MSC INCOME FUND ANNOUNCES 2024 FOURTH QUARTER AND ANNUAL RESULTS
MSC Income Fund (NYSE: MSIF) reported its Q4 and full-year 2024 results, with Q4 net investment income of $14.2 million ($0.35 per share) and total investment income of $33.5 million. The company's net asset value reached $15.53 per share as of December 31, 2024, up 1.0% from Q3.
Key Q4 highlights include a 13.2% annualized return on equity, declared quarterly dividends of $0.36 per share for Q1 2025 (2.9% increase YoY), and completion of $29.5 million in private loan investments and $30.5 million in lower middle market investments. KBRA reaffirmed MSIF's BBB- investment grade rating.
For full-year 2024, MSIF achieved net investment income of $57.3 million ($1.43 per share) and total investment income of $134.8 million. The company paid quarterly dividends totaling $1.44 per share, representing a 5.1% increase from the previous year.
MSC Income Fund (NYSE: MSIF) ha riportato i risultati del Q4 e dell'intero anno 2024, con un reddito da investimenti netto nel Q4 di 14,2 milioni di dollari (0,35 dollari per azione) e un reddito totale da investimenti di 33,5 milioni di dollari. Il valore netto degli attivi dell'azienda ha raggiunto 15,53 dollari per azione al 31 dicembre 2024, in aumento dell'1,0% rispetto al Q3.
I punti salienti del Q4 includono un ritorno annualizzato sul capitale del 13,2%, dividendi trimestrali dichiarati di 0,36 dollari per azione per il Q1 2025 (aumento del 2,9% su base annua) e il completamento di investimenti in prestiti privati per 29,5 milioni di dollari e 30,5 milioni di dollari in investimenti nel mercato medio-basso. KBRA ha confermato il rating di investimento BBB- di MSIF.
Per l'intero anno 2024, MSIF ha ottenuto un reddito da investimenti netto di 57,3 milioni di dollari (1,43 dollari per azione) e un reddito totale da investimenti di 134,8 milioni di dollari. L'azienda ha pagato dividendi trimestrali per un totale di 1,44 dollari per azione, rappresentando un aumento del 5,1% rispetto all'anno precedente.
MSC Income Fund (NYSE: MSIF) informó sus resultados del cuarto trimestre y del año completo 2024, con un ingreso neto por inversiones en el cuarto trimestre de 14,2 millones de dólares (0,35 dólares por acción) y un ingreso total por inversiones de 33,5 millones de dólares. El valor neto de los activos de la compañía alcanzó 15,53 dólares por acción al 31 de diciembre de 2024, un aumento del 1,0% respecto al tercer trimestre.
Los puntos destacados del cuarto trimestre incluyen un retorno anualizado sobre el capital del 13,2%, dividendos trimestrales declarados de 0,36 dólares por acción para el primer trimestre de 2025 (un aumento del 2,9% interanual) y la finalización de inversiones en préstamos privados por 29,5 millones de dólares y 30,5 millones de dólares en inversiones en el mercado medio-bajo. KBRA reafirmó la calificación de grado de inversión BBB- de MSIF.
Para el año completo 2024, MSIF logró un ingreso neto por inversiones de 57,3 millones de dólares (1,43 dólares por acción) y un ingreso total por inversiones de 134,8 millones de dólares. La compañía pagó dividendos trimestrales por un total de 1,44 dólares por acción, lo que representa un aumento del 5,1% con respecto al año anterior.
MSC Income Fund (NYSE: MSIF)는 2024년 4분기 및 연간 실적을 발표했으며, 4분기 순 투자 수익은 1,420만 달러(주당 0.35달러)였고, 총 투자 수익은 3,350만 달러였습니다. 회사의 순 자산 가치는 2024년 12월 31일 기준으로 주당 15.53달러에 도달했으며, 3분기 대비 1.0% 증가했습니다.
4분기의 주요 하이라이트로는 13.2%의 연환산 자기자본 수익률, 2025년 1분기 주당 0.36달러의 분기 배당금 선언(전년 대비 2.9% 증가) 및 2,950만 달러의 개인 대출 투자와 3,050만 달러의 중하위 시장 투자 완료가 있습니다. KBRA는 MSIF의 BBB- 투자 등급을 재확인했습니다.
2024년 전체 연도에 대해 MSIF는 순 투자 수익 5,730만 달러(주당 1.43달러) 및 총 투자 수익 1억 3,480만 달러를 달성했습니다. 회사는 분기 배당금으로 주당 1.44달러를 지급했으며, 이는 전년 대비 5.1% 증가한 수치입니다.
