NUVEEN CHURCHILL DIRECT LEND

Ticker: NCDL CUSIP: 67090S108 Class: COM SHS

Adams Asset Advisors, LLC's Holding History (CIK: 0001386929)

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

Q4 2025

Shares 87,695 Value ($000) $1,170 Avg Close $13.75 Range $12.73 - $14.58

Q3 2025

Shares 87,695 Value ($000) $1,210 Avg Close $15.00 Range $13.23 - $16.18

Q2 2025

Shares 90,151 Value ($000) $1,460 Avg Close $14.43 Range $12.95 - $15.66

Q1 2025

Shares 82,394 Value ($000) $1,399 Avg Close $15.22 Range $14.30 - $15.99

Q4 2024

Shares 31,012 Value ($000) $520 Avg Close $14.69 Range $14.28 - $15.20

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	87,695	$1,170	$13.75	$12.73 - $14.58
Q3 2025	87,695	$1,210	$15.00	$13.23 - $16.18
Q2 2025	90,151	$1,460	$14.43	$12.95 - $15.66
Q1 2025	82,394	$1,399	$15.22	$14.30 - $15.99
Q4 2024	31,012	$520	$14.69	$14.28 - $15.20