CEF Advisors

7204 Glen Forest Drive, Suite #105 Richmond, Virginia 23226 USA   ♦   Toll-Free: (800) 356-3508 / Local: (804) 288-2482    ♦   www.CEFadvisors.com   ♦   Contact@CEFadvisors.com

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New Mountain Finance Corporation (NMFC)

BDC - Debt Focused

Data as of Nov. 20, 2018
Market Price $13.25 (- $0.21)
NAV (Sept. 30, 2018) $13.58 ( $0.00)
Premium / Discount -2.43% (-1.55%)
Fund Info
Inception May 20, 2011
Sponsor New Mountain Finance Advisers
Website www.newmountainfinance...
Phone 212-720-0300
Objective: Current income and capital appreciation; debt securities of high quality, defensive growth companies
Related Indexes
Debt-Focused Business Development Company (BDC) Index
60/40 Balanced (w/ BDCs) Index
Taxable Bond & BDC Index
Alternative Income Index
Capital & Leverage
Outstanding Shares 76,106,372
Gross Assets (Reported: Sept. 30, 2018) $2,521M
Estimated Gross Assets $2,265M
Net Assets $1,034M
Market Cap $1,008M
Debt-to-Equity 1.1672
Total Leverage 54.38%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 12.83%
Non Lev Exp Ratio 7.11%
Gross Asset Expense Ratio 5.25%
Gross Asset Non Lev Exp Ratio 2.91%
Rel Lev Cost 4.31%
Discount Data
Average Discount (3 Yr) 1.51%
Discount Low(3 Yr) -15.21%
Discount High(3 Yr) 10.70%
Discount Rel Range 55.30%
Comp Discount 10.46
Discount St Dev (1Yr) 2.79
Z-Stat (6mo) -1.43
Z-Stat (1Yr) -0.80
Z-Stat (3Yr) -0.48
Comp Z-Stat (6mo) -0.16
Comp Z-Stat (3Yr) -0.09
Distribution Data
Market Yield 10.26%
Income Yield 10.26%
Lev Adj NAV Yield 6.49%
Av Yield on Debt Investments 10.30
Distribution Frequency Q
Current Distribution $0.340
Current Income $0.340
Ex-Date 12/13/18
Payable Date 12/28/18
Div Growth (3yr) 0.00%
Dividend Change 6.3% on 5/8/12
Expected Div 2/28/19
RoC (1yr) 7.13%
RoC (3yr) 9.50%
Tax Dividend Data 2017 2015 - 2017
Income 71.5% 87.0%
ST Gains 0% 0%
QDI 0% 0%
LT Gains 0% 0%
RoC 28.5% 13.0%
Volume & Liquidity
Average Daily $ (M) $3,627
Avg Volume 30 day 310,166
Avg Volume 90 day 273,702
Volume Trend 13.32%
Comp Volume Trend 4.03%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's BDC Index
Most Correlated Peer (Mk Pr): AINV 67.0%
Price St Dev (1Yr) 14.1%
NAV St Dev (1Yr) 0.4%
Earnings / Share (9/30/18) $0.359
Adj Core NII Coverage 105.66%
1 Yr Avg NII Coverage 102.29%
1 Yr Avg Adj Core NII Coverage 102.29%
NII Trend 0.64%
Adj Core NII Trend 0.64%
Loan Specific Data
Maturity 5.32
Price Beta (2yr)
vs. S&P 500 (TR)
Price Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Beta (2yr)
vs. CEFA's Debt-Focused Business Development Company (BDC) Index
Portfolio Data
Avg Libor Floor % %
% Loans with Libor Floor 0%


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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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