MSC Income Fund (NYSE: MSIF) a annoncé ses résultats du quatrième trimestre et de l'année entière 2024, avec un revenu net d'investissement de 14,2 millions de dollars (0,35 dollar par action) pour le quatrième trimestre et un revenu total d'investissement de 33,5 millions de dollars. La valeur nette des actifs de l'entreprise a atteint 15,53 dollars par action au 31 décembre 2024, en hausse de 1,0% par rapport au troisième trimestre.
Les points forts du quatrième trimestre incluent un rendement des capitaux propres annualisé de 13,2%, des dividendes trimestriels déclarés de 0,36 dollar par action pour le premier trimestre 2025 (augmentation de 2,9% par rapport à l'année précédente) et l'achèvement d'investissements de 29,5 millions de dollars dans des prêts privés et de 30,5 millions de dollars dans des investissements sur le marché intermédiaire inférieur. KBRA a réaffirmé la note de crédit BBB- de MSIF.
Pour l'année entière 2024, MSIF a réalisé un revenu net d'investissement de 57,3 millions de dollars (1,43 dollar par action) et un revenu total d'investissement de 134,8 millions de dollars. L'entreprise a versé des dividendes trimestriels totalisant 1,44 dollar par action, représentant une augmentation de 5,1% par rapport à l'année précédente.
MSC Income Fund (NYSE: MSIF) hat seine Ergebnisse für das 4. Quartal und das Gesamtjahr 2024 veröffentlicht, mit einem Nettoinvestitionsergebnis von 14,2 Millionen Dollar (0,35 Dollar pro Aktie) im 4. Quartal und einem Gesamtergebnis aus Investitionen von 33,5 Millionen Dollar. Der Nettovermögenswert des Unternehmens erreichte am 31. Dezember 2024 15,53 Dollar pro Aktie, was einem Anstieg von 1,0% gegenüber dem 3. Quartal entspricht.
Die wichtigsten Höhepunkte des 4. Quartals umfassen eine annualisierte Eigenkapitalrendite von 13,2%, erklärte vierteljährliche Dividenden von 0,36 Dollar pro Aktie für das 1. Quartal 2025 (ein Anstieg von 2,9% im Jahresvergleich) und den Abschluss von 29,5 Millionen Dollar in privaten Darlehensinvestitionen sowie 30,5 Millionen Dollar in Investitionen im unteren Mittelstand. KBRA bestätigte die BBB- Investitionsgradbewertung von MSIF.
Für das Gesamtjahr 2024 erzielte MSIF ein Nettoinvestitionsergebnis von 57,3 Millionen Dollar (1,43 Dollar pro Aktie) und ein Gesamtergebnis aus Investitionen von 134,8 Millionen Dollar. Das Unternehmen zahlte vierteljährliche Dividenden in Höhe von insgesamt 1,44 Dollar pro Aktie, was einem Anstieg von 5,1% im Vergleich zum Vorjahr entspricht.
- Net asset value increased 1.0% quarter-over-quarter to $15.53 per share
- Strong 13.2% annualized return on equity in Q4 2024
- Quarterly dividend increased 2.9% year-over-year
- Successfully raised $91 million through NYSE listing and public offering
- KBRA reaffirmed investment grade rating of BBB-
- Secured improved credit facility terms with lower interest rates
- Total investment income decreased by $1.3 million in Q4 2024 compared to Q4 2023
- Net investment income declined by $0.8 million quarter-over-quarter
- Realized net loss of $8.0 million in Q4 2024
- Increase in investments on non-accrual status
- NAV decreased slightly by 0.1% year-over-year
Insights
MSC Income Fund's Q4 2024 results present a mixed but generally solid financial picture. The quarterly NAV increased $0.15 to
The fund reported Q4 net investment income of
The January 2025 NYSE listing and equity raise of approximately
The fund's investment portfolio remains well-diversified with a strategic shift toward higher-yielding private loans (
The fee structure improvements implemented alongside the NYSE listing - reducing base management fees to
Fourth Quarter 2024 Net Investment Income of
Net Asset Value of
Fourth Quarter 2024 Highlights(1)
- Net investment income of
$14.2 million $0.35 - Total investment income of
$33.5 million - Net increase in net assets resulting from operations of
$20.5 million $0.51 - Return on equity(2) of
13.2% on an annualized basis - Net asset value of
$15.53 $0.15 1.0% , compared to$15.38 - Declared regular quarterly dividends totaling
$0.36 2.9% increase from the regular quarterly dividends paid in the first quarter of 2024 - Completed
$29.5 million $5.5 million - Completed
$30.5 million $16.6 million $16.4 million - Net decrease of
$7.5 million - Kroll Bond Rating Agency, LLC ("KBRA") reaffirmed the Fund's investment grade issuer and senior unsecured debt rating of BBB- with a stable outlook
