---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-175463"
form_type: "8-K"
ticker: "MSDL"
cik: "0001782524"
company_name: "Morgan Stanley Direct Lending Fund"
filed_at: "2025-08-07T23:59:59+00:00"
generated_at: "2026-05-17T18:02:53.174954+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# MSDL Q2 2025 NII $0.50/sh, NAV $20.59; declares $0.50 Q3 dividend

## Summary
- Net investment income $43.7M ($0.50/sh) vs $46.2M ($0.52/sh) in Q1 2025; NAV per share $20.59 vs $20.65.
- Board declared regular Q3 dividend $0.50/share payable Oct 24 to holders of record Sep 30.
- Issued $350M 6.00% Notes due 2030, redeemed $275M 7.55% Notes due 2025; weighted avg debt rate 6.02%.
- Inaugural CLO of ~$400M priced on Aug 6, 2025 at efficient cost of funding.
- Repurchased 1,057,127 shares at avg price $18.92 during Q2; $100M repurchase program authorized.

## SEC filing metadata
- accession: 0001193125-25-175463
- form_type: 8-K
- ticker: MSDL
- cik: 0001782524
- company_name: Morgan Stanley Direct Lending Fund
- filed_at: 2025-08-07T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1782524/000119312525175463/0001193125-25-175463-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1782524/000119312525175463/d65541d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-175463
- JSON: https://secwatch.observer/filing/0001193125-25-175463.json
- Plain text: https://secwatch.observer/filing/0001193125-25-175463.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.