Morgan Stanley Direct Lending Fund (MSDL) Shares Outstanding (2022 - 2025)

Morgan Stanley Direct Lending Fund (MSDL) has 4 years of Shares Outstanding data on file, last reported at $87.0 million in Q2 2025.

• Quarterly Shares Outstanding fell 2.73% year-over-year to $87.0 million in Q2 2025, while the trailing twelve-month figure through Jun 2025 was $87.0 million (down 2.73% YoY) and the FY2023 annual result came in at $83.3 million, up 18.06% from the prior year.
• Shares Outstanding declined to $87.0 million in Q2 2025 per MSDL's latest filing, from $88.0 million in the prior quarter.
• Across five years, Shares Outstanding topped out at $89.4 million in Q2 2024 and bottomed at $57.2 million in Q1 2022.
• The 4-year median for Shares Outstanding is $72.0 million (2023), against an average of $76.5 million.
• The widest annual swing landed in 2024, when Shares Outstanding climbed 25.24%; it then dropped 2.73% in 2025.
• Tracing MSDL's Shares Outstanding over 4 years: stood at $70.5 million in 2022, then rose by 18.06% to $83.3 million in 2023, then rose by 6.88% to $89.0 million in 2024, then slipped by 2.3% to $87.0 million in 2025.
• Per Business Quant, the three latest MSDL Shares Outstanding figures stand at $87.0 million (Q2 2025), $88.0 million (Q1 2025), and $89.0 million (Q3 2024).

Peer Comparison