other material
confidence high
sentiment positive
materiality 0.60
Nuveen Churchill Direct Lending adopts up to $99.3M share repurchase plan below NAV
Nuveen Churchill Direct Lending Corp.
- Plan authorizes open-market purchases of up to $99,275,000 in common stock when price is below NAV per share.
- BofA Securities, Inc. will act as agent; purchases increase as stock price declines subject to volume limits.
- Plan becomes effective March 29, 2024 and expires after 12 months or upon reaching purchase limit.
- Company believes repurchasing below NAV reinvests in portfolio and benefits stockholders.