Morgan Stanley Direct Lending Fund (MSDL) Tax Rate (2023 - 2026)

Morgan Stanley Direct Lending Fund (MSDL) has 4 years of Tax Rate data on file, last reported at 8.47% in Q1 2026.

• On a quarterly basis, Tax Rate rose 214.0% year-over-year to 8.47% in Q1 2026; TTM through Mar 2026 was 7.86%, a 1131.0% decrease from a year earlier, with the FY2025 full-year figure at 7.05%, up 455.0% from the prior year.
• Tax Rate for Q1 2026 stood at 8.47%, up from 2.34% in the prior quarter.
• Over the last five years, Tax Rate for MSDL reached as high as 8.47% in Q1 2026 and fell as low as 2.34% in Q4 2025.
• Historically, Tax Rate has averaged 3.49% across 4 years, with a median of 2.51% in 2023.
• Across the five-year window, Tax Rate jumped 482 bps in 2024 and slumped 990 bps in 2025, its largest moves.
• Year by year, Tax Rate stood at 2.74% in 2023, then soared by 176 bps to 7.55% in 2024, then sank by 131 bps to 2.34% in 2025, then jumped by 462 bps to 8.47% in 2026.
• Per Business Quant data, the three most recent Tax Rate figures were 8.47% in Q1 2026, 2.34% in Q4 2025, and 3.93% in Q3 2025.