Nuveen Churchill Direct Lending Corp. Announces Third Quarter 2026 Results
Business Wire•03/11/2026•07:20 ET
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Key Highlights
- ➤Net investment income $0.38 per share; net assets from operations rose $0.32 per share
- ➤Fourth-quarter distribution $0.38 per share, including $0.36 regular and $0.02 supplemental
- ➤NAV per share $17.13, down from $17.19 in the prior quarter
- ➤Joint venture formed July 7; 43.9% of total capital commitments called by September 30
- ➤Debt-to-equity ratio 1.23x, down from 1.29x as of June 30
Expert Statements
Ken Kencel, President and Chief Executive Officer of Nuveen Churchill Direct Lending Corp.
“NCDL reported solid third quarter financial results, highlighting the overall strength and stability of our investment portfolio. Our credit metrics and fundamentals remain strong, reflecting our conservative underwriting approach, as well as our well-diversified portfolio across position sizing and industry concentrations. As we look ahead, we remain confident in our ability to reward shareholders with an attractive distribution yield and total return profile.”
Shai Vichness, Chief Financial Officer and Treasurer of Nuveen Churchill Direct Lending Corp.
“We took meaningful actions to optimize and strengthen our balance sheet and capital structure in the third quarter, including a refinancing of one of our CLOs and the addition of $100 million of unsecured debt. During the quarter, we commenced operations of our joint venture, and we expect to continue to ramp the JV, which we believe will be accretive to NCDL's earnings profile and provide enhanced operating flexibility.”
Nuveen Churchill Direct Lending Corp. Announces Third Quarter 2026 Results
Reports Third Quarter Net Investment Income of $0.38 per Share
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