NMFCZ · New Mountain Finance Corp 8.250% Notes Due 2028, cumulative · dividend, yield to call and par
Summary
NMFCZ is a cumulative preferred of New Mountain Finance Corporation. Par is $25.00. The coupon is 8.25%, fixed, paid as $0.5156 a quarter. It has been callable since Nov 2025. The issuer is an bdc rated investment grade. The score is 5.6, Average.
4 payments a year. 12 paid since 2024, the amount varies.
Payments ↓Past its first call date, the issue can be redeemed at $25.00 on any pay date. The yield to call is 8.22%.
Price history ↓8.25% of $25 for as long as the shares are outstanding. A cumulative dividend: a missed payment is still owed.
Questions ↓Preferred equity, senior to the common and below every note and bond. A registered fund must hold assets worth 150% of this issue before it can pay common dividends. The coverage & protection pillar is the weakest of four.
How the score works →| Ex-date | Pay date | Amount | Change | Note |
|---|---|---|---|---|
| Feb 1, 2027 | 02/16/27 | $0.5156 | 0.0% | estimated from the coupon |
| Oct 30, 2026 | 11/16/26 | $0.5156 | 0.0% | declared · pays 11/16/26 |
| Jul 31, 2026 | 08/17/26 | $0.5156 | 0.0% | paid |
| May 1, 2026 | 05/15/26 | $0.5156 | 0.0% | paid |
How it stacks up · similar preferreds
All baby bonds| Security | Current yield | Coupon | Credit quality | Call date | IQS |
|---|---|---|---|---|---|
| NMFCZ this pageNew Mountain Finance Corp 8.250% Notes Due 2028 | 8.22% | 8.25% | Investment grade | Callable now | 5.6 |
| BEP-ABrookfield Renewable Partners L.P. 5.25% Class A Preferred Ltd Partnership Units Series 17 | 7.72% | 5.25% | Investment grade | Callable now | 7.3 |
| T-CAT&T, Inc. 4.75% Depositary Shares Perpetual Preferred Stock, Series C | 7.58% | 4.75% | Investment grade | None | 7.9 |
| MS-EMorgan Stanley 7.125% Series E Fixed-to-Floating Preferred | 7.27% | 7.283% | Investment grade | Callable now | 6.2 |
| CMSCCMS Energy Corp., 5.875% Junior Subordinated Notes due 10/15/2078 | 7.21% | 5.875% | Investment grade | Callable now | 7.1 |
Chosen from the 29 preferreds with open records: other issuers only, the same credit quality first, then the closest current yield. Mandatory convertibles are matched only with each other.
Questions about NMFCZ
How much does NMFCZ pay, and how often?
NMFCZ pays $2.06 a share a year. That is 8.25% of the $25.00 face value. At the November 9 close of $25.10, it is a 8.22% current yield.
When is NMFCZ’s next ex-dividend date?
February 1, 2027, with payment on February 16. The date is projected from the payment cycle. New Mountain Finance Corporation has not declared it yet.
Are NMFCZ’s payments qualified dividends?
No. NMFCZ is a bond, so it pays interest, which is taxed as ordinary income.
Can NMFCZ be called?
Yes. The first call date was November 15, 2025, so New Mountain Finance Corporation can redeem the shares at $25.00 at any time.
Does NMFCZ have a maturity date?
Yes. New Mountain Finance Corporation must repay the $25.00 on November 15, 2028.
What is NMFCZ’s credit quality?
Investment grade. YieldDesk shows credit quality as Investment grade, High yield or Not rated.
What is NMFCZ’s Income Quality Score?
NMFCZ scores 5.6 out of 10, in the Average tier, computed on November 9, 2026 from filings and market data. The score weighs four pillars: coverage and protection, credit, buyback economics, and structure. Coverage and protection is the lowest, at 4.0. The methodology page explains each pillar.
Payments from issuer declarations; terms from the prospectus on SEC EDGAR; price from licensed market data, delayed 15 minutes. Credit quality shows Investment grade, High yield or Not rated. The Income Quality Score is computed from filings and market data; the methodology page lists each class’s pillars. IQS describes a security. It is not investment advice or a recommendation to buy, sell or hold.
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