2026-03-20 14:47:58
Nuveen Churchill Direct Lending Corp. Announces $50 Million Share Repurchase Plan
Expected Stock impact: Slightly Positive
On March 17, 2026, Nuveen Churchill Direct Lending Corp. (the "Company") entered into a share repurchase plan (the "Company 10b5-1 Plan"). This plan allows the Company to repurchase up to $50 million of its outstanding shares of common stock in the open market at prices below its then-current net asset value ("NAV") per share over a specified period. The repurchase plan is designed to enable the Company to buy back shares when it might otherwise be restricted from doing so under insider trading laws. BofA Securities, Inc. will act as the agent for these repurchases, which will be conducted in accordance with the guidelines of Rule 10b-18 and Rule 10b5-1 of the Securities Exchange Act of 1934. The plan is set to become effective on March 24, 2026, and will terminate upon the earliest of three conditions: the expiration of a 12-month period, the completion of $50 million in repurchases, or the occurrence of certain specified events. This strategic move is expected to enhance shareholder value by allowing the Company to buy back shares when they are undervalued, thus potentially increasing the NAV per share for remaining shareholders.
