Nuveen Churchill Direct Lending Q3 net investment income falls 12% to $18.78 million
NCDL•Nuveen Churchill Direct Lending’s third-quarter 2026 net investment income fell 12% year over year to $18.78 million. The board declared a fourth-quarter distribution of $0.38 per share, payable around January 28, 2027.
1. Third-quarter results
Net investment income fell 12% year over year to $18.78 million, as investment income dropped 15% to $43.67 million and net expenses declined 16% to $24.9 million. Net asset value per share was $17.13 at September 30, 2026, down from June 30, 2026.
2. Distribution and financing
The board declared a fourth-quarter distribution of $0.38 per share, payable around January 28, 2027. During the quarter, the lender refinanced one of its CLOs and added $100 million of unsecured debt.
