Call Scheduled for 10:00 a.m. Eastern Time on Tuesday, May 13, 2025
HOUSTON, April 17, 2025 /PRNewswire/ -- MSC Income Fund, Inc. (NYSE: MSIF) ("MSC Income" or the "Company") is pleased to announce that it will release its first quarter 2025 results on Monday, May 12, 2025 after the financial markets close. In conjunction with the release, the Company has scheduled a conference call, which will be broadcast live via phone and over the Internet, on Tuesday, May 13, 2025 at 10:00 a.m. Eastern time. Investors may participate either by phone or audio webcast.(1)
Announces First Quarter 2025 Earnings Release and Conference Call Schedule
HOUSTON, April 16, 2025 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street" or the "Company") is pleased to announce its preliminary operating results for the first quarter of 2025 and its first quarter 2025 earnings release and conference call schedule.
In commenting on the Company's preliminary operating results for the first quarter of 2025, Dwayne L. Hyzak, Main Street's Chief Executive Officer, stated, "We are pleased with our performance in the first quarter, which resulted in another quarter of strong operating results, including a new record for net asset value per share for the eleventh consecutive quarter, favorable distributable net investment income per share and significant net unrealized appreciation, which resulted in an estimated return on equity of over 16% for the first quarter. We are pleased with our first quarter 2025 results and look forward to sharing the full details of our results in a few weeks."
HOUSTON, April 10, 2025 /PRNewswire/ -- MSC Income Fund, Inc. (NYSE: MSIF) ("MSC Income" or the "Company") is pleased to announce the following recent activity in its private loan portfolio. During the first quarter of 2025, MSC Income originated new or increased commitments in its private loan portfolio of $135.9 million and funded total investments across its private loan portfolio with a cost basis totaling $137.5 million.
The following represent notable new private loan commitments and investments during the first quarter of 2025:
HOUSTON, April 10, 2025 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce the following recent activity in its private loan portfolio. During the first quarter of 2025, Main Street originated new or increased commitments in its private loan portfolio of $130.4 million and funded total investments across its private loan portfolio with a cost basis totaling $138.2 million.
The following represent notable new private loan commitments and investments during the first quarter of 2025:
Invests $12.5 Million in Recapitalization of a Management Services Organization
HOUSTON, April 1, 2025 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that it recently completed a new portfolio investment totaling $12.5 million to facilitate the minority recapitalization of a leading vascular care management services organization located in the Northeastern U.S. (the "Company"). Main Street partnered with the Company's founders to facilitate the minority recapitalization. Main Street's investment in the Company includes a combination of first lien, senior secured term debt and a direct equity investment.
Interest Rate Reduced; Maturity of the Facility Extended to February 2030
HOUSTON, March 25, 2025 /PRNewswire/ -- MSC Income Fund, Inc. (NYSE: MSIF) (the "Company") is pleased to announce that its wholly-owned subsidiary, MSIF Funding, LLC, recently amended its special purpose vehicle revolving credit facility (the "SPV Facility") with JPMorgan Chase Bank, National Association. The recently closed amendment decreases the interest rate to three-month Secured Overnight Financing Rate ("SOFR") plus 2.20% from the prior interest rate of three-month SOFR plus 3.00% per annum. The amendment also extends the revolving period, or reinvestment period, through February 2029 and the final maturity date to February 2030.
Invests $49.3 Million in Recapitalization of Moffitt Holdings, LLC
HOUSTON, March 25, 2025 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that it recently completed a new portfolio investment totaling $49.3 million to facilitate the minority recapitalization of Moffitt Holdings, LLC, dba Moffitt Services ("Moffitt" or the "Company"), a leading bulk fuel and lubricant distribution solutions provider for a diverse group of industries. Main Street partnered with Moffitt's founders and management team to facilitate the minority recapitalization. Main Street's investment in the Company includes a combination of first-lien, senior secured term debt and a direct equity investment.
Fourth Quarter 2024 Net Investment Income of $0.35 Per Share
Net Asset Value of $15.53 Per Share
HOUSTON, March 19, 2025 /PRNewswire/ -- MSC Income Fund, Inc. (NYSE: MSIF) ("MSC Income") is pleased to announce its financial results for the fourth quarter and full year ended December 31, 2024. Unless otherwise noted or the context otherwise indicates, the terms the "Company" and the "Fund" refer to MSC Income and its consolidated subsidiaries.
