MSDL Q1 NII $0.47/sh, NAV $19.81, launches JV, cuts dividend to $0.45

Morgan Stanley Direct Lending Fund

2026-Q1 EPS reported -$0.05

Net investment income $40.5M ($0.47/sh) vs $42.4M ($0.49/sh) prior quarter.
Net asset value $19.81/sh, down from $20.26; debt-to-equity 1.22x.
Launched Capstone Lending LLC JV; MSDL commits up to $200M (47% called).
Regular dividend $0.45/sh, down from $0.50; payable July 24 to record June 30.
Truist credit facility amended: termination extended to April 2030, maturity to April 2031.

item 2.02 item 7.01 item 9.01

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 the first quarter ended March 31, 2026 results: net income $40.5 million, or $0.47 per share, EPS $(0.05) per share.

Period: the first quarter ended March 31, 2026
Net income: $40.5 million, or $0.47 per share
EPS: $(0.05) per share
Result: reported results

Exact text from the filing

Capital Partners Adviser Inc. (the “Adviser”), today announced its financial results for the first quarter ended March 31, 2026. QUARTERLY HIGHLIGHTS • Net investment income of $40.5 million, or $0.47 per share, as compared to $42.4 million, or $0.49 per share, for the quarter ended December 31, 2025; • Net asset value of $19.81 per share, as compared to $20.26 as of

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Source: SEC EDGAR

accession 0001193125-26-212041

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