Morgan Stanley Direct Lending Fund
For the period ended Sep 30, 2026. Filed Nov 5, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 5, 2026
MSDL$13.96+2.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Changes in Net Assets
Consolidated Statements of Changes in Net Assets (Unaudited)
(In thousands, except share and per share amount)
| For the Three Months Ended | For the Nine Months Ended | |||
|---|---|---|---|---|
| September 30, 2026 | September 30, 2025 | September 30, 2026 | September 30, 2025 | |
| Net assets at the beginning of period | $1,647,868 | $1,790,299 | $1,748,089 | $1,842,156 |
| Increase (decrease) in net assets resulting from operations: | ||||
| Net investment income (loss) | 40,261 | 43,730 | 118,931 | 133,615 |
| Net realized gain (loss) | (38,186) | 26 | (58,787) | 666 |
| Net change in unrealized appreciation (depreciation) | (29,379) | (16,155) | (84,030) | (40,914) |
| Net increase (decrease) in net assets resulting from operations | (27,304) | 27,601 | (23,886) | 93,367 |
| Distributions to stockholders from: | ||||
| Distributable earnings | (37,658) | (43,406) | (114,086) | (130,897) |
| Total distributions to stockholders | (37,658) | (43,406) | (114,086) | (130,897) |
| Capital transactions: | ||||
| Issuance of common stock, net of underwriting and offering costs(1) | — | (40) | — | (163) |
| Repurchase of common stock | (12,780) | (2,843) | (39,991) | (32,852) |
| Net increase (decrease) in net assets resulting from capital transactions | (12,780) | (2,883) | (39,991) | (33,015) |
| Total increase (decrease) in net assets | (77,742) | (18,688) | (177,963) | (70,545) |
| Net assets at end of period | $1,570,126 | $1,771,611 | $1,570,126 | $1,771,611 |
| Distributions per share | $0.45 | $0.50 | $1.35 | $1.50 |
(1)Includes costs incurred in connection with the Company's at-the-market (“ATM”) program. See Note 8 "Net Assets."
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.