secwatch.observer — SEC 8-K summary
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Issuer:     Nuveen Churchill Direct Lending Corp. (NCDL)
CIK:        0001737924
Form:       8-K
Filed at:   2024-01-30T23:59:59+00:00
Accession:  0001628280-24-002584
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1737924/000162828024002584/0001628280-24-002584-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1737924/000162828024002584/ncdlc-20240129.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-002584

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