New Mountain Finance (NMFC) Prelim. Adj.-Net Investment Income at Top-End of Expected Range

New Mountain Finance Corporation (NYSE: NMFC) announced certain preliminary estimates of the financial condition and updated earnings guidance based on preliminary financial results for the quarter ended December 31, 2015.

Given the sustained market volatility and uncertainty, the Company is setting forth a preliminary estimated range of our net asset value per share as of December 31, 2015 and a preliminary estimated range of our Adjusted Net Investment Income (as defined below) per share for the three months ended December 31, 2015. The following estimates are subject to the completion of financial closing procedures and are not a comprehensive statement of our financial condition or results for the period from October 1, 2015 through December 31, 2015. Be advised that our actual results for the three months ended December 31, 2015 may differ materially from these estimates, which are given only as of January 21, 2016, as a result of the completion of our financial closing procedures, final adjustments and other developments, including changes in interest rates or changes in the businesses to whom we have made loans, which may arise between now and the time that our financial results for the three months ended December 31, 2015 are finalized. This information is inherently uncertain.

As of January 21, 2016, we currently estimate that our Adjusted Net Investment Income per share will be between $0.34 and $0.35 for the three months ended December 31, 2015, which falls within the range of between $0.33 and $0.35 that was previously announced on our quarterly earnings call held on November 5, 2015. The adjustments to reconcile our estimated Adjusted Net Investment Income per share for the three months ended December 31, 2015 with net investment income under United States generally accepted accounting principles (“GAAP”) are expected to be less than a $0.01 per share increase to Adjusted Net Investment Income.

*** The Street is looking for Q4 EPS of $0.35.

As of January 21, 2016, we estimate that our net asset value per share as of December 31, 2015 was between $12.90 and $13.15.

In addition, the Company believes that based on preliminary reporting through January 21, 2016, the underlying credit quality of the portfolio remains stable, with no new investments expected to go on non-accrual status.

The preliminary estimates and guidance provided have been prepared by, and are the responsibility of, management. Neither Deloitte & Touche LLP, our independent registered public accounting firm, nor any other independent accountants, nor our Board of Directors, have audited, reviewed, compiled, or performed any procedures with respect to the accompanying preliminary financial data and estimates. Accordingly, Deloitte & Touche LLP and our Board of Directors do not express an opinion or any form of assurance with respect thereto and assumes no responsibility for, and disclaims any association with, this preliminary information. Actual results for the period may differ materially.

The Company intends to announce final results of operations for the period ended December 31, 2015 on Monday, February 29, 2016. The Company plans to host an earnings conference call on Tuesday, March 1, 2016 to discuss the financial results.

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