secwatch.observer — SEC 8-K summary
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Issuer:     Morgan Stanley Direct Lending Fund (MSDL)
CIK:        0001782524
Form:       8-K
Filed at:   2026-02-26T23:59:59+00:00
Accession:  0001193125-26-076964
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MSDL reports Q4 2025 NII of $0.49/share; declares $0.45 dividend for Q1 2026; launches JV with $200M commitment
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- Net investment income $42.4M ($0.49/sh) vs $43.7M ($0.50) in Q3 2025; NAV $20.26/sh vs $20.41.
- Regular dividend declared $0.45/sh payable April 24, 2026 to holders of record March 31, 2026; Q4 dividend was $0.50.
- Launched Capstone Lending JV with institutional partner; MSDL committed up to $200M, partner $50M; 47% of commitments called.
- New $100M share repurchase program authorized for 24 months; prior program replaced.
- Portfolio: $3.8B fair value across 227 companies; total weighted average yield 9.3%; debt-to-equity 1.20x.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1782524/000119312526076964/0001193125-26-076964-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1782524/000119312526076964/d838021d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-076964

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