Morgan Stanley Direct Lending Fund (MSDL) Shares Outstanding (2022 - 2026)

Morgan Stanley Direct Lending Fund (MSDL) has reported Shares Outstanding (Entity) for 5 consecutive years, with $85.3 million the latest figure, recorded in Q1 2026.

• In Q1 2026, Shares Outstanding (Entity) fell 3.05% year-over-year to $85.3 million; the TTM figure through Mar 2026 stood at $85.3 million (down 3.05% YoY), while the FY2025 annual figure was $86.3 million, down 2.52% from the prior year.
• Shares Outstanding (Entity) slipped to $85.3 million in Q1 2026 per MSDL's latest filing, from $86.3 million in the prior quarter.
• Across five years, Shares Outstanding (Entity) topped out at $89.4 million in Q2 2024 and bottomed at $57.2 million in Q1 2022.
• Historically, Shares Outstanding (Entity) has averaged $78.9 million across 5 years, with a median of $85.3 million in 2026.
• Annual changes were most pronounced in 2024 — Shares Outstanding (Entity) increased 25.24% — and 2026, when it decreased 3.05%.
• Morgan Stanley Direct Lending Fund's Shares Outstanding (Entity) stood at $70.5 million in 2022, then climbed by 18.06% to $83.3 million in 2023, then gained by 6.28% to $88.5 million in 2024, then dropped by 2.52% to $86.3 million in 2025, then decreased by 1.09% to $85.3 million in 2026.
• Business Quant data shows MSDL's Shares Outstanding (Entity) at $85.3 million in Q1 2026, $86.3 million in Q4 2025, and $86.8 million in Q3 2025.