---
schema_version: "secwatch.filing_event.v1"
accession: "0001737924-26-000016"
form_type: "8-K"
ticker: "NCDL"
cik: "0001737924"
company_name: "Nuveen Churchill Direct Lending Corp."
filed_at: "2026-02-26T23:59:59+00:00"
generated_at: "2026-05-15T23:41:57.670726+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Nuveen Churchill Direct Lending Corp Q4 net investment income $0.44/sh, declares $0.40/sh distribution, $50M buyback

## Summary
- Q4 net investment income $0.44 per share; NAV per share $17.72, down from $17.85 at Q3.
- Declared Q1 2026 distribution $0.40/sh ($0.36 regular + $0.04 supplemental), down from $0.45 regular in Q4.
- Board authorized $50M share repurchase program for open market purchases below NAV per share.
- Full-year return on equity ~11%; total distributions paid $1.90 per share; net expenses increased on higher mgmt fees.
- Q4 portfolio funded $80.4M, received $84.3M proceeds; total portfolio $2.0B across 227 companies.

## SEC filing metadata
- accession: 0001737924-26-000016
- form_type: 8-K
- ticker: NCDL
- cik: 0001737924
- company_name: Nuveen Churchill Direct Lending Corp.
- filed_at: 2026-02-26T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1737924/000173792426000016/0001737924-26-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1737924/000173792426000016/ncdlc-20260226.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001737924-26-000016
- JSON: https://secwatch.observer/filing/0001737924-26-000016.json
- Plain text: https://secwatch.observer/filing/0001737924-26-000016.txt

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