Company: NMFCZ
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001496099-25-000035
Chunk: 235

Company: New Mountain Finance Corp
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 235
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 and nine months ended September 30, 2025 and September 30, 2024: Three Months EndedNine Months Ended September 30, 2025September 30, 2024September 30, 2025September 30, 2024Management fee$9,619 $11,700 $29,611 $34,048 Less: management fee waiver— (970)(288)(2,732)Total management fee9,619 10,730 29,323 31,316 Incentive fee, excluding accrued capital gains incentive fees7,345 8,821 23,563 27,760 Less: incentive fee waiver(4,544)— (8,664)— Total incentive fee$2,801 $8,821 $14,899 $27,760 Accrued capital gains incentive fees(1)$— $— $— $— (1)As of September 30, 2025 and September 30, 2024, no actual capital gains incentive fee was owed under the Investment Management Agreement by the Company, as cumulative net realized capital gains did not exceed cumulative unrealized capital depreciation. The Company has entered into the Administration Agreement with the Administrator under which the Administrator provides administrative services. The Administration Agreement was most recently re-approved by the Company's board of directors on January 29, 2025 for a period of 12 months commencing on March 1, 2025. The Administrator maintains, or oversees the maintenance of, the Company’s consolidated financial records, prepares reports filed with the SEC, generally monitors the payment of the Company's expenses and oversees the performance of administrative and professional services rendered by others. The Company reimburses the Administrator for the Company's allocable portion of overhead and other expenses incurred by the Administrator in performing its obligations to the Company under the Administration Agreement. Pursuant to the Administration Agreement and further restricted by the Company, the Administrator may, in its own discretion, submit to the Company for reimbursement some or all of the expenses that the Administrator has incurred on behalf of the Company during any quarterly period. As a result, the amount of expenses for which the Company will have to reimburse the Administrator may fluctuate in future quarterly periods and there can be no assurance given as to when, or if, the Administrator may determine to limit the expenses that the Administrator submits to the Company for reimbursement in the future. However, it is expected that the Administrator