Morgan Stanley Direct Lending Fund

The Morgan Stanley Direct Lending Fund has issued a $350 million bond maturing on July 15, 2031, with a coupon of 6.100%. The transaction is expected to close around July 9, 2026; net proceeds will be used to repay existing secured borrowings. MSDL reports total liabilities of about $2.05 billion and currently yields a dividend of 11.67%. Several investment banks are acting as joint book‑running managers for the issuance. » More on de.investing.com

Morgan Stanley Direct Lending Fund reported Q1 2026 EPS of -$0.05 versus a forecast of $0.52, a negative surprise of about 109.6%. Total investment income fell 7.8% to $89.1 million, and NAV per share declined 2.2% to $19.81. The fund’s management formed the joint venture Capstone Lending to optimize capital deployment and expects contributions to earnings from Q2 2026; the stock slipped 1.34% in after-hours trading. » More on de.investing.com

Morgan Stanley Direct Lending Fund reported net investment income of $0.47 per share for Q1 2026, below the consensus forecast of $0.52. Investment income amounted to $89.1 million, down 7.8% versus Q4 2025; net assets were $1.69 billion and NAV per share was $19.81. The dividend coverage ratio remains strong at 104%; the fund executed share repurchases totaling $15 million below NAV. After the results, the stock fell in premarket trading and management continues to emphasize disciplined underwriting and the Capstone Lending joint venture to enhance yields. » More on de.investing.com

Shares of the Morgan Stanley Direct Lending Fund closed at $13.67, reaching a 52-week low, well below the high of $20.45. Year-to-date the stock has lost 31.18%. The fund trades at a P/E ratio of 9.98 and offers a dividend yield of 13%. Raymond James cut its price target from $18.50 to $17.00 but maintained an “Outperform” rating after partly better net investment income, while macroeconomic uncertainties and interest-rate volatility weigh on sentiment. » More on de.investing.com