Quarterly ResultMay 7, 2026, 07:22 AM
Nuveen Churchill Q1 Net Investment Income $0.41/Share; Declares $0.38 Dividend
AI Summary
Nuveen Churchill Direct Lending Corp. reported Q1 2026 net investment income of $0.41 per share and declared a second-quarter distribution of $0.38 per share, comprising a $0.36 regular and $0.02 supplemental distribution. The company's net asset value per share decreased to $17.50 from $17.72 at year-end 2025, primarily due to net realized and unrealized losses. Management highlighted the strength of the investment portfolio and attractive opportunities for capital deployment despite market volatility.
Key Highlights
- Net investment income was $0.41 per share for Q1 2026.
- NAV per share decreased to $17.50 as of March 31, 2026, from $17.72.
- Declared a Q2 distribution of $0.38 per share ($0.36 regular, $0.02 supplemental).
- Portfolio fair value remained $2.0 billion across 236 companies.
- Portfolio comprised 89.7% first-lien debt, 7.5% subordinated debt, and 2.8% equity.
- Weighted average yield on debt investments decreased to 9.31% from 10.10% YoY.
- Net realized and unrealized loss on investments totaled $(11.357) million.
- Debt-to-equity ratio was 1.32x (1.26x net debt-to-equity).