Morgan Stanley Direct Lending Fund Announces 2024 Annual Meeting of Stockholders

TL;DR

Morgan Stanley Direct Lending Fund is holding its 2024 Annual Meeting on June 3, 2024, to elect directors and ratify the auditor.

AI Summary

Morgan Stanley Direct Lending Fund (MSDL) filed a Proxy Statement (DEF 14A) with the SEC on April 23, 2024. The 2024 Annual Meeting of Stockholders for Morgan Stanley Direct Lending Fund will be held virtually on June 3, 2024, at 9:30 a.m. Eastern Time. Stockholders will vote on proposals to elect two directors to the Board. The selection of Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2024, will be ratified. The Board of Directors unanimously recommends voting 'FOR' the director nominees. The Board of Directors unanimously recommends voting 'FOR' the ratification of Deloitte & Touche LLP as the independent auditor.

Why It Matters

For investors and stakeholders tracking Morgan Stanley Direct Lending Fund, this filing contains several important signals. The meeting is a key governance event where stockholders directly influence the company's leadership and financial oversight. The ratification of the auditor ensures continued independent scrutiny of the company's financial statements, crucial for investor confidence.

Risk Assessment

Risk Level: low — Morgan Stanley Direct Lending Fund shows low risk based on this filing. The filing is a routine proxy statement for an annual meeting with standard proposals, indicating no immediate or significant new risks.

Analyst Insight

Stockholders should review the director nominees and auditor ratification proposals and vote to ensure their interests are represented.

Key Numbers

• June 3, 2024 — Meeting Date (2024 Annual Meeting of Stockholders)
• 9:30 a.m. Eastern Time — Meeting Time (2024 Annual Meeting of Stockholders)
• December 31, 2024 — Fiscal Year End (For independent registered public accounting firm)

Key Players & Entities

• Morgan Stanley Direct Lending Fund (company) — Registrant and filer of the proxy statement
• Deloitte & Touche LLP (company) — Proposed independent registered public accounting firm
• June 3, 2024 (date) — Date of the Annual Meeting of Stockholders
• December 31, 2024 (date) — Fiscal year end for which the auditor is being ratified
• 2024 (date) — Year of the Annual Meeting of Stockholders

FAQ

Industry Context

Morgan Stanley Direct Lending Fund operates as a closed-end investment company, likely focused on direct lending strategies within the financial services sector.

Regulatory Implications

The filing is made under Schedule 14A of the Securities Exchange Act of 1934, requiring detailed information for proxy solicitations.

What Investors Should Do

1. Review the qualifications of the director nominees.
2. Consider the ratification of Deloitte & Touche LLP as the independent auditor.
3. Vote by the deadline to ensure representation at the Annual Meeting.

Key Dates

• 2024-06-03: Annual Meeting of Stockholders — Key date for voting on director nominees and auditor ratification.
• 2024-04-23: Filing Date — Date the Definitive Proxy Statement (DEF 14A) was filed with the SEC.

Year-Over-Year Comparison

This is a Definitive Proxy Statement (DEF 14A) filed for the 2024 Annual Meeting, indicating a routine governance event.

Key Financial Figures

• $50,000 — ompany is estimated to be approximately $50,000 plus reasonable out-of-pocket expenses.

Filing Documents

• tm242964-1_def14a.htm (DEF 14A) — 312KB
• px_24morganpage01-bw.jpg (GRAPHIC) — 110KB
• px_24morganpage02-bw.jpg (GRAPHIC) — 116KB
• px_24morganpage03-bw.jpg (GRAPHIC) — 230KB
• 0001104659-24-050583.txt ( ) — 856KB

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT Beneficial ownership is determined in accordance with the rules and regulations of the SEC. These rules generally provide that a person is the beneficial owner of securities if such person has or shares the power to vote or direct the voting thereof, or to dispose or direct the disposition thereof or has the right to acquire such powers within 60 days. The following table sets forth, as of the Record Date, the beneficial ownership as indicated in the Company's books and records of each current Director, each nominee for Director, each executive officer of the Company, the executive officers and Directors as a group, and each person known to us to beneficially own 5% or more of the outstanding shares of our common stock. Ownership information for those persons who beneficially own 5% or more of the outstanding shares of our common stock is based on Schedule 13G or other filings by such persons with the SEC and other information obtained from such persons. The percentage ownership is based on 88,894,490 shares of the Company's common stock outstanding as of the Record Date. To our knowledge, except as indicated in the footnotes to the table, each of the stockholders listed below has sole voting and/or investment power with respect to shares beneficially owned by such stockholder. Unless otherwise indicated by footnote, the address for each listed individual is c/o Morgan Stanley Direct Lending Fund, 1585 Broadway, New York, NY 10036. Name of Individual or Identity of Group Type of ownership Number of Shares of Common Stock Beneficially Owned (1) Percent of Common Stock Beneficially Owned (1) Directors and Executive Officers: Interested Directors David N. Miller (2) Record/Beneficial 12,168 * Jeffrey S. Levin Record/Beneficial 48,599 * Independent Directors Joan Binstock (3) Record/Beneficial 30,206 * Bruce D. Frank (4) Record/Beneficial 3,030 * Ke

View Full Filing

View this DEF 14A filing on SEC EDGAR