MSIF on NYSE

MSC INCOME FUND, INC.

Fund registered in the United States, based in Houston, active since 2011. Summary from the record

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Last updated Oct 19, 2026.

Overview

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  • TickerMSIF on NYSE2
  • HeadquartersHouston, United States2
  • Business address1300 Post Oak Boulevard, 8Th Floor, Houston, Tx 770563
  • Filer categoryLarge accelerated filer3
  • Legal formFUND2
  • Kind of organizationFund2
  • LEI254900XHQK9DKZDIPC912
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressC/O THE CORPORATION TRUST, INCORPORATED, 21093-2264 Lutherville Timonium, United States2
  • Registered withSecurities and Exchange Commission, 00015357782

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MSC Income Fund, Inc. (“MSIF” or, together with its consolidated subsidiaries, “MSC Income” or the “Fund”) is 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 (its “Private Loan investment strategy”). MSC Income’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 Fund seeks to partner with private equity fund sponsors in its Private Loan investment strategy and primarily invests in secured debt investments of Private Loan companies generally headquartered in the U.S.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Net income567$88.7M in 2025+20% since 2021
0$25.0M$50.0M$75.0M$100.0M2021: $73.6M$73.6M20212022: $45.6M$45.6M2022−38%2023: $66.2M$66.2M2023+45%2024: $56.6M$56.6M2024−15%2025: $88.7M$88.7M2025+57%

Every line of the income statement as filed: the last 3 fiscal years, latest first.7

Period ending2025-12-312024-12-312023-12-31
Total investment income$139.2M$134.8M$131.4M
Interest-$33.9M-$39.0M-$36.5M
Base management fee-$19.8M-$20.9M-$19.8M
Incentive fee on income-$12.1M-$12.5M-$12.6M
Incentive fee on capital gains-$2.8M$0$0
General and administrative-$4.3M-$4.4M-$4.3M
Internal administrative services expenses-$701.0K-$10.1M-$8.9M
Total expenses before expense waivers-$73.6M-$87.0M-$82.0M
Waiver of internal administrative services expenses$0$9.4M$8.3M
Total expenses, net of expense waivers-$73.6M-$77.5M-$73.7M
NET INVESTMENT INCOME BEFORE TAXES$65.5M$57.3M$57.7M
Excise tax expense-$510.0K-$851.0K-$519.0K
Federal and state income and other tax expenses-$3.3M-$2.6M-$1.7M
NET INVESTMENT INCOME$61.8M$53.9M$55.5M
Total net realized gain (loss)-$9.5M$15.8M-$34.0M
Total net unrealized appreciation (depreciation)$36.4M-$15.4M$46.3M
Income tax benefit (provision) on net realized gain (loss) and net unrealized appreciation (depreciation)$50.0K$2.3M-$1.6M
Net increase in net assets resulting from operations$88.7M$56.6M$66.2M
NET INVESTMENT INCOME PER SHARE BASIC (in dollars per share)$1.33$1.34$1.38
NET INVESTMENT INCOME PER SHARE DILUTED (in dollars per share)$1.33$1.34$1.38
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS PER SHAREBASIC (in dollars per share)$1.91$1.41$1.65
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS PER SHAREDILUTED (in dollars per share)$1.91$1.41$1.65
WEIGHTED-AVERAGE SHARES OUTSTANDINGBASIC (in shares)46.5M shares40.2M shares40.1M shares
WEIGHTED-AVERAGE SHARES OUTSTANDINGDILUTED (in shares)46.5M shares40.2M shares40.1M shares

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Leadership

Who has led MSC INCOME FUND, INC., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Charles N. Hazen2012
  2. Sherri W. Schugart2013–2016
  3. Dwayne L. Hyzak2021–now

Chair

  1. Sherri W. Schugart2014–2016

President

  1. Sherri W. Schugart2013–2016
  2. Janice E. Walker2019
  3. David L. Magdol2020–now

Chief financial officer

  1. Ryan T. Sims2012–2016
  2. Brent D. Smith2020
  3. Cory Gilbert2025–now

Chief operating officer

  1. Jesse E. Morris2020–2025
201520202025
Board members and other officers (21)

Former names

  • HMS INCOME FUND, INC.Dec 14, 2011 to Nov 3, 20203

Timeline

  1. Apr 5, 2021New chief executive Dwayne L. Hyzak becomes CEO10
  2. Mar 20, 2013New chief executive Sherri W. Schugart becomes CEO11
  3. Jun 4, 2012New chief executive Charles N. Hazen becomes CEO12
  4. Nov 28, 2011Founded MSC INCOME FUND, INC. is founded2

Filings

310 filings to the SEC since October 2021: 5 annual reports, 16 quarterly reports, 69 major events, 125 insider forms, 1 large holders, 94 other. The latest 20:

