Welcome to our dedicated page for Nuveen Churchill Direct Lending SEC filings (Ticker: NCDL), 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.
This page provides access to Nuveen Churchill Direct Lending Corp. (NYSE: NCDL) SEC filings, offering detailed insight into the company’s operations as a specialty finance business and business development company. NCDL focuses primarily on investing in senior secured loans to private equity-owned U.S. middle market companies and reports extensively on these activities in its regulatory documents.
Through its annual reports on Form 10-K and quarterly reports on Form 10-Q, NCDL discloses investment income, expenses, net investment income, and realized and unrealized gains and losses on its portfolio of non-controlled, non-affiliated company investments. These filings also describe the composition of the portfolio by first-lien debt, subordinated debt, and equity investments, as well as internal risk ratings, non-accrual positions, and net asset value per share.
Current reports on Form 8-K, such as those furnished in connection with quarterly earnings releases, provide timely updates on results of operations and financial condition. They often include attached press releases and earnings presentations as exhibits, giving additional context on portfolio performance, leverage, liquidity, and distribution declarations.
Investors can also use NCDL’s SEC filings to track information about its capital structure, including secured borrowings, unsecured notes offerings, revolving credit facilities, and debt-to-equity metrics. Disclosures about advisory arrangements, management fees, and incentive fee waivers are set out in the notes to the financial statements and related sections of these reports.
On Stock Titan, NCDL’s filings are paired with AI-powered summaries that highlight key points from lengthy documents, helping readers quickly understand the main drivers of performance, changes in portfolio composition, and important risk disclosures without having to parse every line of the original filings.
Nuveen Churchill Direct Lending Corp. filed a post-effective amendment to a shelf registration to permit, from time to time after effectiveness, offerings of up to $1,000,000,000 of common stock, preferred stock, subscription rights, warrants or debt securities. The prospectus states offerings will be made in one or more supplements and may include sales to existing shareholders in a rights offering.
The company is an externally managed BDC and intends to qualify as a RIC. Its common stock trades on the NYSE under the symbol NCDL; the last reported sale on June 8, 2026 was $12.60 per share, which the prospectus reports as a 28.00% discount to NAV per share as of March 31, 2026. The shelf prospectus is subject to completion and final prospectus supplements will detail offering terms.
Nuveen Churchill Direct Lending Corp. reported the results of its 2026 virtual annual meeting of shareholders. Shareholders of record as of March 31, 2026 could vote, with 49,387,065 shares of common stock outstanding and entitled to vote.
A quorum of 25,732,027 shares was present or represented by proxy, allowing business to be conducted. Shareholders elected Class III directors to serve until the 2029 annual meeting. Kenneth Kencel received 25,473,474 votes for and 258,553 votes withheld, while Stephen Potter received 23,945,683 votes for and 1,786,344 votes withheld.
Nuveen Churchill Direct Lending Corp. insider activity: Chief Financial Officer and Treasurer Shaul Vichness reported an open-market purchase of 5,000 shares of common stock at $13.20 per share on May 14, 2026, held indirectly by a trust, bringing the trust’s holdings to 30,705.259 shares.
The filing also reports 385.770 shares held directly as an “other” transaction on April 27, 2026, tied to the company’s Dividend Reinvestment Plan at $14.18 per share, resulting in 14,060.770 shares held directly. Footnotes note additional DRIP acquisitions of 385.777 direct shares and 705.259 indirect trust shares on the same date.
Nuveen Churchill Direct Lending Corp.'s Chief Accounting Officer Marissa Hassen made an open-market purchase of the company’s Common Stock. She bought 3,782 shares at a price of $13.21 per share. Following this transaction, she directly owns a total of 9,780 shares of Nuveen Churchill Direct Lending Corp.
Nuveen Churchill Direct Lending Corp. reported first quarter 2026 results highlighted by net investment income of $20.0 million, or $0.41 per share, and a net increase in net assets from operations of $8.7 million, or $0.18 per share.
Net asset value per share was $17.50, down slightly from $17.72 as of December 31, 2025. The company paid a first quarter distribution of $0.40 per share and declared a second quarter distribution of $0.38 per share, consisting of a $0.36 regular and $0.02 supplemental distribution.
The investment portfolio totaled $2.0 billion at fair value across 236 portfolio companies, with approximately 89.7% in first-lien debt and a weighted average yield on debt and income-producing investments of 9.3% at cost. Five portfolio companies were on non-accrual, representing 0.6% of total investments at fair value.
Investment income was $46.3 million for the quarter, down from $53.6 million a year earlier, while net expenses were broadly stable at $26.2 million. As of March 31, 2026, the company held $50.4 million in cash and cash equivalents, had $1.1 billion of total debt outstanding and reported a debt-to-equity ratio of 1.32x, with approximately $233.0 million available under its revolving credit facility.
Nuveen Churchill Direct Lending Corp. will hold a virtual annual shareholder meeting on May 21, 2026 at 12:30 p.m. Eastern to elect two Class III directors, Kenneth Kencel and Stephen Potter, to terms running to the 2029 annual meeting.
Shareholders of record at the close of business on March 31, 2026, when 49,387,065 common shares were outstanding, may vote online, by phone or by mail under SEC “notice and access” rules. The board is majority independent, uses a lead independent director structure, and unanimously recommends voting FOR the director slate. The filing also details governance practices, advisory arrangements and independent director cash retainers.
Nuveen Churchill Direct Lending Corp. adopted a Rule 10b5-1 share repurchase plan allowing it to buy back up to $50.0 million of its common stock in the open market. Purchases may occur only when the stock trades below the most recently reported net asset value per share.
The plan, executed through BofA Securities, Inc. as agent, scales purchase volume higher if the share price declines, subject to trading volume limits. It becomes effective on March 24, 2026 and will end once the 12-month term expires, the full $50.0 million is used, or other specified termination events occur.
Nuveen Churchill Direct Lending Corp. executive buys more shares. Chief Financial Officer and Treasurer Vichness Shaul reported an open-market purchase of 5,000 shares of common stock on March 12, 2026 at $13.13 per share through a trust. Following this transaction, indirect holdings held by trust total 25,000 shares, and direct holdings are 13,675 shares of common stock.