MSDL reports Q4 2023 NII of $0.67/share, NAV of $20.67; declares Q1 dividend $0.50 plus specials

Morgan Stanley Direct Lending Fund

Net investment income $55.5M, or $0.67/share; NAV per share $20.67, up from $20.57.
Debt-to-equity dropped to 0.87x from 1.16x; total investments at fair value $3.19B.
IPO raised ~$97M net proceeds; board approved $100M stock repurchase program below NAV.
Regular Q1 dividend $0.50/share, plus two special dividends of $0.10 tied to IPO lock-up releases.
New advisory agreement includes fee waivers through Jan 2025 and incentive fee lookback from June 2024.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Morgan Stanley Direct Lending Fund reported financial results for the fourth quarter and fiscal year ended December 31, 2023.

Period: the fourth quarter and fiscal year ended December 31, 2023
Result: reported results

Exact text from the filing

On March 1, 2024, Morgan Stanley Direct Lending Fund (the “Company”) issued a press release announcing its financial results for the fourth quarter and year ended December 31, 2023.

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20 earnings releases filed in the last 30 days. Browse all earnings releases →

Morgan Stanley Direct Lending Fund filing history →

Source: SEC EDGAR

accession 0001104659-24-029553

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