New Mountain Finance (US:NMFC)2023-02-28 20:43Financial Performance & Dividends - The current annualized dividend yield is 10%[1] - Since IPO, approximately $1 billion in dividends have been paid [5] - Q4 2022 adjusted net investment income (NII) was $0.35 per share, covering the $0.32 per share dividend [81] - A supplemental dividend program will commence in Q1 2023, with an expected dividend of $0.02 to $0.03 per share [53, 96] - Regular dividend is $0.32 per share for Q1 2023 [53, 81] Portfolio & Credit Quality - As of Q4 2022, 91.5% of the portfolio is rated "Green"[8, 103] - The annual net realized loss rate is 6 bps of $9.9 billion total investments since inception [5] - Top 15 portfolio companies represent $1250.5 million, or 38.6%, of consolidated investments [48] - First lien debt accounts for 87% of Q4 2022 originations [20] Market & Strategy - New Mountain employees are the largest shareholder group, owning 11%+ of shares outstanding [5, 81] - The company focuses on investing in strong businesses in acyclical sectors [5]