- Further enhanced the Fund's capital structure and liquidity position by amending the Fund's Corporate Facility (as defined in the Liquidity and Capital Resources section below), which provided extensions of the revolving period to November 2028 and the final maturity date to May 2029 and decreased the interest rate for outstanding borrowings to, subject to the Company's election, on a per annum basis, a rate equal to (i) SOFR plus
2.05% (from2.50% ) or (ii) the base rate plus1.05% (from1.40% )
Full Year 2024 Highlights(1)
- Net investment income of
$57.3 million $1.43 - Total investment income of
$134.8 million - Net increase in net assets resulting from operations of
$56.6 million $1.41 - Return on equity(2) of
9.1% - Net asset value of
$15.53 $0.01 0.1% , compared to$15.54 - Paid regular quarterly dividends totaling
$1.44 5.1% increase from prior year - Completed
$241.8 million $102.1 million - Completed
$80.7 million $44.5 million $40.7 million - Net decrease of
$51.5 million
In commenting on the Company's operating results for the fourth quarter and full year of 2024, Dwayne L. Hyzak, MSC Income's Chief Executive Officer, stated, "We are pleased with the Fund's performance in the fourth quarter and the full year, which closed another good year for MSC Income Fund in its final full year as an unlisted entity. We believe that the fourth quarter and full year performance provide visibility to significant opportunities in the future after the completion of the Fund's successful listing on the New York Stock Exchange and the related equity offering in January 2025, activities which provide the Fund the increased current liquidity and a clear path to additional debt capacity necessary to achieve significant growth in 2025 and 2026 and the potential for increased net investment income."
Fourth Quarter 2024 Operating Results(1)
The following table provides a summary of the Fund's operating results for the fourth quarter of 2024:
Three Months Ended December 31, | |||||||
2024 | 2023 | Change ($) | Change (%) | ||||
(dollars in thousands, except per share amounts) | |||||||
Interest income | $ 29,662 | $ 30,186 | $ (524) | (2) % | |||
Dividend income | 2,731 | 3,393 | (662) | (20) % | |||
Fee income | 1,062 | 1,182 | (120) | (10) % | |||
Total investment income | $ 33,455 | $ 34,761 | $ (1,306) | (4) % | |||
Net investment income | $ 14,227 | $ 15,042 | $ (815) | (5) % | |||
Net investment income per share | $ 0.35 | $ 0.37 | $ (0.02) | (5) % | |||
Net increase in net assets resulting from operations | $ 20,462 | $ 21,342 | $ (880) | (4) % | |||
Net increase in net assets resulting from operations per share | $ 0.51 | $ 0.53 | $ (0.02) | (4) % | |||
The
Total expenses, net of waivers, decreased by
The Fund's ratio of total non-interest operating expenses, excluding incentive fees, as a percentage of quarterly average total assets, or the Operating Expenses to Assets Ratio, was
The
The
The following table provides a summary of the total net unrealized appreciation of
Three Months Ended December 31, 2024 | |||||||||
Private Loan | LMM (a) | Middle Market | Other | Total | |||||
(dollars in millions) | |||||||||
Accounting reversals of net unrealized (appreciation) | $ 4.5 | $ 3.3 | $ 0.5 | $ (0.1) | $ 8.2 | ||||
Net unrealized appreciation (depreciation) relating to portfolio | (3.5) | 5.3 | (0.4) | (0.4) | 1.0 | ||||
Total net unrealized appreciation (depreciation) relating to | $ 1.0 | $ 8.6 | $ 0.1 | $ (0.5) | $ 9.2 | ||||
(a) | Includes unrealized appreciation on 30 LMM portfolio investments and unrealized depreciation on 13 LMM portfolio investments. |
Liquidity and Capital Resources
As of December 31, 2024, the Fund had aggregate liquidity of
Several details regarding the Fund's capital structure as of December 31, 2024 are as follows:
- The SPV Facility included
$300 million $450 million $266.7 million 7.3% based on SOFR effective for the contractual reset date of January 1, 2025.- The Corporate Facility included
$165 million $200 million $149.0 million 6.4% based on SOFR effective for the contractual reset date of January 1, 2025.$150 million 4.04% per year (the "Series A Notes"). The Series A Notes mature on October 30, 2026.- The Fund's investment grade rating from KBRA was reaffirmed in the fourth quarter with a rating of BBB- with a stable outlook.
