Welcome to our dedicated page for MORGAN STANLEY DIRECT LENDING SEC filings (Ticker: MSDL), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Morgan Stanley Direct Lending Fund (NYSE: MSDL) SEC filings page provides direct access to the company’s regulatory disclosures as a publicly traded, externally managed Business Development Company. MSDL files annual reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K, along with registration statements and exhibits related to its financing activities.
In its 10-K and 10-Q filings, MSDL details its investment portfolio of senior secured and second lien loans, other debt investments and equity positions in U.S. middle-market companies. These reports include information on investments at fair value, net assets, net asset value per share, leverage, non-accrual investments and the composition of the portfolio by asset type and industry, as well as disclosures on management and incentive fees paid to its external adviser, MS Capital Partners Adviser Inc.
Form 8-K filings highlight material events such as quarterly and annual financial results, regular dividend declarations, amendments to the BNP funding facility and other credit arrangements, the pricing and issuance of senior unsecured notes, and the completion or pricing of term debt securitizations (collateralized loan obligations) through subsidiaries like North Haven Private Credit CLO 1 LLC. 8-Ks also report changes in key officers, including the Chief Executive Officer, Chief Investment Officer, Co-Presidents and Chief Compliance Officer.
MSDL’s filings further describe its status as a non-diversified, closed-end investment management company regulated as a BDC and its election to be treated as a Regulated Investment Company for tax purposes. They explain that MSDL is not a subsidiary of Morgan Stanley, is not consolidated with Morgan Stanley and that Morgan Stanley has no obligation to provide financial support to the fund.
On Stock Titan, investors can review these filings alongside AI-powered summaries that help explain complex sections, highlight key metrics and track developments in MSDL’s leverage, portfolio quality, financing structures and governance over time.
Morgan Stanley Direct Lending Fund reported softer first-quarter 2026 results and declared a regular dividend. Net investment income was $40.5 million, or $0.47 per share, as lower base rates reduced total investment income to $89.1 million. Realized and unrealized losses drove a small net loss of $0.05 per share and reduced net asset value to $19.81.
The board declared a second-quarter 2026 regular dividend of $0.45 per share, payable on or around July 24, 2026 to shareholders of record on June 30. The company maintained a largely first-lien, floating-rate portfolio of about $3.7 billion fair value and ended the quarter with $2.06 billion of debt and ample liquidity.
The company’s quarterly report details a large, diversified portfolio of non‑controlled, non‑affiliated investments across software, health care, financial services, industrials, and consumer services. Most positions are first lien term loans or revolvers, often structured as delayed draw commitments with expirations generally between 2026 and 2033.
Many loans reference floating benchmarks such as S + 4.50% to S + 7.25% or P + 3.50% to P + 4.75%, with all‑in cash interest rates commonly in the 8%–11% range. Select instruments include PIK (paid‑in‑kind) features, with preferred equity coupons such as 10.50%–14.00% PIK, and some second lien or unsecured debt carrying higher stated rates, including examples above 13%. Final maturities and commitment expirations extend into the early 2030s, highlighting a predominantly medium‑ to long‑term credit profile.
Morgan Stanley Direct Lending Fund amended its Amended and Restated Senior Secured Revolving Credit Agreement with Truist Bank and other lenders. The amendment extends the commitment termination date from February 23, 2029 to April 23, 2030 and pushes the facility’s maturity from February 25, 2030 to April 23, 2031.
Truist Bank remains administrative agent, with subsidiary guarantors and multiple joint lead arrangers participating under the revised schedule, giving the company a longer-dated revolving credit framework.
Morgan Stanley Direct Lending Fund is asking stockholders to participate in its fully virtual 2026 annual meeting on June 1, 2026. Holders of 85,286,212 common shares as of April 6, 2026 can vote online, by phone, mail or during the webcast.
Stockholders are being asked to elect two Class I directors, David N. Miller and Kevin Shannon, to new three-year terms and to ratify Deloitte & Touche LLP as independent registered public accounting firm for the year ending December 31, 2026. The board, which is majority independent and organized into audit, compensation, and nominating committees, unanimously recommends voting FOR both director nominees and FOR Deloitte’s ratification.
Morgan Stanley Direct Lending Fund will release its financial results for the first quarter ended March 31, 2026 on Thursday, May 7, 2026, after the market closes. The company will host an earnings conference call on Friday, May 8, 2026 at 10:00 a.m. Eastern Time to discuss the results and hold a question-and-answer session.
Morgan Stanley Direct Lending Fund insider activity shows an open-market purchase linked to Co-President Jeff M. Day. On this transaction date, 5,000 shares of common stock were bought at $14.895 per share through The Day Family Trust, which now holds 22,818 shares indirectly attributed to him. Mr. Day is co-trustee of the trust and disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.
Morgan Stanley Direct Lending Fund reported an insider share purchase. Officer Mizrachi Orit bought 1,000 shares of common stock in an open-market transaction at $14.49 per share. After this trade, Orit directly owns 5,867 shares of Morgan Stanley Direct Lending Fund common stock.
Morgan Stanley Direct Lending Fund director David N. Miller reported buying a total of 10,000 shares of common stock in open-market transactions. He purchased 5,000 shares at $14.68 per share and another 5,000 shares at $14.69 per share.
After these purchases, Miller directly owns 15,000 shares. The filing also shows an additional 17,168 shares held indirectly through the MSSB C/F David Nathan Miller IRA, which owns those reported securities.
Morgan Stanley Direct Lending Fund director and CEO Michael Occi Jr. bought 7,000 shares of common stock in an open-market transaction on March 2, 2026 at an average price of $14.8712 per share, increasing his directly held stake to 28,500 shares.