Key Takeaways
- • Morgan Stanley Direct Lending Fund declared a total of $0.465 per share for fourth-quarter 2026, combining a $0.45 regular distribution and a $0.015 supplemental distribution.
- • The board declared both distributions on Nov. 3, 2026, with the supplemental payment expected on or around Dec. 15 and the regular payment on or around Jan. 22, 2027.
- • The business development company reported net investment income of $40.3 million, or $0.48 per share, for the quarter ended Sept. 30.
- • The supplemental dividend is structured to equal 50% of per-share net investment income above the regular quarterly dividend, linking shareholder payouts to earnings performance.
Summary
Morgan Stanley Direct Lending Fund declared $0.465 per share in fourth-quarter 2026 distributions, combining a regular payout and a supplemental payment for shareholders of the middle-market lender. The board declared the regular distribution of $0.45 per share and the supplemental distribution of $0.015 per share on Nov. 3, 2026.
The supplemental distribution carries Nov. 30 ex-dividend and record dates, with payment expected on or around Dec. 15. The regular distribution carries Dec. 31 ex-dividend and record dates, with payment expected on or around Jan. 22, 2027.
The business development company lends to middle-market companies. For the quarter ended Sept. 30, it reported net investment income of $40.3 million, or $0.48 per share. The board approved a quarterly supplemental dividend expected to equal 50% of per-share net investment income above the regular quarterly dividend, a policy that ties the variable component of shareholder distributions directly to earnings.
The supplemental distribution carries Nov. 30 ex-dividend and record dates, with payment expected on or around Dec. 15. The regular distribution carries Dec. 31 ex-dividend and record dates, with payment expected on or around Jan. 22, 2027.
The business development company lends to middle-market companies. For the quarter ended Sept. 30, it reported net investment income of $40.3 million, or $0.48 per share. The board approved a quarterly supplemental dividend expected to equal 50% of per-share net investment income above the regular quarterly dividend, a policy that ties the variable component of shareholder distributions directly to earnings.
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