Company research
MSC INCOME FUND, INC.
CIK 1535778Updated Sep 26, 2026
SecurityMSIF · NYSE · etf
Name history
HMS INCOME FUND, INC. · through Nov 3, 2020
MSIF price & chart
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NYSE:MSIF on TradingView ↗About the company
We are a principal investment firm primarily focused on providing debt capital to private (“Private Loan”) companies owned by or in the process of being acquired by a private equity fund (our “Private Loan investment strategy”) and secondarily focused on providing customized long-term debt and equity capital solutions to lower middle market (“LMM”) companies (our “LMM investment strategy”). A portion of our Private Loan investments may include equity investments in our Private Loan companies. Our portfolio investments are typically made to support leveraged buyouts, recapitalizations, growth financings, refinancings and acquisitions of companies that operate in diverse industry sectors. We seek to partner with private equity fund sponsors in our Private Loan investment strategy and primarily invest in secured debt investments of Private Loan companies generally headquartered in the United States. We maintain relationships with a diverse group of private equity fund sponsors, with no aggregate Private Loan portfolio investments with a single sponsor exceeding 13% of our total Private Loan portfolio investments at fair value as of September 30, 2024. We also seek to partner with entr…
In the news
MSC INCOME FUND ANNOUNCES SECOND QUARTER 2026 RESULTS ↗
Recent filings
Entry into a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · Other Events
Items 1.01, 2.03, 8.01, 9.01
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
Other Events
Items 8.01, 9.01
Submission of Matters to a Vote of Security Holders
Items 5.07
Show 5 more recent filings
Financials
FY 2025 · USDSource
Source
Source
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 1,381,031,000Source | 1,224,671,000Source | 1,139,900,000Source | 1,107,164,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 20,635,000Source | 28,375,000Source | 30,786,000Source | 21,312,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 642,372,000Source | 599,768,000Source | 517,593,000Source | 497,499,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 47,000Source | 40,000Source | 80,000Source | 80,000Source |
| Additional Paid in CapitalUSD | 782,007,000Source | 689,580,000Source | 686,136,000Source | 684,165,000Source |
| Retained Earnings (Accumulated Deficit)USD | -43,395,000Source | -64,717,000Source | -63,909,000Source | -74,580,000Source |
| Stockholders' Equity Attributable to ParentUSD | 738,659,000Source | 624,903,000Source | 622,307,000Source | 609,665,000Source |
| Liabilities and EquityUSD | 1,381,031,000Source | 1,224,671,000Source | 1,139,900,000Source | 1,107,164,000Source |
| Deferred Income Tax Liabilities, NetUSD | 4,966,000Source | 0Source | 3,259,000Source | 362,000Source |
| Additional Financial Items | ||||
| Deferred Tax Liabilities, NetUSD | 4,966,000Source | — | 3,259,000Source | 362,000Source |
| Dividends PayableUSD | 16,772,000Source | 14,487,000Source | 14,019,000Source | 12,816,000Source |
| Long-term DebtUSD | 602,751,000Source | 565,141,000Source | 484,843,000Source | 470,544,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Deferred Income Tax Expense (Benefit)USD | 5,591,000Source | -3,883,000Source | 2,897,000Source | 362,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -70,350,000Source | -28,076,000Source | 50,230,000Source | 76,676,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 11,647,000Source | 20,724,000Source | 24,427,000Source | 15,984,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 62,610,000Source | 25,665,000Source | -40,756,000Source | -81,177,000Source |
