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 BDC

Data as of Oct. 17, 2019
Current
Market Price $13.49 (+ $0.05)
NAV (June 30, 2019) $13.41 ( $0.00)
Premium / Discount 0.60% (+0.37%)
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
12 Major CEF Sectors Index
Debt-Focused Business Development Company (BDC) Index
60/40 Balanced (w/ BDCs) Index
Taxable Bond & BDC Index
Alternative Income Index
Capital & Leverage
Outstanding Shares 87,510,302
Total Assets (Reported: June 30, 2019) $2,791M
Estimated Total Assets $2,759M
Net Assets $1,174M
Market Cap $1,181M
Debt-to-Equity 1.3313
Total Leverage 57.46%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 14.25%
Non Lev Exp Ratio 6.58%
Gross Asset Expense Ratio 5.52%
Gross Asset Non Lev Exp Ratio 2.55%
Rel Lev Cost 5.17%
Discount Data
Average Discount (3 Yr) 2.66%
Discount Low(3 Yr) -9.79%
Discount High(3 Yr) 10.70%
Discount Rel Range 48.88%
Comp Discount 6.79
Discount St Dev (1Yr) 3.18
Z-Stat
Z-Stat (6mo) -1.22
Z-Stat (1Yr) -0.41
Z-Stat (3Yr) -0.63
Comp Z-Stat (6mo) -0.97
Comp Z-Stat (3Yr) -0.51
Distribution Data
Market Yield 10.08%
Income Yield 10.08%
Lev Adj NAV Yield 6.44%
Av Yield on Debt Investments 10.10
Distribution Frequency Q
Current Distribution $0.340
Current Income $0.340
Ex-Date 9/12/19
Payable Date 9/27/19
Div Growth (3yr) 0.00%
Dividend Change 6.3% on 5/8/12
Expected Div 11/5/19
RoC (1yr) 4.04%
RoC (3yr) 14.89%
Tax Dividend Data 2018 2016 - 2018
Income 83.8% 81.6%
ST Gains 0% 0%
QDI 14.7% 4.8%
LT Gains 0% 0%
RoC 16.2% 18.4%
Volume & Liquidity
Average Daily $ (M) $5,459
Avg Volume 30 day 382,333
Avg Volume 90 day 404,644
Volume Trend -5.51%
Comp Volume Trend -2.41%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
68.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
67.0%
Price Correlation (1yr)
vs. CEFA's BDC Index
79.0%
Most Correlated Peer (Mk Pr): MAIN 77.0%
Price St Dev (1Yr) 13.3%
NAV St Dev (1Yr) 3.2%
Earnings
Earnings / Share (6/30/19) $0.347
Adj Core NII Coverage 101.96%
1 Yr Avg NII Coverage 103.52%
1 Yr Avg Adj Core NII Coverage 103.52%
NII Trend -4.49%
Adj Core NII Trend -4.49%
Performance
Price Beta (2yr)
vs. S&P 500 (TR)
0.51
Price Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
0.58
Price Beta (2yr)
vs. CEFA's Debt-Focused Business Development Company (BDC) Index
0.64
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.

This material is presented for informational purposes only. Under no circumstances is it to be considered an offer to sell, or a solicitation to buy any investment referred to on this page. While the information contained herein is from sources believed reliable, we do not represent that it is accurate or complete and it should not be relied upon as such. Past performance is not necessarily indicative of future results. All investments involve risk including the loss of principal. Returns are presented gross of investment management fees and other appropriate fees (i.e. commissions, custodial fees, etc.).

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