secwatch.observer — SEC 8-K summary
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Issuer:     Nuveen Churchill Direct Lending Corp. (NCDL)
CIK:        0001737924
Form:       8-K
Filed at:   2026-05-07T23:59:59+00:00
Accession:  0001737924-26-000048
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nuveen Churchill Q1 NII $0.41/shr, NAV $17.50, declares $0.38 Q2 distribution
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- Q1 net investment income $0.41 per share; net realized/unrealized loss of $0.23 per share; net asset value $17.50 (down from $17.72).
- Board declares Q2 distribution of $0.38/shr ($0.36 regular + $0.02 supplemental), payable July 28 to June 30 record holders.
- Portfolio fair value $2.0B across 236 companies; 89.7% first-lien; non-accruals at 0.6% of fair value (up from 0.5%).
- Investment income of $46.3M down 14% YoY from $53.6M; net expenses $26.2M flat; net realized loss $3.3M.
- Debt/equity ratio 1.32x (1.26x net); $1.1B debt; $233M revolver availability; CLO refinancing reduced borrowing costs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1737924/000173792426000048/0001737924-26-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1737924/000173792426000048/ncdlc-20260507.htm
  HTML page:      https://secwatch.observer/filing/0001737924-26-000048

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