- The Fund's net asset value totaled
$624.9 million $15.53
In January 2025, the Fund listed its shares of common stock on the New York Stock Exchange (the "NYSE") and completed a follow-on equity offering which generated net proceeds of approximately
On January 29, 2025, the Fund's Board of Directors unanimously approved the application of modified regulatory asset coverage requirements, which will effectively increase the Fund's total leverage capacity to an amount equal to two times the Fund's current total leverage capacity on January 29, 2026.
In February 2025, the Fund entered into an amendment to the Corporate Facility that increased the total commitments under the Corporate Facility from
Investment Portfolio Information as of December 31, 2024(3)
The following table provides a summary of the investments in the Fund's private loan portfolio, LMM portfolio and middle market portfolio as of December 31, 2024:
As of As of December 31, 2024 | ||||||
Private Loan | LMM (a) | Middle Market | ||||
(dollars in millions) | ||||||
Number of portfolio companies | 84 | 57 | 10 | |||
Fair value | $ 677.9 | $ 436.1 | $ 39.4 | |||
Cost | $ 697.5 | $ 357.1 | $ 66.3 | |||
Debt investments as a % of portfolio (at cost) | 93.9 % | 67.8 % | 87.8 % | |||
Equity investments as a % of portfolio (at cost) | 6.1 % | 32.2 % | 12.2 % | |||
% of debt investments at cost secured by first priority lien | 99.9 % | 99.9 % | 99.9 % | |||
Weighted-average annual effective yield (b) | 12.0 % | 13.0 % | 14.1 % | |||
Average EBITDA (c) | $ 28.6 | $ 10.8 | $ 38.2 | |||
(a) | The Fund had equity ownership in all of its LMM portfolio companies, and the Fund's average fully diluted equity ownership in those portfolio companies was |
(b) | The weighted-average annual effective yields were computed using the effective interest rates for all debt investments as of December 31, 2024, including amortization of deferred debt origination fees and accretion of original issue discount but excluding fees payable upon repayment of the debt instruments and any debt investments on non-accrual status and are weighted based upon the principal amount of each applicable debt investment as of December 31, 2024. |
(c) | The average EBITDA is calculated using a weighted-average for the private loan and middle market portfolios and a simple average for the LMM portfolio. These calculations exclude certain portfolio companies, including two private loan portfolio companies, three LMM portfolio companies and one middle market portfolio company, as EBITDA is not a meaningful valuation metric for the Fund's investments in these portfolio companies, and those portfolio companies whose primary purpose is to own real estate and those portfolio companies whose primary operations have ceased and only residual value remains. |
The Fund's total investment portfolio at fair value consists of approximately
The fair value of the Fund's LMM portfolio company equity investments was
As of December 31, 2024, the Fund's investment portfolio also included other portfolio investments in six entities, spread across four investment managers, collectively totaling
As of December 31, 2024, non-accrual investments comprised
Recent Developments
On January 28, 2025, MSC Income priced its public offering of 5,500,000 shares of its common stock at the public offering price of
As previously approved by the Company's shareholders, in conjunction with the listing of the Company's common stock on the NYSE, on January 29, 2025, the Company entered into an Amended and Restated Investment Advisory and Administrative Services Agreement with its investment adviser and administrator, MSC Adviser I, LLC, to, among other things, (i) reduce the annual base management fees payable by the Company to
In conjunction with the completion of the public offering of its common stock, the Company entered into a share repurchase plan, under which the Company may repurchase up to
Fourth Quarter and Full Year 2024 Financial Results Conference Call / Webcast
MSC Income has scheduled a conference call for Thursday, March 20, 2025 at 10:00 a.m. Eastern Time to discuss the fourth quarter and full year 2024 financial results.
You may access the conference call by dialing 412-902-0030 at least 10 minutes prior to the start time. The conference call can also be accessed via a simultaneous webcast by logging into the investor relations section of the Company's website at https://www.mscincomefund.com.
