MORGAN STANLEY DIRECT LENDIN

Ticker: MSDL CUSIP: 61774A103 Class: COM SHS

RIVERNORTH CAPITAL MANAGEMENT, LLC's Holding History (CIK: 0001447578)

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

Q4 2025

Shares 764,543 Value ($000) $12,600 Avg Close $16.42 Range $15.24 - $17.38

Q3 2025

Shares 989,127 Value ($000) $15,905 Avg Close $17.18 Range $15.53 - $18.77

Q2 2025

Shares 207,172 Value ($000) $3,878 Avg Close $17.74 Range $16.13 - $18.75

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	764,543	$12,600	$16.42	$15.24 - $17.38
Q3 2025	989,127	$15,905	$17.18	$15.53 - $18.77
Q2 2025	207,172	$3,878	$17.74	$16.13 - $18.75