MSC Income Fund, INC.: directors' dealings · United States · SEC (Form 4)

About MSC Income Fund, INC.

MSC Income Fund, Inc. (NYSE / NYSE Texas: MSIF) is a U.S.-listed American investment company structured as a business development company (BDC) focused on private-market credit. Headquartered in Houston, Texas, in the United States, the firm was formed in November 2011 to operate as an externally managed BDC under the Investment Company Act of 1940. Its core model is that of a private debt investor, with a niche emphasis on private U.S. companies in the lower middle market and middle market segments, typically financing buyouts, recapitalizations, growth transactions, refinancings, and acquisitions. ([sec.gov](https://www.sec.gov/Archives/edgar/data/0001535778/000153577826000026/msif-20251231.htm?utm_source=openai)) Operationally, MSC Income Fund primarily provides secured debt capital, while also maintaining a portfolio of customized long-term debt and equity investments. In practice, this makes the company a financing partner for private equity sponsors, entrepreneurs, business owners, and management teams that need flexible capital structures. The fund’s “one-stop” approach allows it to support a broad range of private-company situations across diverse industries, combining current income from debt with the potential upside of equity participation when appropriate. ([nasdaq.com](https://www.nasdaq.com/press-release/msc-income-fund-announces-dual-listing-nyse-texas-2025-08-18?utm_source=openai)) From a competitive standpoint, MSIF operates in a crowded direct-lending and BDC environment, competing with other income-oriented credit vehicles for sponsor relationships and attractive risk-adjusted yields. A key strategic feature is its affiliation with Main Street Capital Corporation: MSC Adviser I, LLC, a wholly owned registered investment adviser of Main Street, serves as the investment adviser and administrator. That relationship provides platform benefits in sourcing, underwriting, and execution, especially in the U.S. private lower middle market. ([nasdaq.com](https://www.nasdaq.com/press-release/msc-income-fund-completes-follow-public-offering-and-listing-its-shares-new-york?utm_source=openai)) The company is listed in the U.S. public markets on the NYSE under the ticker MSIF and also announced a dual listing on NYSE Texas in August 2025. Its NYSE listing followed a follow-on public offering and became effective in January 2025, increasing the fund’s market visibility among income-focused investors. ([nasdaq.com](https://www.nasdaq.com/press-release/msc-income-fund-completes-follow-public-offering-and-listing-its-shares-new-york?utm_source=openai)) Recent highlights have centered on balance-sheet management and shareholder returns. In March 2025, MSC Income amended and extended its SPV revolving credit facility with JPMorgan Chase, lowering the borrowing spread and extending maturities to 2030. The company then reported steady 2025 performance and early 2026 results, with net asset value around $15.8 per share, recurring investment income, and continued quarterly dividends supplemented by extra payouts. In May 2026, management announced a shift from quarterly to monthly regular dividends beginning in July 2026, a notable signal for investors seeking more frequent income distribution. ([mscincomefund.com](https://www.mscincomefund.com/investors/news/press-releases/detail/136/msc-income-fund-amends-and-extends-its-spv-credit-facility?utm_source=openai))