Morgan Stanley Direct Lending (MSDL) Holds Its Dividend As Profits Slip

Morgan Stanley Direct Lending Fund reported second-quarter results on August 6, keeping its regular dividend unchanged at $0.45 per share, matching the quarter’s net investment income. However, underlying metrics deteriorated, with net investment income falling to $0.45 from $0.47 in the prior quarter, and net asset value declining from $19.81 to $19.50 per share.
The company executed several financial maneuvers during and after the quarter. It repurchased 831,486 shares at an average pri