New Mountain Capital NMFC Covers Dividend in Q4
"In Q4, NMFC covered its dividend, despite tight credit spreads in the market generally," said Steven B. Klinsky, NMFC's Chairman and New Mountain Capital CEO. "We are taking proactive steps to strengthen NMFC, including voluntarily reducing our incentive fees, and completing asset sales at valuations meaningfully above where our stock trades. We remain committed to maintaining credit discipline and serving our shareholders."
