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New Mountain Finance Corporation Extends Share Repurchase Program

NEW MOUNTIAN FINANCE (NMFC)  More Company Research Source: Business Wire
Last new mountian finance earnings: 2/28 04:09 pm Check Earnings Report
US:NYSE Investor Relations: newmountainfinance.com
PDF NEW YORK--(BUSINESS WIRE)-- New Mountain Finance Corporation (NYSE: NMFC) (“NMFC” or “the Company”) today announced that its board of directors has authorized an extension of a program for the purpose of repurchasing up to $50 million worth of its common stock, to be implemented at the discretion of NMFC’s management team. Under the repurchase program, NMFC may, but is not obligated to, repurchase its outstanding common stock in the open market from time to time provided that NMFC complies with the prohibitions under its Code of Ethics and the guidelines specified in Rule 10b-18 of the Securities Exchange Act of 1934, as amended, including certain price, market volume and timing constraints. Unless further extended by NMFC’s board of directors, the Company expects the repurchase program to be in place until the earlier of December 31, 2018 or until $50 million worth of NMFC’s outstanding shares of common stock have b [Read more]

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