A telephonic replay of the conference call will be available through Thursday, March 27, 2025 and may be accessed by dialing 201-612-7415 and using the passcode 13751747#. An audio archive of the conference call will also be available on the investor relations section of the Company's website at https://www.mscincomefund.com shortly after the call and will be accessible until the date of MSC Income's earnings release for the next quarter.
For a more detailed discussion of the financial and other information included in this press release, please refer to the MSC Income Annual Report on Form 10-K for the fiscal year ended December 31, 2024 to be filed with the
ABOUT MSC INCOME FUND, INC.
The Company (www.mscincomefund.com) is a principal investment firm that primarily provides debt capital to private companies owned by or in the process of being acquired by a private equity fund. The Company's portfolio investments are typically made to support leveraged buyouts, recapitalizations, growth financings, refinancings and acquisitions of companies that operate in diverse industry sectors. The Company seeks to partner with private equity fund sponsors and primarily invests in secured debt investments within its private loan investment strategy. The Company also maintains a portfolio of customized long-term debt and equity investments in lower middle market companies, and through those investments, the Company has partnered with entrepreneurs, business owners and management teams in co-investments with Main Street Capital Corporation (NYSE: MAIN) ("Main Street") utilizing the customized "one-stop" debt and equity financing solution provided in Main Street's lower middle market investment strategy. The Company's private loan portfolio companies generally have annual revenues between
ABOUT MSC ADVISER I, LLC
MSC Adviser I, LLC ("MSCA") is a wholly-owned subsidiary of Main Street that is registered as an investment adviser under the Investment Advisers Act of 1940, as amended. MSCA serves as the investment adviser and administrator of the Company in addition to several other advisory clients.
FORWARD-LOOKING STATEMENTS
MSC Income cautions that statements in this press release which are forward–looking and provide other than historical information, including but not limited to MSC Income's ability to successfully source and execute on new portfolio investments and deliver future financial performance and results, are based on current conditions and information available to MSC Income as of the date hereof and include statements regarding MSC Income's goals, beliefs, strategies and future operating results and cash flows. Although its management believes that the expectations reflected in those forward–looking statements are reasonable, MSC Income can give no assurance that those expectations will prove to be correct. Those forward-looking statements are made based on various underlying assumptions and are subject to numerous uncertainties and risks, including, without limitation: MSC Income's continued effectiveness in raising, investing and managing capital; adverse changes in the economy generally or in the industries in which MSC Income's portfolio companies operate; the impacts of macroeconomic factors on MSC Income and its portfolio companies' business and operations, liquidity and access to capital, and on the
MSC INCOME FUND, INC. | |||||||
Consolidated Statements of Operations | |||||||
(in thousands, except shares and per share amounts) | |||||||
Three Months Ended | Year Ended | ||||||
2024 | 2023 | 2024 | 2023 | ||||
INVESTMENT INCOME: | |||||||
Interest, fee and dividend income: | |||||||
Control investments | $ 799 | $ 780 | $ 3,441 | $ 3,101 | |||
Affiliate investments | 8,331 | 7,565 | 31,222 | 29,805 | |||
Non–Control/Non–Affiliate investments | 24,325 | 26,416 | 100,165 | 98,480 | |||
Total investment income | 33,455 | 34,761 | 134,828 | 131,386 | |||
EXPENSES: | |||||||
Interest | (9,565) | (9,859) | (39,035) | (36,458) | |||
Base management fees | (5,377) | (5,067) | (20,922) | (19,828) | |||
Incentive fees | (3,131) | (3,678) | (12,494) | (12,569) | |||
Internal administrative services expenses | (2,935) | (2,163) | (10,089) | (8,916) | |||
General and administrative | (992) | (963) | (4,416) | (4,254) | |||
