Morgan Stanley Direct Lending Fund Q4 Earnings Per Share Totals $0.70, Lower Than $1.02 YoY; Q4 Net Investment Income Totals $55.5M, Company Registers New Investment Commitments Worth $242.9M
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley Direct Lending Fund (MSDL) reported Q4 earnings per share of $0.70, down from $1.02 YoY. Q4 net investment income was $55.5M, with new investment commitments totaling $242.9M. The board declared a regular dividend of $0.50 per share and a special dividend of $0.10 per share, paid on January 25, 2024, to stockholders of record as of December 28, 2023.
March 01, 2024 | 11:25 am
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NEUTRAL IMPACT
Morgan Stanley Direct Lending Fund reported a decrease in earnings per share from $1.02 to $0.70 YoY, with a net investment income of $55.5M and new investment commitments of $242.9M. A regular dividend of $0.50 and a special dividend of $0.10 were declared.
The decrease in earnings per share could be viewed negatively by investors, potentially impacting the stock price. However, the declaration of both regular and special dividends might offset some concerns by demonstrating the company's ability to return value to shareholders. The new investment commitments indicate growth potential, adding a positive aspect. Overall, the mixed financial results and dividend announcement suggest a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100