Quarterly ResultAug 6, 2026, 05:03 PM
Morgan Stanley Direct Lending Fund Q2 NII $0.45/share; Declares $0.45 Dividend
AI Summary
Morgan Stanley Direct Lending Fund announced its second quarter 2026 financial results, reporting net investment income of $0.45 per share and earnings per share of $0.09. The company's net asset value decreased to $19.50 per share, while debt-to-equity improved slightly to 1.21x. The Board of Directors declared a regular distribution of $0.45 per share payable in October 2026. The company also extended its Truist Credit Facility, repurchased 831,486 shares, and issued new notes post-quarter end.
Key Highlights
- Net investment income was $0.45 per share for the second quarter ended June 30, 2026.
- Net asset value was $19.50 per share as of June 30, 2026, down from $19.81.
- The Board declared a regular dividend of $0.45 per share, payable October 23, 2026.
- Debt-to-equity ratio improved slightly to 1.21x as of June 30, 2026.
- Net funded deployment for the quarter was ($94.2) million.
- The company repurchased 831,486 shares at an average price of $15.06 per share.
- Truist Credit Facility termination date extended to April 2030 and final maturity to April 2031.
- Subsequent to quarter end, $350 million of 6.10% Notes due July 2031 were issued.
Price Impact
More from MSDL