---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-023453"
form_type: "8-K"
ticker: "NCDL"
cik: "0001737924"
company_name: "Nuveen Churchill Direct Lending Corp."
filed_at: "2025-05-08T23:59:59+00:00"
generated_at: "2026-05-22T04:58:46.150975+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Nuveen Churchill Q1 NII $0.53/sh; NAV declines to $17.96; declares $0.45/sh distribution

## Summary
- Net investment income of $0.53 per share; net realized and unrealized loss of $(0.24) per share.
- NAV per share fell to $17.96 from $18.18 at Dec 31, 2024; net increase from operations $0.29/sh.
- Declared Q2 regular distribution of $0.45/sh, payable July 28, 2025 to holders of record June 30, 2025.
- Portfolio fair value $2.08B across 210 companies; non-accrual at 0.4% of fair value (two companies).
- Issued $300M unsecured notes; refinanced CLO to lower borrowing costs; debt/equity ratio 1.31x.

## SEC filing metadata
- accession: 0001628280-25-023453
- form_type: 8-K
- ticker: NCDL
- cik: 0001737924
- company_name: Nuveen Churchill Direct Lending Corp.
- filed_at: 2025-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1737924/000162828025023453/0001628280-25-023453-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1737924/000162828025023453/ncdlc-20250508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-023453
- JSON: https://secwatch.observer/filing/0001628280-25-023453.json
- Plain text: https://secwatch.observer/filing/0001628280-25-023453.txt

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