secwatch.observer — SEC 8-K summary
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Issuer:     Nuveen Churchill Direct Lending Corp. (NCDL)
CIK:        0001737924
Form:       8-K
Filed at:   2026-03-20T23:59:59+00:00
Accession:  0001737924-26-000023
Event type: other_material
Sentiment:  positive
Materiality: 0.55
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Nuveen Churchill Direct Lending authorizes $50M share repurchase plan at discount to NAV
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- Company entered into a 10b5-1 plan to repurchase up to $50M of common stock in open market.
- Repurchases allowed only when market price is below most recently reported NAV per share.
- BofA Securities appointed as agent; purchase volume increases as stock price declines.
- Plan effective March 24, 2026, terminates after up to 12 months or when $50M is spent.
- Plan designed to allow repurchases when company otherwise restricted under insider trading laws.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1737924/000173792426000023/0001737924-26-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1737924/000173792426000023/ncdlc-20260317.htm
  HTML page:      https://secwatch.observer/filing/0001737924-26-000023

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer