Quarterly ResultMay 7, 2026, 04:34 PM
Morgan Stanley Direct Lending Q1 NII $0.47/Share; Declares $0.45 Dividend
AI Summary
Morgan Stanley Direct Lending Fund announced its first quarter 2026 financial results, reporting net investment income of $0.47 per share and a net asset value of $19.81 per share, both down from the previous quarter. The Board of Directors declared a regular dividend of $0.45 per share. Key strategic developments include the launch of Capstone Lending LLC, a new joint venture, and the extension of the Truist Credit Facility. The company also repurchased shares during the quarter.
Key Highlights
- Q1 Net Investment Income was $0.47 per share, down from $0.49 per share in Q4 2025.
- Net Asset Value was $19.81 per share as of March 31, 2026, down from $20.26.
- Board declared a regular dividend of $0.45 per share, payable on or around July 24, 2026.
- Launched Capstone Lending LLC joint venture with $250.0 million in total capital commitments.
- Extended Truist Credit Facility termination to April 2030 and final maturity to April 2031.
- Repurchased 940,492 shares at an average price of $15.64 per share during Q1 2026.
- Debt-to-equity ratio increased slightly to 1.22x as of March 31, 2026, from 1.20x.
- New investment commitments totaled $144.9 million, with net funded deployment of ($65.8) million.