MORGAN STANLEY DIRECT LENDIN

Ticker: MSDL CUSIP: 61774A103 Class: COM SHS

MAI Capital Management's Holding History (CIK: 0001040197)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 50,216 Value ($000) $828 Avg Close $16.42 Range $15.24 - $17.38

Q2 2025

Shares 97,917 Value ($000) $1,833 Avg Close $17.74 Range $16.13 - $18.75

Q1 2025

Shares 99,317 Value ($000) $1,982 Avg Close $18.51 Range $17.78 - $19.46

Q4 2024

Shares 36,475 Value ($000) $754 Avg Close $17.85 Range $16.94 - $18.98

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	50,216	$828	$16.42	$15.24 - $17.38
Q2 2025	97,917	$1,833	$17.74	$16.13 - $18.75
Q1 2025	99,317	$1,982	$18.51	$17.78 - $19.46
Q4 2024	36,475	$754	$17.85	$16.94 - $18.98