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Morgan Stanley

Morgan Stanley Direct Lending Fund Holds 2025 Annual Meeting of Stockholders

Strategic Insights

— 2 min read

Morgan Stanley Direct Lending Fund, a leading closed-end management investment company, held its 2025 Annual Meeting of Stockholders on June 2, 2025. The meeting, attended by 65,681,345 shares of common stock, represented a quorum and featured the election of two directors, Bruce D. Frank and Adam Metz, as well as the ratification of Deloitte & Touche LLP as the company's independent registered public accounting firm for the fiscal year ending December 31, 2025. Each proposal was approved by the requisite vote.

Key Takeaways:

  • The 2025 Annual Meeting of Stockholders was held on June 2, 2025, with 65,681,345 shares of common stock present or represented by proxy, constituting a quorum.
  • The meeting elected two directors, Bruce D. Frank and Adam Metz, each to serve for a three-year term.
  • The proposal to ratify the selection of Deloitte & Touche LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2025, was approved by a significant margin, with 64,223,117 votes in favor and 866,607 votes against.
  • The Board of Directors of Morgan Stanley Direct Lending Fund consists of six members, with Bruce D. Frank and Adam Metz being newly elected members.
  • The Fund's investment objective is to provide a high level of current income, with a secondary objective of capital appreciation.
  • The Fund invests primarily in senior secured loans, including first lien and second lien loans, to companies with a high degree of financial stability and a proven track record of success.
  • The Fund's investment portfolio is actively managed by the investment adviser, who selects and monitors investments based on a thorough analysis of each company's financial condition and business prospects.

Statistics:

  • The number of shares of common stock of Morgan Stanley Direct Lending Fund outstanding and entitled to vote as of April 4, 2025, was 87,920,526.
  • The number of shares of common stock of Morgan Stanley Direct Lending Fund present or represented by proxy at the Annual Meeting on June 2, 2025, was 65,681,345, constituting a quorum.
  • The number of votes in favor of Proposal 1, the election of Bruce D. Frank and Adam Metz as directors, was 18,768,985 and 17,575,996, respectively.
  • The number of votes in favor of Proposal 2, the ratification of Deloitte & Touche LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2025, was 64,223,117.

Sources:

  • Morgan Stanley Direct Lending Fund's Form 8-K filing with the Securities and Exchange Commission on June 2, 2025.
  • Morgan Stanley Direct Lending Fund's 2025 Annual Meeting of Stockholders proxy statement.

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