MSIF
MSC Income Fund, Inc.13.43
-0.01-0.07%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
637.13MP/E (TTM)
7.54Basic EPS (TTM)
1.78Dividend Yield
0.11%Recent Filings
8-K
8-K
Q3 private loan expansions
MSC Income Fund originated $94.2 million in new or increased private loan commitments during Q3 2025, funding $74.6 million across key sectors like HVAC services, transformers for datacenters, and custom glass fabrication. The portfolio now totals $761.1 million at cost in 81 companies, with 92.0% in first lien senior secured debt. This bolsters secured lending exposure. Yet risks linger in private credit volatility.
8-K
Stockholders approve board, below-NAV sales
MSC Income Fund stockholders elected Robert L. Kay, John O. Niemann Jr., Jeffrey B. Walker, and Dwayne L. Hyzak to the board for one-year terms at the September 9, 2025 annual meeting, with votes for ranging from 23.3 million to 23.7 million against 1.4 million to 1.8 million withheld. They also approved issuing common stock below net asset value for the next 12 months, securing majorities from all voters and non-affiliates alike. This flexibility aids capital raising. Yet risks dilution.
10-Q
Q2 FY2025 results
MSC Income Fund posted steady Q2 FY2025 results, with investment income up 5% year-over-year to $35.6 million, driven by higher dividends from lower middle-market holdings while interest income edged ahead despite softer floating rates. Expenses fell 6% to $18.3 million, thanks to lower interest costs on refinanced debt and reduced administrative fees post-listing, lifting net investment income 22% to $16.3 million. Realized gains hit $4.8 million from partial exits, but unrealized depreciation of $3.9 million trimmed the quarter's net increase in net assets to $16.3 million. Liquidity strengthened with $28.3 million in cash and $155.4 million in revolver capacity, supporting $77.3 million in unfunded commitments. Yet competition in private lending remains fierce.
8-K
Q2 NII rises to $0.35/share
MSC Income Fund reported Q2 2025 net investment income of $0.35 per share, up 6% from $0.33 a year ago, driven by 5% higher total investment income to $35.6 million and lower expenses. Net asset value stood at $15.33 per share, with an annualized return on equity of 9.0%, while the portfolio grew to $1.25 billion in fair value. Dividends totaled $0.36 per share. Yet unrealized depreciation hit $3.9 million.
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