Financial Performance - Q2 2025 adjusted net investment income ("NII") was $0.32 per share, covering the dividend of $0.32 per share[15] - June 30, 2025 net asset value ("NAV") was $12.21 per share, compared to $12.45 per share as of March 31, 2025[15] - The company repurchased approximately $16 million of NMFC shares year-to-date, including $10 million in Q2 at a weighted average purchase price of $10.42 per share[15] - Total dividends paid to shareholders is approximately $1.4 billion since IPO[27] Portfolio Composition and Risk - Approximately 95% of the portfolio is rated green on the company's heatmap, indicating strong credit quality[15] - Nearly 80% of the portfolio is senior in nature, including First Lien, SLPs, and Net Lease assets[15] - Realized Total Net Loss Rate for NMFC since IPO is 1bp[19] - Top 10 portfolio companies represent $759.4 million, or 25.2%, of consolidated investments[67] Investment Activity - Gross originations for Q2 2025 were $122.2 million, while repayments were $141.4 million and sales were $13.7 million, resulting in net less sales originations of $(32.9) million[17, 55] Leverage and Liquidity - Statutory leverage ratio is 1.13x debt to equity as of June 30, 2025[16] - The company has $1,789 million in outstanding debt with a weighted average interest rate of 6.04%[53, 82]

Group 1: Listeria Outbreak in the U.S. - The CDC reported a Listeria outbreak linked to energy supplement drinks distributed in long-term care facilities, with 38 confirmed infections and 12 deaths across 21 states [1][2][3] - The affected brands, Lyons ReadyCare and Sysco, have recalled all products within the expiration date, and Sysco is removing these items from inventory and halting production from the implicated facility [1][3] - The outbreak's earliest cases date back to 2018, but over half of the infections occurred in 2024 and 2025, primarily affecting individuals aged 65 and older [2][3] Group 2: Characteristics of Listeria - Listeria is a resilient bacterium that can survive on surfaces for extended periods, with symptoms typically appearing within two weeks after consuming contaminated food [4] - Symptoms range from mild (fever, muscle aches) to severe (headache, stiff neck, confusion), posing higher risks to pregnant women, the elderly, and immunocompromised individuals [4] Group 3: Unknown Disease in the Democratic Republic of the Congo - An unknown disease in the Democratic Republic of the Congo has resulted in over 50 deaths, with symptoms including fever, headache, and diarrhea, and a mortality rate of 12.49% [5][6] - The outbreak began on January 21, with 419 reported cases, and the World Health Organization is investigating the rapid spread and potential animal-to-human transmission [5][6] - Previous outbreaks in the region have raised concerns about the emergence of unknown pathogens, with a significant increase in such incidents reported over the past decade [6][7] Group 4: Humanitarian Crisis in the DRC - Ongoing conflicts in eastern DRC have exacerbated the humanitarian crisis, leading to over 7,000 deaths and displacing hundreds of thousands, complicating efforts to control disease outbreaks [7] - The DRC Prime Minister highlighted the dire conditions in refugee camps and called for international action against neighboring countries supporting rebel groups [7]