Morgan Stanley Direct Lending Fund
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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FY2024 · Filed Feb 27, 2025
MSDL$13.96+2.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Changes in Net Assets
(In thousands, except share and per share amount)
| For the Year Ended | |||
|---|---|---|---|
| December 31, 2024 | December 31, 2023 | December 31, 2022 | |
| Net assets at the beginning of period | $1,721,151 | $1,397,305 | $1,188,587 |
| Increase (decrease) in net assets resulting from operations: | |||
| Net investment income (loss) | 220,235 | 198,061 | 128,010 |
| Net realized gain (loss) | (16,467) | 118 | 537 |
| Net change in unrealized appreciation (depreciation) | 11,796 | 32,835 | (80,005) |
| Net increase in net assets resulting from operations | 215,564 | 231,014 | 48,542 |
| Distributions to stockholders from: | |||
| Distributable earnings | (195,729) | (169,291) | (119,437) |
| Total distributions to stockholders | (195,729) | (169,291) | (119,437) |
| Capital transactions: | |||
| Issuance of common stock, net of underwriting and offering costs | 95,847 | 220,238 | 249,291 |
| Reinvestment of dividends | 23,385 | 41,885 | 30,322 |
| Repurchase of common stock | (18,062) | — | — |
| Net increase (decrease) in net assets resulting from capital transactions | 101,170 | 262,123 | 279,613 |
| Total increase (decrease) in net assets | 121,005 | 323,846 | 208,718 |
| Net assets at end of period | $1,842,156 | $1,721,151 | $1,397,305 |
| Dividends per share | $2.20 | $2.27 | $1.92 |
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