Stocks MSDL
NYSEMorgan Stanley Direct Lending Fund (MSDL)
At June 30, 2026 it held $65.8M in cash against $2B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on August 6, 2026.
Watch MSDL in 60 secondsWhat Morgan Stanley Direct Lending Fund does
Its shares trade on NYSE under the ticker MSDL.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | n/a | $122.1M | $1.40 | n/a |
| 2024 | n/a | $215.6M | $2.43 | n/a |
| 2023 | n/a | $231M | $3.11 | n/a |
| 2023 | n/a | $48.5M | $0.79 | n/a |
| 2021 | n/a | $83.3M | $2.67 | n/a |
Full financial statements: income, balance sheet and cash flow
Dividends
It paid out $184M in cash dividends, 151% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | n/a | $184M | 151% |
| 2024 | n/a | $169.1M | 78% |
| 2023 | $2.27 | $110.5M | 48% |
| 2023 | $1.92 | $85.7M | 177% |
| 2021 | n/a | $38.2M | 46% |
Latest SEC filings
What Morgan Stanley Direct Lending Fund has filed recently, newest first. Each links to the original document on SEC EDGAR.
- August 6, 2026
- August 6, 2026
- July 9, 2026
- July 6, 2026
- July 1, 2026
- July 1, 2026
- June 29, 2026
- June 29, 2026Form 497AD filing 497AD
- June 29, 2026
- June 2, 2026
Insider trades
What the people running Morgan Stanley Direct Lending Fund did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider trades were reported in the last 90 days.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| March 5, 2026 | Day Jeff M.Co-President | Boughtindirect | 5,000 | $74.5K |
| March 3, 2026 | Miller David NDirector | Bought | 5,000 | $73.5K |
| March 3, 2026 | Mizrachi OritSee Remarks | Bought | 1,000 | $14.5K |
| March 2, 2026 | Occi Michael Jr.Chief Executive Officer, Director | Bought | 7,000 | $104.1K |
| March 2, 2026 | Miller David NDirector | Bought | 5,000 | $73.4K |
| November 11, 2025 | Krishnan AshwinChief Investment Officer | Bought | 3,000 | $50.2K |
| November 10, 2025 | Frank Bruce DDirector | Boughtindirect | 600 | $9.8K |
| October 6, 2025 | Binstock JoanDirector | Boughtindirect | 9,030 | $150.2K |
Who owns MSDL
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
Largest institutional holders
Insiders
7 insiders reported holding 129,614 shares in total, about $1.8M at the last price.
| Holder | Shares |
|---|---|
| Binstock JoanDirector | 50,04250,042 held indirectly |
| Occi Michael Jr.Chief Executive Officer, Director | 28,500 |
| Day Jeff M.Co-President | 22,81822,818 held indirectly |
| Miller David NDirector | 15,000 |
| Mizrachi OritSee Remarks | 5,867 |
| Frank Bruce DDirector | 4,3874,387 held indirectly |
| Krishnan AshwinChief Investment Officer | 3,000 |
Questions about MSDL
What does Morgan Stanley Direct Lending Fund do?
Its shares trade on NYSE under the ticker MSDL.
Is Morgan Stanley Direct Lending Fund profitable?
Yes. Over the twelve months to June 30, 2026 it reported net income of $59.7M.
When did Morgan Stanley Direct Lending Fund last report?
Its most recent periodic report is the quarterly report (10-Q) filed on August 6, 2026. It covers the period to June 30, 2026.
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Follow MSDL: get an email when it filesWhere the numbers come from
Financial figures are the values Morgan Stanley Direct Lending Fund tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.