MORGAN STANLEY DIRECT LENDIN

Ticker: MSDL CUSIP: 61774A103 Class: COM SHS

Generali Asset Management SPA SGR's Holding History (CIK: 0002046751)

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

Q4 2025

Shares 1,829,964 Value ($000) $30,158 Avg Close $16.42 Range $15.24 - $17.38

Q3 2025

Shares 1,829,964 Value ($000) $29,426 Avg Close $17.18 Range $15.53 - $18.77

Q2 2025

Shares 1,761,950 Value ($000) $32,984 Avg Close $17.74 Range $16.13 - $18.75

Q1 2025

Shares 881,578 Value ($000) $17,596 Avg Close $18.51 Range $17.78 - $19.46

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	1,829,964	$30,158	$16.42	$15.24 - $17.38
Q3 2025	1,829,964	$29,426	$17.18	$15.53 - $18.77
Q2 2025	1,761,950	$32,984	$17.74	$16.13 - $18.75
Q1 2025	881,578	$17,596	$18.51	$17.78 - $19.46