Business
Morgan Stanley Direct Lending Fund Announces March 31, 2026 Financial Results and Declares Second Quarter 2026 Regular Dividend of $0.45 per Share
NEW YORK, May 07, 2026--Morgan Stanley Direct Lending Fund (NYSE: MSDL) ("MSDL" or the "Company"), a business development company externally managed by MS Capital Partners Adviser Inc. (the "Adviser"), today announced its financial results for the first quarter ended March 31, 2026.
About this update from Morgan Stanley Direct Lending Fund
[{"type":"text","content":"NEW YORK, May 07, 2026--(BUSINESS WIRE)--Morgan Stanley Direct Lending Fund (NYSE: MSDL) ("MSDL" or the "Company"), a business development company externally managed by MS Capital Partners Adviser Inc. (the "Adviser"), today announced its financial results for the first quarter ended March 31, 2026.","length":330,"tagName":"p"},{"type":"text","content":"QUARTERLY HIGHLIGHTS","length":20,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Net investment income of $40.5 million, or $0.47 per share, as compared to $42.4 million, or $0.49 per share, for the quarter ended December 31, 2025;","length":150,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Net asset value of $19.81 per share, as compared to $20.26 as of December 31, 2025;","length":83,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Debt-to-equity was 1.22x as of March 31, 2026, as compared to 1.20x as of December 31, 2025;","length":92,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"New investment commitments of $144.9 million (net of any syndications), fundings of $174.0 million and sales and repayments of $239.8 million, resulting in net funded deployment of ($65.8) million;","length":197,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"The Company launched Capstone Lending LLC, a joint venture ("JV") with an institutional partner (the "JV Partner") with a substantially similar investment strategy as the Company. The Company and the JV Partner each agreed to contribute up to $200.0 million and $50.0 million, respectively, to the JV. Following the initial contribution in February 2026, approximately 47% of the Company’s and JV Partner’s respective total capital commitments were called;","length":476,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"The Company’s Board of Directors (the "Board") declared a regular dividend of $0.45 per share to shareholders of record as of March 31, 2026; and","length":155,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"On April 23, 2026, the Company executed an amendment to the Truist Credit Facility, extending the termination date to April 2030 and the final maturity to April 2031.","length":166,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"leng...