Earnings Releases·Nov 3, 2026, 8:10 AM ET

Nuveen Churchill Direct Lending Corp. — Third Quarter 2026 Earnings Summary

Net investment income declined 14.5% year-over-year to $43.7 million ($0.38 per share), while net expenses fell to $24.9 million; net asset value per share decreased to $17.13 from $17.19 in Q2, and total investments at fair value dropped to $1.86 billion from $1.96 billion at year-end 2025.
Management expects continued ramp-up of the Joint Venture, which is accretive to earnings and holds $147.5 million in fair value across 95 portfolio companies, while expressing confidence in maintaining an attractive distribution yield and total return profile.
Capital structure was optimized through the refinancing of one CLO and the addition of $100 million in unsecured debt, resulting in a debt-to-equity ratio of 1.23x and $216.0 million available under the revolving credit facility.
The Board declared a Q4 distribution of $0.38 per share ($0.36 regular, $0.02 supplemental), and the company repurchased approximately $3.0 million of shares post-quarter end under its 10b5-1 plan.