Nuveen Churchill Direct Lending Corp. ( (NCDL) ) has shared an update.
Nuveen Churchill Direct Lending Corp. reported its financial results for the full year and fourth quarter ending December 31, 2024, on February 27, 2025. The company achieved a net investment income of $0.56 per share for the fourth quarter and declared a first-quarter regular distribution of $0.45 per share. The company experienced a strong year with over $950 million in new investments, reflecting a 40% increase year-over-year. NCDL’s portfolio saw an increase in fair value to $2.08 billion across 210 companies, and the company remains well-positioned with ample liquidity and no near-term debt maturities. The financial results indicate a robust performance with a return on equity of over 12% for the year, supported by high-quality new originations and strategic balance sheet optimization.
More about Nuveen Churchill Direct Lending Corp.
Nuveen Churchill Direct Lending Corp. (NCDL) is a specialty finance company that primarily invests in senior secured loans to private equity-owned U.S. middle market companies. It operates as a business development company under the Investment Company Act of 1940 and is managed by Churchill DLC Advisor LLC and Churchill Asset Management LLC.
YTD Price Performance: 6.47%
Average Trading Volume: 295,437
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $967.7M
For detailed information about NCDL stock, go to TipRanks’ Stock Analysis page.