---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-002584"
form_type: "8-K"
ticker: "NCDL"
cik: "0001737924"
company_name: "Nuveen Churchill Direct Lending Corp."
filed_at: "2024-01-30T23:59:59+00:00"
generated_at: "2026-06-06T15:06:13.824522+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-24-002584
- form_type: 8-K
- ticker: NCDL
- cik: 0001737924
- company_name: Nuveen Churchill Direct Lending Corp.
- filed_at: 2024-01-30T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1737924/000162828024002584/0001628280-24-002584-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1737924/000162828024002584/ncdlc-20240129.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-002584
- JSON: https://secwatch.observer/filing/0001628280-24-002584.json
- Plain text: https://secwatch.observer/filing/0001628280-24-002584.txt

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