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MSC Income Fund Inc
NYSE:MSIF

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MSC Income Fund Inc
NYSE:MSIF
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Price: 12.31 USD -0.89% Market Closed
Market Cap: $566.6m

MSC Income Fund Inc
Investor Relations

MSC Income Fund Inc is a US-based company operating in industry. The company is headquartered in Houston, Texas. The company went IPO on 2020-10-09. MSC Income Fund, Inc., is an externally managed, non-diversified closed-end management investment company. The firm's investment objective is to maximize its portfolio’s total return by generating current income from its debt investments and current income and capital appreciation from its equity and equity-related investments including warrants, convertible securities, and other rights to acquire equity securities in a portfolio company. The firm seeks to achieve its investment objective through its private loan, lower middle market (LMM), and middle-market investment strategies. The Company’s investment advisor is MSC Adviser I, LLC.

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Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Feb 27, 2026
AI Summary
Q4 2025

Strong Quarter: MSC Income Fund delivered a solid Q4 with a 16.3% return on equity and a significant increase in NAV per share.

Dividend Increase: The Board declared a regular quarterly dividend of $0.35 per share and a supplemental dividend of $0.01 per share, with a current yield of 11.5%.

Investment Growth: The private loan portfolio experienced net growth, with $101 million invested and a net increase of $57 million in Q4.

Portfolio Realizations: The fund realized notable gains from exits in both private loans and lower middle market investments, including a $6 million gain from Mystic Logistics.

Leverage Capacity Expanded: Regulatory leverage capacity was expanded at the end of January 2026, giving the fund additional room to grow.

Mixed Income Performance: While dividend income rose, interest and fee income saw declines due to lower base rates and portfolio timing.

Stable Outlook: Management expressed confidence in portfolio quality, strong private loan pipeline, and ongoing support from Main Street Capital.

Key Financials
Return on Equity
16.3%
Return on Equity (Full Year)
12.5%
Adjusted Net Investment Income Per Share
$0.34
Pretax Adjusted Net Investment Income Per Share
$0.37
Net Asset Value Per Share
$15.85
Total Investment Income
$34.9 million
Dividend Yield
11.5%
Dividend Per Share (Regular)
$0.35
Dividend Per Share (Supplemental)
$0.01
Net Increase in Private Loan Investments
$57 million
Weighted Average Yield (Private Loan Portfolio)
10.7%
Private Loan Portfolio Fair Value
$809 million
Number of Private Loan Portfolio Companies
81
Lower Middle Market Portfolio Fair Value
$488 million
Number of Lower Middle Market Portfolio Companies
55
Expense Ratio
1.8%
Investments on Nonaccrual (Fair Value)
1%
Investments on Nonaccrual (Cost)
3.9%
Regulatory Asset Coverage Ratio
2.22
Net Debt to NAV Ratio
0.79
Net Increase in Net Assets
$30 million
Realized Gains (Private Loan Portfolio)
$15.9 million
Realized Gain (Mystic Logistics Exit)
$6 million
Other Earnings Calls

Management

Mr. Dwayne Louis Hyzak CPA
CEO & Chairman of the Board
No Bio Available
Mr. David L. Magdol
President & Chief Investment Officer
No Bio Available
Mr. Cory Elvan Gilbert CPA
CFO & Treasurer
No Bio Available
Mr. Jesse Enrique Morris
Executive VP, COO & Senior MD
No Bio Available
Mr. Ryan H. McHugh
VP, Chief Accounting Officer & Assistant Treasurer
No Bio Available
Mr. Alejandro Omar Palomo CPA
Vice President of Investor Relations
No Bio Available
Mr. Jason B. Beauvais J.D.
Executive VP, General Counsel & Secretary
No Bio Available
Ms. Kristin Rininger
Chief Compliance Officer & Deputy General Counsel
No Bio Available
Mr. Colton Braud
Managing Director
No Bio Available

Contacts

Address
TEXAS
Houston
1300 Post Oak Boulevard, 8Th Floor
Contacts
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