Morgan Stanley Direct Lending Fund (MSDL) Amortizatization of Intangibles (2022 - 2026)

Morgan Stanley Direct Lending Fund (MSDL) has reported Amortizatization of Intangibles for 5 consecutive years, with $3.5 million the latest figure, recorded in Q1 2026.

• In Q1 2026, Amortizatization of Intangibles fell 18.15% year-over-year to $3.5 million; the TTM figure through Mar 2026 stood at $14.9 million (down 9.37% YoY), while the FY2025 annual figure was $15.7 million, up 5.53% from the prior year.
• Amortizatization of Intangibles advanced to $3.5 million in Q1 2026 per MSDL's latest filing, from $3.4 million in the prior quarter.
• Across five years, Amortizatization of Intangibles topped out at $4.7 million in Q3 2024 and bottomed at $2.0 million in Q1 2022.
• Historically, Amortizatization of Intangibles has averaged $3.3 million across 5 years, with a median of $3.4 million in 2025.
• Annual changes were most pronounced in 2023 — Amortizatization of Intangibles slumped 40.59% — and 2024, when it jumped 118.11%.
• Morgan Stanley Direct Lending Fund's Amortizatization of Intangibles stood at $2.5 million in 2022, then surged by 60.34% to $4.0 million in 2023, then slipped by 26.45% to $3.0 million in 2024, then advanced by 15.35% to $3.4 million in 2025, then climbed by 2.84% to $3.5 million in 2026.
• Business Quant data shows MSDL's Amortizatization of Intangibles at $3.5 million in Q1 2026, $3.4 million in Q4 2025, and $4.1 million in Q3 2025.