's annualized dividend is $1.28 per share, paid quarterly, with the next ex-dividend date on 09/16/2025 [2] - The report emphasizes the importance of NMFC's strong quarterly dividend history and favorable long-term growth rates in key fundamental data points [1][2] Investment Appeal - The DividendRank formula used by Dividend Channel aims to identify the most profitable companies trading at attractive valuations, making NMFC a noteworthy candidate for dividend investors [2] - The historical dividend performance of NMFC is considered a critical factor in assessing the sustainability of its current dividend [2]

Company Overview - Arizona Gold & Silver Inc. is a leading exploration company focused on uncovering precious metal resources in Arizona and Nevada [3] - The company is committed to sustainable practices and innovative exploration techniques, aiming to drive value for stakeholders while prioritizing environmental stewardship [3] - The flagship asset is the Philadelphia gold-silver property, where the company is drilling off an epithermal gold-silver system ahead of an initial resource calculation [3] Stock Options Announcement - The company has granted incentive stock options to purchase a total of 2,222,481 common shares at a price of $0.37 for a period of five years [1] - The stock options will vest immediately and are subject to a four-month hold period [1] - This offering is aimed at the company's officers, directors, and certain consultants, recognizing their leadership and excellence [2]

Group 1: Market Overview - U.S. stock futures were higher, with Dow futures gaining more than 50 points on Monday [1] - New Mountain Finance Corporation shares fell sharply in pre-market trading, dipping 4.4% to $10.01 after a downgrade from Buy to Underperform by B of A Securities analyst Derek Hewett, with a price target cut from $11.75 to $10 [1] Group 2: Notable Stock Movements - Kindly MD Inc shares tumbled 37.1% to $1.75 in pre-market trading after a 30% drop on Friday [3] - aTyr Pharma Inc shares fell 19.7% to $4.84 after gaining around 15% on Friday [3] - GlucoTrack, Inc. shares dipped 17.4% to $8.73 after a significant jump of 117% on Friday due to a purchase agreement announcement [3] - Hang Feng Technology Innovation Co., Ltd. shares declined 17.4% to $10.16 after a 209% gain on Friday following its IPO pricing [3] - Akso Health Group shares fell 16.4% to $1.60 after a more than 4% gain on Friday [3] - YD Bio Ltd shares declined 9.1% to $21.00 after a 13% gain on Friday [3] - Texas Instruments Incorporated shares declined 2.9% to $177.35 amid reports of an anti-dumping investigation by the Chinese Ministry of Commerce into American-made analog IC chips [3] - Analog Devices, Inc. shares fell 2.7% to $238.63, also related to the same anti-dumping investigation [3]