MSC Income Fund Inc (NYSE:MSIF)

Q3 2025 MSC Income Fund Inc Earnings Call Transcript

Nov 14, 2025 / 03:00 PM GMT

Release Date Price: $13.13 (+8.33%)

Transcript 10-Q8-K

Key Points

Positve

MSC Income Fund Inc (MSIF) reported a strong return on equity of 14.6% for the third quarter.
The fund's net asset value (NAV) per share increased by $0.21 to $15.54 from the prior quarter.
The fund declared a regular quarterly dividend of $0.35 per share and a supplemental dividend of $0.01 per share.
The private loan investment pipeline is described as above average, indicating potential for future growth.
Main Street Capital Corporation continues to support the fund, including purchasing equity and waiving some incentive fees.

Negative

Private loan investment activity was slower than expected, resulting in a net decrease of $6.7 million.
The fund continues to see softness in certain private loan portfolio companies, particularly those with consumer exposure.
Despite a positive outlook, the fund's investment activity has been behind budget for the last two quarters.
The fund's expense ratio, excluding incentive fees, increased from 1.9% in the second quarter to 2% in the third quarter.
Non-accrual investments comprised 1.4% of the total investment portfolio at fair value, indicating some level of risk.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

MSIF.N - MSC Income Fund Inc
Q3 2025 MSC Income Fund Inc Earnings Call
Nov 14, 2025 / 03:00PM GMT

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Presentation
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Unidentified_1 [1]
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Greetings and welcome to the MSC Income Fund 3rd quarter earnings conference call.

At this time, all participants are in a listen-only mode.

A question-and-answer session will follow the formal presentation.

If anyone should require operator assistance during the conference, please press 0 on your telephone keypad.

As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host, Zach Vaughn.

Thank you, sir. You may begin.

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Unidentified_2 [2]
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Thank you, operator, and

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