Nuveen Churchill Direct Lending reduces base fee to 0.75% for five quarters post-IPO; waives incentive fees

Nuveen Churchill Direct Lending Corp.

Base management fee cut from 1.25% to 0.75% of Average Total Assets for Q1 2024 through Q1 2025, then steps to 1.00%.
Incentive fee on income and capital gains waived entirely for the first five quarters after IPO.
Dividend reinvestment plan changed from opt-in to opt-out for shareholders who bought in the IPO.
New sub-advisory agreement with Nuveen Asset Management for liquid investments; fees paid by Churchill, not the Company.

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