Morgan Stanley Direct Lending Fund (MSDL) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
MSDL currently has 86.8M outstanding shares. with minimal authorized share overhang for future dilution. The company has not diluted shareholders through share issuances in the past 2 years, which is positive for existing holders.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| Nov 06, 2025 |
10-Q filing | 86.8M shares outstanding |
87M | 0 |
| Aug 07, 2025 |
10-Q filing | 87.2M shares outstanding |
87M | 0 |
| May 08, 2025 |
10-Q filing | 88.4M shares outstanding |
88M | 0 |
| Feb 27, 2025 |
10-K filing | 88.6M shares outstanding |
89M | 0 |
| Nov 07, 2024 |
10-Q filing | 89.3M shares outstanding |
89M | 0 |
| Aug 08, 2024 |
10-Q filing | 89.3M shares outstanding |
89M | 0 |
| May 09, 2024 |
10-Q filing | 87.4M shares outstanding |
87M | 0 |
| Mar 01, 2024 |
10-K filing | 88.9M shares outstanding |
89M | 0 |
| Nov 02, 2023 |
10-Q filing | 83.3M shares outstanding |
83M | 0 |
| Oct 10, 2023 |
8-K filing: Morgan Stanley Direct Lending Fund sold 10,695,914 shares of common stock at an aggregate offering price of approximately $220.5 million on October 4, 2023. ($220.5M proceeds) |
71M | 0 |
| Aug 09, 2023 |
10-Q filing | 71.3M shares outstanding |
71M | 0 |
| May 10, 2023 |
10-Q filing | 70.9M shares outstanding |
71M | 0 |
| Mar 09, 2023 |
10-K filing | 71.0M shares outstanding |
71M | 0 |
| Feb 10, 2020 |
8-K filing: Morgan Stanley Direct Lending Fund sold 2,874,810 shares of common stock for approximately $57.5 million on February 5, 2020, pursuant to subscription agreements. ($57.5M proceeds) |
N/A | 0 |