Nuveen Churchill reports Q3 EPS 58c, consensus 58c

Reports Q3 NAV per share $18.15. “We are pleased to report strong third quarter results, including $0.58 per share of net investment income, which fully covered our regular quarterly and special distributions, and an increase in our net asset value per share quarter-over-quarter,” said Ken Kencel, President and Chief Executive Officer of NCDL and Churchill. “Deal activity and originations across the Churchill platform continued at a strong pace this quarter, which benefited NCDL, and we believe the beginning of a rate reduction cycle will spur increased M&A activity in 2025. Looking ahead, we are excited about NCDL’s future prospects, as we believe we are well-positioned to take advantage of the significant opportunity we see in the private credit market and continue to deliver an attractive yield to our shareholders.”