Highest-materiality recent filing
MSDL Q1 NII $0.47/sh, NAV $19.81, launches JV, cuts dividend to $0.45
Net investment income $40.5M ($0.47/sh) vs $42.4M ($0.49/sh) prior quarter.
Net investment income $42.4M ($0.49/sh) vs $43.7M ($0.50) in Q3 2025; NAV $20.26/sh vs $20.41.
Morgan Stanley Direct Lending Fund Q3 2025: NII $0.50/sh, NAV $20.41, dividend $0.50
Net investment income $43.7M ($0.50/sh), flat vs prior quarter; NAV $20.41/sh, down from $20.59.
MSDL subsidiary closes $401.2M CLO with notes due 2037; sub tranches retained
Completed $401.2M term debt securitization via North Haven Private Credit CLO 1 LLC on Sept 17, 2025.
MSDL Q2 2025 NII $0.50/sh, NAV $20.59; declares $0.50 Q3 dividend
Net investment income $43.7M ($0.50/sh) vs $46.2M ($0.52/sh) in Q1 2025; NAV per share $20.59 vs $20.65.
MSDL subsidiary prices ~$401M CLO notes; retains $73.2M subordinated notes
Aggregate principal amount of notes: approximately $401.2 million.
Morgan Stanley Direct Lending Fund appoints new CEO and other executives after CEO resignation
CEO Jeffrey Levin resigns effective July 25, 2025; not due to any disagreement with the company.
MSDL issues $350M of 6.000% notes due 2030 to repay secured debt
Issued $350M principal of 6.000% notes due May 19, 2030; net proceeds $342.5M after underwriting discount and expenses.
MSDL Q1 NII $0.52/share, down from $0.57; NAV $20.65; declares $0.50 dividend
Net investment income $46.2M ($0.52/sh) vs $50.7M ($0.57/sh) in Q4 2024; total investment income $101.5M.
MSDL establishes $300M ATM equity program; shareholders OK share increase to 500M common shares
Entered equity distribution agreements for at-the-market sales of up to $300M in common stock; commissions up to 1.5%.
MSDL reports Q4 NII $0.57/shr, NAV $20.81; declares $0.50 dividend, extends credit facility
Net investment income $50.7M ($0.57/shr) vs $58.7M ($0.66/shr) in prior quarter; NAV per share $20.81 (vs $20.83).
Morgan Stanley Direct Lending Fund Appoints Michael Occi as President
Michael Occi, age 40, appointed President of Morgan Stanley Direct Lending Fund effective January 1, 2025.
Reinvestment period extended to Aug 21, 2027; final maturity to Aug 21, 2029.
MSDL reports Q2 2024 NII of $0.63/share, NAV rises to $20.83; declares $0.50 dividend
Net investment income $56.1M ($0.63/share); NAV per share $20.83, up from $20.67 at March 31, 2024.
On May 26, 2026, Jonathan Frohlinger notified the Board of Directors of Morgan Stanley Direct Lending Fund (the “Company”) of his resignation as the Company’s Principal Accounting Officer, effective as of May 26, 2026.
Max materiality 0.75 · Median 0.50 · Most common event debt