tadamichi In this article, we discuss the business development company (“BDC”) Nuveen Churchill Direct Lending Corp. (NYSE:NCDL). The company IPO'd earlier in the year, along with several other previously private BDCs. NCDL trades at a 13% dividend yield and has a net investment yield of 13.4% — slightly above the sector average. Its price trades at a 6% discount to book, slightly below the median and 7% below the average BDC in our coverage. The company delivered a 2.1% total NAV return over the quarte ...