MSC Income Fund reports preliminary fourth quarter results

MSC Income Fund Inc. (NYSE: MSIF) released preliminary estimates for its fourth quarter 2025 operating results, showing net investment income of $0.26 to $0.30 per share and net asset value per share of $15.81 to $15.89 as of December 31, 2025.

The fund's preliminary net asset value represents an increase of $0.27 to $0.35 per share, or 1.8% to 2.3%, from $15.54 per share as of September 30, 2025. The company estimates it generated a return on equity exceeding 16% for the fourth quarter on an annualized basis and over 12% for the full year 2025.

During the fourth quarter, the fund made $100.9 million in total private loan portfolio investments, resulting in a net increase of $57.1 million in the total cost basis of the private loan investment portfolio after repayments and exits. The fund also made $23.0 million in lower middle market portfolio follow-on investments, leading to a net increase of $14.9 million in that portfolio's cost basis.

The fund's preliminary estimate shows investments on non-accrual status comprised 1.0% of the total investment portfolio at fair value and 3.9% at cost as of December 31, 2025.

MSC Income announced that its 2025 dividends totaled $1.44 per share, with approximately 81% taxed as ordinary income, 18% as qualified dividends, and 1% as long-term capital gains for federal tax purposes.

The company will release its complete fourth quarter and full year 2025 results on February 26, 2026, after market close, followed by a conference call on February 27, 2026, at 11:00 a.m. Eastern time.

The preliminary estimates are subject to completion of year-end closing procedures and third-party audit, and actual results may differ materially from these estimates.

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