Morgan Stanley Direct Lending Fund said first-quarter net investment income declined as recent Federal Reserve rate cuts flowed through its floating-rate loan portfolio. Management noted credit performance remained stable and lender economics are beginning to improve, offsetting some of the near-term income pressure.
Morgan Stanley Direct Lending Fund said first-quarter net investment income declined as recent Federal Reserve rate cuts flowed through its floating-rate loan portfolio. Management noted credit performance remained stable and lender economics are beginning to improve, offsetting some of the near-term income pressure.
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