Morgan Stanley Direct Lending Fund
For the period ended Dec 31, 2023. Filed Mar 1, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 1, 2024
MSDL$14.00+0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Assets and Liabilities
(In thousands, except share and per share amounts)
| As of | ||
|---|---|---|
| December 31, 2023 | December 31, 2022 | |
| (Audited) | (Audited) | |
| Assets | ||
| Non-controlled/non-affiliated investments, at fair value (amortized cost of $3,226,776 and $2,939,646) | $3,193,561 | $2,873,588 |
| Cash | 69,705 | 81,215 |
| Deferred financing costs | 14,317 | 7,624 |
| Interest and dividend receivable from non-controlled/non-affiliated investments | 28,884 | 20,911 |
| Subscription receivable | 41 | 2,556 |
| Receivable for investments sold/repaid | 173 | 188 |
| Prepaid expenses and other assets | 53 | 40 |
| Total assets | 3,306,734 | 2,986,122 |
| Liabilities | ||
| Debt (net of unamortized debt issuance costs of $5,564 and $7,899) | 1,496,032 | 1,523,475 |
| Payable for investment purchased | 8 | — |
| Payable to affiliates (Note 3) | 2,870 | 2,086 |
| Dividends payable | 49,968 | 33,058 |
| Management fees payable | 2,012 | 1,783 |
| Income based incentive fees payable | 11,766 | 8,118 |
| Interest payable | 18,823 | 17,019 |
| Accrued expenses and other liabilities | 4,104 | 3,278 |
| Total liabilities | 1,585,583 | 1,588,817 |
| Commitments and Contingencies (Note 7) | ||
| Net assets | ||
| Preferred stock, $0.001 par value (1,000,000 shares authorized; no shares issued and outstanding) | — | — |
| Common stock, par value $0.001 (100,000,000 shares authorized; 83,278,831 and 70,536,678 shares issued and outstanding) | 83 | 71 |
| Paid-in capital in excess of par value | 1,712,609 | 1,452,013 |
| Total distributable earnings (loss) | 8,459 | (54,779) |
| Total net assets | $1,721,151 | $1,397,305 |
| Total liabilities and net assets | $3,306,734 | $2,986,122 |
| Net asset value per share | $20.67 | $19.81 |
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