| Payments of Ordinary Dividends, Common StockUSD | 67,628,000Source | 58,200,000Source | 56,100,000Source | 51,600,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -7,740,000Source | -2,411,000Source | 9,474,000Source | -4,501,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 20,635,000Source | 28,375,000Source | 30,786,000Source | 21,312,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 33,782,000Source | 35,813,000Source | 33,594,000Source | 20,610,000Source |
| Income Taxes Paid, NetUSD | 6,009,000Source | — | — | — |
| Additional Financial Items | ||||
| Amortization of Debt Issuance CostsUSD | 1,108,000Source | 2,579,000Source | 2,053,000Source | 1,463,000Source |
| Debt and Equity Securities, Realized Gain (Loss)USD | -9,503,000Source | 15,776,000Source | -34,010,000Source | -3,936,000Source |
| Debt and Equity Securities, Unrealized Gain (Loss)USD | 36,428,000Source | -15,439,000Source | 46,319,000Source | -1,702,000Source |
| Dividends PayableUSD | 16,772,000Source | 14,487,000Source | 14,019,000Source | 12,816,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | — | — | 0Source | 0Source |
| General and Administrative ExpenseUSD | 4,337,000Source | 4,416,000Source | 4,254,000Source | 3,905,000Source |
| Income Tax Expense (Benefit)USD | — | 1,106,000Source | 3,769,000Source | 1,643,000Source |
| InvestmentCompanyDistributionOrdinaryIncomeUSD | 54,887,000Source | 37,924,000Source | 47,756,000Source | 61,854,000Source |
| Investment Income, InterestUSD | 115,750,000Source | 117,816,000Source | 116,976,000Source | 90,811,000Source |
| Net Income (Loss) Attributable to ParentUSD | 88,728,000Source | 56,553,000Source | 66,209,000Source | 45,588,000Source |
| Payments of Financing CostsUSD | 2,015,000Source | 851,000Source | 2,262,000Source | 149,000Source |
| Proceeds from Issuance of Common StockUSD | 0Source | 6,996,000Source | 8,500,000Source | 750,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Income Tax Expense (Benefit)USD | — | 1,106,000Source | 3,769,000Source | 1,643,000Source |
| Net Income (Loss) Attributable to ParentUSD | 88,728,000Source | 56,553,000Source | 66,209,000Source | 45,588,000Source |
| Earnings Per Share, BasicUSD per share | 1.33Source | 1.43Source | 0.72Source | 0.66Source |
| Earnings Per Share, DilutedUSD per share | 1.33Source | 1.43Source | 0.72Source | 0.66Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 46,497,019Source | 40,174,311Source | 80,269,002Source | 79,993,040Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 46,497,019Source | 40,174,311Source | 80,269,002Source | 79,993,040Source |
| Additional Financial Items | ||||
| Current Income Tax Expense (Benefit)USD | -50,000Source | 4,989,000Source | 872,000Source | 1,281,000Source |
| Debt and Equity Securities, Realized Gain (Loss)USD | -9,503,000Source | 15,776,000Source | -34,010,000Source | -3,936,000Source |
| Debt and Equity Securities, Unrealized Gain (Loss)USD | 36,428,000Source | -15,439,000Source | 46,319,000Source | -1,702,000Source |
| General and Administrative ExpenseUSD | 4,337,000Source | 4,416,000Source | 4,254,000Source | 3,905,000Source |
| Interest ExpenseUSD | — | — | 36,458,000Source | 24,423,000Source |
| Interest Expense, DebtUSD | 33,927,000Source | 39,035,000Source | 36,458,000Source | 24,423,000Source |
| InterestExpenseOperatingUSD | 33,927,000Source | 39,035,000Source | — | — |
| Investment Company, Contractual Fee WaivedUSD | 0Source | 9,450,000Source | 8,308,000Source | 4,540,000Source |
| Investment Income, InterestUSD | 115,750,000Source | 117,816,000Source | 116,976,000Source | 90,811,000Source |
| InvestmentIncomeOperatingAfterExpenseAndTaxUSD | 61,753,000Source | — | — | — |
| Management Fee ExpenseUSD | 19,757,000Source | 20,922,000Source | 19,828,000Source | 19,831,000Source |
| Net Investment IncomeUSD | 65,523,000Source | 57,322,000Source | 57,669,000Source | 52,869,000Source |
Offerings
Registration 333-282501
- Gross proceeds
- 85415000.0
- Net proceeds
- 80560099.0
- Deal price
- 15.53
- Shares
- 5500000
- Offering price
- $15.5300
- Ticker
- MSIF