earnings
confidence high
sentiment positive
materiality 0.70
Nuveen Churchill Direct Lending Q4 2024 NII $0.56, NAV $18.18, declares $0.45 quarterly distribution
Nuveen Churchill Direct Lending Corp.
2024-FY EPS reported
$2.26
- Q4 2024 net investment income $0.56/share; NAV per share $18.18, up from $18.15 in Q3.
- Declared Q1 2025 regular distribution $0.45/share payable April 28; also final special distribution $0.10 in April.
- Portfolio fair value $2.08B across 210 companies; 90.6% first-lien debt; one non-accrual (0.4% at cost).
- FY 2024 investment income $224M vs $161.8M in 2023; weighted average yield decreased to 10.33% from 11.72%.
- Issued $300M unsecured notes in Jan 2025; incentive fee on income waived through Q1 2025.