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Nuveen Churchill Direct Lending

NCDL

Market cap $551M

11.16 USD

+0.06

0.54%

At close Updated Oct 30, 4:00 PM EDT

1 day

0.54%

5 days

5.38%

1 month

-0.71%

3 months

-8.45%

6 months

-23.72%

Year to date

-17.27%

1 year

-22.5%

5 years

-37.48%

10 years

-37.48%

About: Nuveen Churchill Direct Lending Corp is a specialty finance company focused predominantly on investing in senior secured loans to private equity-owned U.S. middle market companies. It is a closed-end, externally managed, non-diversified management investment company. The company's investment objective is to generate attractive risk-adjusted returns through current income by investing in senior secured loans to private equity-owned U.S. middle market companies. It invests in senior secured loans that typically pay floating interest rates and are senior in the capital structure to junior debt and equity.

Financials Asset Management

News

Positive

Neutral

Negative

Sentiment 3-Months

Positive 12.5%

Neutral 62.5%

Negative 25%

Navigating This Income Market Sell-Off

We take a look at this income market sell-off and review some of the key strategies investors can use to take the most advantage of it. Relying on static buy-under targets is ineffective and potentially dangerous during both systemic and idiosyncratic drawdowns. Effective risk management requires scenario analysis, diversification, and an 'All Weather' allocation approach rather than single-outcome bets.

Navigating This Income Market Sell-Off

Nuveen Churchill Direct Lending Corp. Schedules Third Quarter 2026 Earnings Release and Conference Call

NEW YORK--(BUSINESS WIRE)--Nuveen Churchill Direct Lending Corp. (NYSE: NCDL) (“NCDL” or “the Company”), today announced it will report its financial results for the third quarter ended September 30, 2026, on Tuesday, November 3, 2026, before the market opens. The Company will host an earnings conference call and public webcast at 10:00 AM Eastern Time the same day to discuss its financial results. All interested parties may participate in the conference call by dialing (866)-605-1826 approxima.

Nuveen Churchill Direct Lending Corp. Schedules Third Quarter 2026 Earnings Release and Conference Call

Nuveen Churchill Direct Lending: Why I'm Downgrading Despite The 30% Discount And Double-Digit Yield

Nuveen Churchill Direct Lending is downgraded from buy to hold due to deteriorating fundamentals and sector headwinds. NCDL's credit quality has weakened, with non-accruals rising to 2.7% of cost and NAV declining 4% year-over-year. Muted investment activity, a 20% dividend cut, and a 30% discount to NAV reflect ongoing macro risks and limited near-term catalysts.

Nuveen Churchill Direct Lending: Why I'm Downgrading Despite The 30% Discount And Double-Digit Yield

Nuveen Churchill Direct Lending: The Discount Is Real, The Credit Trend Is Too; Hold

Nuveen Churchill Direct Lending is rated HOLD, with a 12.4% covered yield and a deep discount to NAV reflecting credit concerns. NCDL trades at 0.711× NAV and 7.45× NII, with the market pricing in more damage than current stress scenarios support. Credit quality is deteriorating: non-accruals doubled to 2.66%, and the watch list has risen for seven consecutive quarters, but dividend coverage improved to 1.08× after a proactive cut.

Nuveen Churchill Direct Lending: The Discount Is Real, The Credit Trend Is Too; Hold

Nuveen Churchill Direct Lending Q2: 27% Discount And 9.5% Expected ROE

Nuveen Churchill Direct Lending maintains a conservative credit profile with a non-accrual ratio of 1.5%, about half the sector median. First lien loans comprise nearly 90% of NCDL's portfolio, emphasizing senior secured lending and prudent risk management. Net debt/equity improved to 1.23x, and 94.2% of leverage is floating-rate, boosting earnings in rising rate environments but heightening margin risk if rates fall.

Nuveen Churchill Direct Lending Q2: 27% Discount And 9.5% Expected ROE

Nuveen Churchill Direct Lending Q2 Earnings Call Highlights

Nuveen Churchill Direct Lending NYSE: NCDL reported second-quarter net investment income of $0.41 per share, covering its $0.36 per-share base quarterly distribution, while credit challenges during the period contributed to a decline in net asset value and an increase in non-accrual investments.

Nuveen Churchill Direct Lending Q2 Earnings Call Highlights

Nuveen Churchill Direct Lending Corp. (NCDL) Q2 2026 Earnings Call Transcript

Nuveen Churchill Direct Lending Corp. (NCDL) Q2 2026 Earnings Call Transcript

Nuveen Churchill Direct Lending Corp. (NCDL) Q2 2026 Earnings Call Transcript

Nuveen Churchill Direct Lending Corp. Announces Second Quarter 2026 Results

NEW YORK--(BUSINESS WIRE)--Nuveen Churchill Direct Lending Corp. (NYSE: NCDL) (“NCDL” or the “Company”), a business development company externally managed by its investment adviser, Churchill DLC Advisor LLC (the “Adviser”), and by its sub-adviser, Churchill Asset Management LLC (“Churchill”), today reported financial results for the second quarter ended June 30, 2026. Financial Highlights and Recent Developments for the Quarter Ended June 30, 2026 Net investment income of $0.41 per share Net r.

Nuveen Churchill Direct Lending Corp. Announces Second Quarter 2026 Results

Nuveen Churchill Direct Lending: 9% Expected Adjusted ROE With 26% Discount

Nuveen Churchill Direct Lending Corp. trades at a 26% discount to NAV, near its lowest point in five years. NCDL's portfolio is 97% invested, with only 0.6% non-accruals and strong diversification across 236 companies and key sectors. Leverage stands at 56%, with a gross asset yield of 10.6% and discount-adjusted ROE of 9.23%, outpacing average BDC OTC bonds.

Nuveen Churchill Direct Lending: 9% Expected Adjusted ROE With 26% Discount

Nuveen Churchill Direct Lending Corp. Schedules Second Quarter 2026 Earnings Release and Conference Call

NEW YORK--(BUSINESS WIRE)--Nuveen Churchill Direct Lending Corp. (NYSE: NCDL) (“NCDL” or “the Company”), today announced it will report its financial results for the second quarter ended June 30, 2026, on Thursday, August 6, 2026, before the market opens. The Company will host an earnings conference call and public webcast at 10:00 AM Eastern Time the same day to discuss its financial results.All interested parties may participate in the conference call by dialing (866)-605-1826 approximately 10.

Nuveen Churchill Direct Lending Corp. Schedules Second Quarter 2026 Earnings Release and Conference Call

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