Muzinich Corporate Lending Income Fund Extends Adviser Fee Waiver

What Happened
Muzinich Corporate Lending Income Fund, Inc. filed a Form 8-K on May 1, 2026, disclosing that its registered investment adviser, Muzinich Direct Lending Adviser, LLC, executed a New Fee Waiver Letter dated May 1, 2026 to extend a previously announced fee waiver. The adviser voluntarily reduced its base management fee from an annual rate of 1.25% of net assets to 0.95% of net assets and extended that reduced fee for the fiscal quarters ending June 30, 2026 and September 30, 2026. The original waiver (dated December 26, 2025) covered the two fiscal quarters ending December 31, 2025 and March 31, 2026. Absent further action by the adviser, the Company will resume paying the management fee under the Advisory Agreement on October 1, 2026.

Key Details

• Adviser: Muzinich Direct Lending Adviser, LLC; Advisory Agreement dated September 14, 2023.
• Fee reduction: base management fee lowered from 1.25% to 0.95% of the Company’s net assets.
• Coverage period: initial waiver covered quarters ending 12/31/2025 and 3/31/2026; New Fee Waiver Letter extends coverage to quarters ending 6/30/2026 and 9/30/2026.
• Termination/extension: fee waiver is voluntary and discretionary; fee payments will resume 10/1/2026 unless the adviser elects to extend the waiver.

Why It Matters
A lower management fee reduces the Company’s operating expense burden for the specified quarters, which—other things equal—can modestly improve net investment income available to shareholders or reduce pressure on NAV and distributions. The waiver is temporary and at the adviser’s discretion, so investors should note the limited time frame (through September 30, 2026 unless extended) and that future fees will revert to the Advisory Agreement terms unless the adviser acts again. The New Fee Waiver Letter is filed with the 8-K as an exhibit.