MSC Income Fund Lists on NYSE Texas with Dual Listing

MSC Income Fund, a principal investment firm, is focused on providing debt capital to middle market companies and customized debt and equity financing to lower middle market companies. The company aims to maximize its portfolio's total return by generating current income from debt investments and current income and capital appreciation from equity and equity-related investments. MSC Adviser I, LLC is the company's investment advisor.

MSC Income Fund, Inc. (NYSE: MSIF) has reported robust financial results for the second quarter ended June 30, 2025. The fund's net investment income for the quarter was $16.3 million, or $0.35 per share, representing a 22% increase from the same period in 2024. The net asset value stood at $15.33 per share as of June 30, 2025.

Key highlights include a 9.0% return on equity (annualized) for the quarter and a 9.1% return for the trailing twelve-month period. The fund's total investment income reached $35.6 million, driven by a $1.7 million increase from the prior year. This increase was primarily due to higher dividend income from lower middle market (LMM) portfolio investments and private loan portfolio companies, partially offset by decreases in dividend income from other portfolio companies.

Total expenses decreased by $1.2 million, or 6.4%, to $18.3 million in the second quarter of 2025, mainly due to a decrease in interest expense and base management fees. The operating expenses to assets ratio decreased to 1.9% on an annualized basis, reflecting lower management fees.

The fund completed $44.0 million in total private loan portfolio investments, resulting in a net decrease of $29.6 million in the total cost basis of the private loan investment portfolio. Additionally, the fund invested $20.3 million in LMM portfolio follow-on investments, leading to a net increase of $15.9 million in the total cost basis of the LMM investment portfolio.

MSC Income Fund's Chief Executive Officer, Dwayne L. Hyzak, commented on the fund's performance, stating, "We are pleased with the Fund's performance in the second quarter, which resulted in an annualized return on equity of 9% and a favorable level of net investment income per share. We believe that the second quarter results provide visibility to the opportunity for the Fund's continued favorable performance in the future, with the potential for increased net investment income and dividends as we work to expand the Fund's investment portfolio over the next several quarters."

Reference List:
[1] https://www.mscincomefund.com/investors/news/press-releases/detail/146/msc-income-fund-announces-second-quarter-2025-results