Nuveen Churchill Direct Lending Corp. (NYSE: NCDL) released its financial results for the second quarter of 2025, reporting a net investment income of $0.46 per share. The company declared a third-quarter regular distribution of $0.45 per share. During this period, the company experienced a net realized and unrealized loss on investments amounting to $(0.14) per share, leading to a net increase in net assets resulting from operations of $0.32 per share. Net expenses for the quarter ended June 30, 2025, rose to $30.3 million from $24.1 million in the same quarter of the previous year. This increase was primarily due to higher interest and debt financing expenses, management fees, and income-based incentive fees. The increase in management fees was attributed to a rise in the management fee base rate from 0.75% to 1.00%, effective March 31, 2025. Ken Kencel, President and CEO of NCDL, noted the company's positive performance, driven by strong platform foundations and a high-quality investment portfolio, with a low non-accrual rate of 0.2% and no new non-accruals during the quarter. The company remains focused on maintaining a disciplined approach to underwriting and sourcing high-quality investments in resilient sectors.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nuveen Churchill Direct Lending Corp. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250806577492) on August 06, 2025, and is solely responsible for the information contained therein.
Comments