Company: NMFCZ
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001496099-25-000010
Chunk: 5

Company: New Mountain Finance Corp
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 5
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421 Management fee45,522 45,610 46,617 Incentive fee36,385 38,303 29,901 Professional fees4,379 3,771 3,433 Administrative expenses4,222 4,101 4,131 Other general and administrative expenses2,039 2,068 2,338 Total expenses229,183 218,637 178,841 Less: management fee waived (see Note 5)(3,739)(4,117)(4,402)Less: expenses waived and reimbursed (see Note 5)— — (238)Net expenses225,444 214,520 174,201 Net investment income before income taxes146,222 160,316 120,429 Income tax expense262 418 825 Net investment income145,960 159,898 119,604 Net realized (losses) gains:   Non-controlled/non-affiliated investments(45,365)(49,267)(737)Controlled investments2,000 16,413 53,440 New Mountain Net Lease Corporation1,533 — — Foreign currency420 13 827 Net change in unrealized appreciation (depreciation):   Non-controlled/non-affiliated investments52,581 47,956 (81,197)Non-controlled/affiliated investments(37,242)(19,052)(9,156)Controlled investments336 (18,588)6,219 Securities purchased under collateralized agreements to resell(3,000)(39)(4,883)Foreign currency(606)100 (1,115)Provision for taxes(2,114)(1,344)(8,474)Net realized and unrealized losses(31,457)(23,808)(45,076)Net increase in net assets resulting from operations114,503 136,090 74,528 Less: Net (increase) decrease in net assets resulting from operations related to non-controlling interest in New Mountain Net Lease Corporation(1,060)(747)204 Net increase in net assets resulting from operations related to New Mountain Finance Corporation$113,443 $135,343 $74,732 Basic earnings per share$1.06 $1.34 $0.75 Weighted average shares of common stock outstanding—basic (See Note 12)106,570,782 101