MORGAN STANLEY DIRECT LENDIN

Ticker: MSDL CUSIP: 61774A103 Class: COM SHS

TWO SIGMA INVESTMENTS, LP's Holding History (CIK: 0001179392)

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

Q4 2025

Shares 844,770 Value ($000) $13,922 Avg Close $16.42 Range $15.24 - $17.38

Q3 2025

Shares 341,312 Value ($000) $5,488 Avg Close $17.18 Range $15.53 - $18.77

Q2 2025

Shares 153,199 Value ($000) $2,868 Avg Close $17.74 Range $16.13 - $18.75

Q1 2025

Shares 239,299 Value ($000) $4,776 Avg Close $18.51 Range $17.78 - $19.46

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	844,770	$13,922	$16.42	$15.24 - $17.38
Q3 2025	341,312	$5,488	$17.18	$15.53 - $18.77
Q2 2025	153,199	$2,868	$17.74	$16.13 - $18.75
Q1 2025	239,299	$4,776	$18.51	$17.78 - $19.46