Total expenses before expense waivers | (22,000) | (21,730) | (86,956) | (82,025) | |||
Waiver of internal administrative services expenses | 2,772 | 2,011 | 9,450 | 8,308 | |||
Total expenses, net of expense waivers | (19,228) | (19,719) | (77,506) | (73,717) | |||
NET INVESTMENT INCOME | 14,227 | 15,042 | 57,322 | 57,669 | |||
NET REALIZED GAIN (LOSS): | |||||||
Control investments | 90 | — | 147 | 2,223 | |||
Affiliate investments | (3,560) | — | (3,560) | (7,188) | |||
Non–Control/Non–Affiliate investments | (4,556) | (9,024) | 19,189 | (29,045) | |||
Total net realized gain (loss) | (8,026) | (9,024) | 15,776 | (34,010) | |||
NET UNREALIZED APPRECIATION (DEPRECIATION): | |||||||
Control investments | 202 | 144 | 4,833 | (1,289) | |||
Affiliate investments | 6,625 | 2,648 | 7,791 | 25,116 | |||
Non–Control/Non–Affiliate investments | 2,390 | 13,112 | (28,063) | 22,492 | |||
Total net unrealized appreciation (depreciation) | 9,217 | 15,904 | (15,439) | 46,319 | |||
INCOME TAXES: | |||||||
Federal and state income, excise and other taxes | (2,464) | 82 | (4,989) | (872) | |||
Deferred taxes | 7,508 | (662) | 3,883 | (2,897) | |||
Total income tax benefit (provision) | 5,044 | (580) | (1,106) | (3,769) | |||
NET INCREASE IN NET ASSETS RESULTING FROM | $ 20,462 | $ 21,342 | $ 56,553 | $ 66,209 | |||
NET INVESTMENT INCOME PER SHARE—BASIC AND | $ 0.35 | $ 0.37 | $ 1.43 | $ 1.44 | |||
NET INCREASE IN NET ASSETS RESULTING FROM | $ 0.51 | $ 0.53 | $ 1.41 | $ 1.65 | |||
WEIGHTED-AVERAGE SHARES OUTSTANDING—BASIC AND DILUTED (1) | 40,232,637 | 40,168,690 | 40,174,311 | 40,134,501 | |||
MSC INCOME FUND, INC. | ||||
Consolidated Balance Sheets | ||||
(in thousands, except per share amounts) | ||||
December 31, | December 31, | |||
ASSETS | ||||
Investments at fair value: | ||||
Control investments | $ 69,878 | $ 53,644 | ||
Affiliate investments | 351,360 | 291,279 | ||
Non–Control/Non–Affiliate investments | 756,269 | 747,972 | ||
Total investments | 1,177,507 | 1,092,895 | ||
Cash and cash equivalents | 28,375 | 30,786 | ||
Interest and dividend receivable | 11,925 | 10,541 | ||
Receivable for securities sold | 141 | 171 | ||
Deferred financing costs | 1,985 | 3,416 | ||
Prepaids and other assets | 4,113 | 2,091 | ||
Deferred tax asset, net | 625 | — | ||
Total assets | $ 1,224,671 | $ 1,139,900 | ||
LIABILITIES | ||||
Credit Facilities | $ 415,688 | $ 335,688 | ||
Series A Notes due 2026 (par: | 149,453 | 149,155 | ||
Accounts payable and other liabilities | 4,723 | 255 | ||
Payable for securities purchased | — | 206 | ||
Interest payable | 6,909 | 6,266 | ||
Dividend payable | 14,487 | 14,019 | ||
Management and incentive fees payable | 8,508 | 8,745 | ||
Deferred tax liability, net | — | 3,259 | ||
Total liabilities | 599,768 | 517,593 | ||
NET ASSETS | ||||
Common stock | 40 | 40 | ||
Additional paid–in capital | 689,580 | 686,176 | ||
Total overdistributed earnings | (64,717) | (63,909) | ||
Total net assets | 624,903 | 622,307 | ||
Total liabilities and net assets | $ 1,224,671 | $ 1,139,900 | ||
NET ASSET VALUE PER SHARE (1) | $ 15.53 | $ 15.54 | ||
MSC INCOME FUND, INC. | |
Endnotes | |
(1) | All prior quarter and prior year per share amounts have been retrospectively adjusted for a 2-for-1 reverse stock split completed by the Company, effective as of December 16, 2024. |
(2) | Return on equity equals the net increase in net assets resulting from operations divided by the average quarterly total net assets. |
(3) | Portfolio company financial information has not been independently verified by MSC Income. |
(4) | These credit statistics exclude portfolio companies on non-accrual status and portfolio companies for which EBITDA is not a meaningful metric. |
Contacts:
MSC Income Fund, Inc.
Dwayne L. Hyzak, CEO, dhyzak@mainstcapital.com
Cory E. Gilbert, CFO, cgilbert@mainstcapital.com
713-350-6000
Dennard Lascar Investor Relations
Ken Dennard / ken@dennardlascar.com
Zach Vaughan / zvaughan@dennardlascar.com
713-529-6600
View original content:https://www.prnewswire.com/news-releases/msc-income-fund-announces-2024-fourth-quarter-and-annual-results-302406326.html
SOURCE MSC Income Fund, Inc.
FAQ
What was MSC Income Fund's (MSIF) net investment income per share in Q4 2024?
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