New Mountain Finance (US:NMFC)2024-10-31 19:21Financial Performance - Q3 2024 adjusted net investment income ("NII") was $0.34 per share, exceeding the regular dividend of $0.32 per share[11] - A supplemental dividend of $0.01 per share will be paid alongside the Q4 2024 regular dividend[11] - The company's net asset value ("NAV") as of September 30, 2024, was $12.62 per share, compared to $12.74 per share as of June 30, 2024[11] - The company has distributed over $1.3 billion in total dividends to shareholders since its IPO[18, 31] Portfolio Composition and Credit Quality - As of September 30, 2024, the fair value of investments was $3.2788 billion[13] - 97.3% of the portfolio is rated green on the company's heatmap, an increase from 97.0% in the previous quarter[11] - The average realized loss rate since the IPO is 13 bps[14, 18] - First lien debt constitutes 93% of the portfolio[38] Investment Activity and Originations - Gross originations for Q3 2024 totaled $146.2 million, while repayments amounted to $100.6 million, resulting in net originations of $45.6 million[13, 37] - Net originations less sales were $44.1 million[13, 37] Capital Structure and Leverage - The pro forma statutory debt to equity ratio is 1.23x[12, 45] - The company maintains 77% unsecured debt[49] - The company's liquidity stands at $1.07 billion against unfunded commitments of $277 million[63]