Morgan Stanley Direct Lending Fund Q2 net investment income falls to $0.45 per share, NAV drops to $19.50 per share.
Morgan Stanley Direct Lending Fund (MSDL) announced its second-quarter earnings, with net investment income decreasing to $0.45 per share from $0.47 per share in the previous quarter, primarily due to new non-accrual loans and increased financing costs. The board declared a regular dividend of $0.45 per share for the third quarter, maintaining the previous payout. At the end of the quarter, net asset value (NAV) per share decreased to $19.50 from $19.81 in the first quarter. Non-accrual loans as a percentage of investment cost rose to 2.9%, but management stated that approximately 95% of the investment portfolio had a risk rating of 2 or better, and metrics such as revenue, EBITDA, and interest coverage ratios showed improvement. The fund also issued $350 million in five-year unsecured notes with a coupon rate of 6.10% and repurchased $12.5 million of its shares below NAV.
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
24H Trending
-
1
GRAM (Gram, prev. Toncoin) price pulls back to $1.057, hitting a nearly 365-day low
-
2
What is the LDN Token and How to Acquire and Trade It
-
3
BCH (Bitcoin Cash) trading volume reached $2.1 million over the past hour (15.2x its average for the same period over the past 7 days), currently trading at $247.900.
-
4
A Review of Major Global Blockchain Trading Platforms and Apps
-
5
ANKR Token Analysis: Current State and Future Outlook of Web3 Infrastructure
-
6
Real-World Use Cases and Impact of Blockchain Brawlers (BRWL)
-
7
2026 US Stock Market Safe-Haven Assets Encyclopedia: How Walmart and Caterpillar Lead the Industrial Sector Amid AI Bubble Doubts
-
8
What Cryptocurrency Is ADR? A Deep Dive into the Solana Meme Project American Dollar Reserve
-
9
How is BFHT doing? What is the future outlook for BFHT?
-
10
Current Status of BUSD (Binance USD): Issuance Halted, Orderly Wind-Down Underway
Markets Today
Recommended Reading