  1. Oct 8, 20268-K EDGAR
  2. Sep 1, 20268-K EDGAR
  3. Aug 27, 20264 EDGAR
  4. Aug 7, 202610-Q EDGAR
  5. Aug 6, 20268-K EDGAR
  6. Aug 6, 20268-K EDGAR
  7. Aug 5, 20268-K EDGAR
  8. Jul 24, 2026SCHEDULE 13G EDGAR
  9. Jul 9, 20268-K EDGAR
  10. Jun 30, 20268-K EDGAR
  11. Jun 30, 20264 EDGAR
  12. Jun 25, 20264 EDGAR
  13. Jun 15, 20264 EDGAR
  14. Jun 11, 2026CORRESP EDGAR
  15. Jun 11, 20268-K EDGAR
  16. Jun 11, 20264 EDGAR
  17. Jun 8, 20264 EDGAR
  18. May 20, 2026DEF 14A EDGAR
  19. May 19, 20264 EDGAR
  20. May 19, 20264 EDGAR

The 310 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

31 open-market trades by officers, directors and large owners since October 2021: 31 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 26, 2026Marks Nataly MichelleDirectorBuy950$12.70$12.1KForm 4
Jun 30, 2026Hyzak Dwayne L.CEO, SMDBuy5,969$11.68$69.7KForm 4
Jun 23, 2026Meserve NicholasManaging DirectorBuy2,500$11.43$28.6KForm 4
Jun 11, 2026Gilbert CoryCFO and TreasurerBuy1,000$11.78$11.8KForm 4
Jun 9, 2026Hyzak Dwayne L.CEO, SMDBuy4,274$11.69$50.0KForm 4
Jun 5, 2026Walker Jeffrey B.DirectorBuy3,933$12.02$47.3KForm 4
Jun 4, 2026Walker Jeffrey B.DirectorBuy229$12.03$2.8KForm 4
May 15, 2026Niemann John O. Jr.DirectorBuy4,922$12.10$59.6KForm 4
Mar 31, 2026Gilbert CoryCFO and TreasurerBuy825$12.20$10.1KForm 4
Mar 27, 2026Marks Nataly MichelleDirectorBuy1,000$12.61$12.6KForm 4
Mar 9, 2026Niemann John O. Jr.DirectorBuy1,887$12.42$23.4KForm 4
Dec 30, 2025Hyzak Dwayne L.CEO, SMDBuy3,712$13.43$49.9KForm 4
Sep 30, 2025Gilbert CoryCFO and TreasurerBuy500$13.15$6.6KForm 4
Sep 30, 2025Magdol David L.PRESIDENT, CIO AND SMDBuy3,500$13.25$46.4KForm 4
Sep 29, 2025Hyzak Dwayne L.CEO, SMDBuy3,695$13.49$49.8KForm 4
Sep 26, 2025Walker Jeffrey B.DirectorBuy2,245$13.55$30.4KForm 4
Sep 26, 2025Niemann John O. Jr.DirectorBuy1,713$13.50$23.1KForm 4
Sep 25, 2025Walker Jeffrey B.DirectorBuy1,455$13.55$19.7KForm 4
Sep 23, 2025Niemann John O. Jr.DirectorBuy2,000$13.75$27.5KForm 4
Sep 9, 2025Niemann John O. Jr.DirectorBuy4,240$13.92$59.0KForm 4

All 31 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Sanders Morris Harris LLC2,263,426$26.2M15.2%+457,004
Ares Management LLC1,267,910$14.7M0.7%+441,264
UBS Group AG1,006,541$11.6M0.0%+209,794
Van Eck Associates Corp915,670$10.6M0.0%+241,495
Two Sigma Investments, LP783,888$9.1M0.0%−350,383
Franklin Resources Inc779,528$9.0M0.0%+152,395
North Ground Capital537,600$6.2M7.5%+88,681
LPL Financial LLC444,595$5.1M0.0%−9,997
Marshall Wace, Llp318,804$3.7M0.0%+229,487
Cetera Investment Advisers258,741$3.0M0.0%−52,816
Qube Research & Technologies Ltd223,256$2.6M0.0%+150,798
Osaic Holdings, Inc.211,898$2.5M0.0%+63,259
FJ Capital Management LLC206,254$2.4M0.3%+35,196
J.w. Cole Advisors, Inc.202,156$2.3M0.0%New
Clayton Partners LLC200,000$2.3M1.5%+30,000
Sigma Planning Corp182,577$2.1M0.1%−24,962
BlackRock, Inc.174,876$2.0M0.0%−3,558
Alpine Global Management, LLC152,492$1.8M0.3%−53,577
Barclays PLC142,933$1.7M0.0%+32,520
Morgan Stanley134,600$1.6M0.0%+93,379
Intrinsic Edge Capital Management LLC130,000$1.5M0.2%New
Riverbridge Partners LLC114,945$1.3M0.0%+1,371
Aviso Wealth Management114,250$1.3M0.5%+50,120
Atom Investors LP112,619$1.3M0.1%+95,912
Arax Advisory Partners106,794$1.2M0.0%New

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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