Fourth Quarter 2024 Highlights(1)
Net investment income of $14.2 million (or $0.35 per share)Total investment income of $33.5 millionNet increase in net assets resulting from operations of $20.5 million (or $0.51 per share)Return on equity(2) of 13.2% on an annualized basisNet asset value of $15.53 per share as of December 31, 2024, representing an increase of $0.15 per share, or 1.0%, compared to $15.38 per share as of September 30, 2024Declared regular quarterly dividends totaling $0.36 per share payable in the first quarter of 2025, representing a 2.9% increase from the regular quarterly dividends paid in the first quarter of 2024Completed $29.5 million in total private loan portfolio investments, which after aggregate repayments of private loan portfolio debt investments and a decrease in cost basis due to a realized loss on a private loan portfolio investment resulted in a net decrease of $5.5 million in the total cost basis of the private loan investment portfolioCompleted $30.5 million in total lower middle market ("LMM") portfolio investments, including investments of $16.6 million in two new LMM portfolio companies, which after aggregate repayments of LMM portfolio debt investments and a decrease in cost basis due to a realized loss on a LMM portfolio investment resulted in a net increase of $16.4 million in the total cost basis of the LMM investment portfolioNet decrease of $7.5 million in the total cost basis of the middle market investment portfolioKroll Bond Rating Agency, LLC ("KBRA") reaffirmed the Fund's investment grade issuer and senior unsecured debt rating of BBB- with a stable outlookFurther 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% (from 2.50%) or (ii) the base rate plus 1.05% (from 1.40%)Regular Quarterly Dividend of $0.35 per Share and Supplemental Quarterly Dividend of $0.01 per Share Payable May 1, 2025
HOUSTON, March 7, 2025 /PRNewswire/ -- MSC Income Fund, Inc. (NYSE: MSIF) (the "Company") is pleased to announce that its Board of Directors has declared a regular quarterly cash dividend of $0.35 per share for the second quarter of 2025 payable in May 2025.
Second Quarter 2025 Regular Quarterly Dividend
Declared
Record Date
Payment Date
Amount Per Share
3/6/2025
3/31/2025
5/1/2025
$0.35
Total Commitments Increased $80.0 million to $245.0 million
Accordion Feature Increased $100.0 million to $300.0 million
HOUSTON, March 4, 2025 /PRNewswire/ -- MSC Income Fund, Inc. (NYSE: MSIF) (the "Company") is pleased to announce the amendment of its senior secured revolving credit facility (the "Corporate Facility"). The recently closed amendment provides an increase in total commitments from $165.0 million to $245.0 million. The $80.0 million increase in total commitments was the result of the addition of a new lender relationship, which further diversifies the Company's lender group under the Corporate Facility to a total of seven participants. In addition to the increased commitments, the amendment also provides for an increase to the accordion feature, which provides the Company with the right to request increases in commitments under the facility on the same terms and conditions as the existing commitments, from up to a total of $200.0 million to up to a total of $300.0 million.
Fourth Quarter 2024 Net Investment Income of $1.02 Per Share
Fourth Quarter 2024 Distributable Net Investment Income(1) of $1.08 Per Share
Net Asset Value of $31.65 Per Share
HOUSTON, Feb. 27, 2025 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce its financial results for the fourth quarter and full year ended December 31, 2024. Unless otherwise noted or the context otherwise indicates, the terms "we," "us," "our" and the "Company" refer to Main Street and its consolidated subsidiaries.
Regular Monthly Dividends of $0.25 Per Share for each of April, May and June 2025
Supplemental Dividend of $0.30 Per Share Payable in March 2025
HOUSTON, Feb. 25, 2025 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that its Board of Directors declared regular monthly cash dividends of $0.25 per share for each of April, May and June 2025. These monthly dividends, which will be payable pursuant to the table below, total $0.75 per share for the second quarter of 2025 and are consistent with the regular monthly dividends declared for the first quarter of 2025 and represent a 4.2% increase from the regular monthly dividends paid in the second quarter of 2024. Since its October 2007 initial public offering, Main Street has periodically increased the amount of its regular monthly dividends paid per share and has never reduced its regular monthly dividend amount per share.
Call Scheduled for 10:00 a.m. Eastern Time on Thursday, March 20, 2025
HOUSTON, Feb. 20, 2025 /PRNewswire/ -- MSC Income Fund, Inc. (NYSE: MSIF) (the "Company") is pleased to announce that it will release its fourth quarter and full year 2024 results on Wednesday, March 19, 2025 after the financial markets close. In conjunction with the release, the Company has scheduled a conference call, which will be broadcast live via phone and over the Internet, on Thursday, March 20, 2025 at 10:00 a.m. Eastern time. Investors may participate either by phone or audio webcast.(1)
Underwriters Fully Exercise Option to Purchase Additional Shares
HOUSTON, Feb. 4, 2025 /PRNewswire/ -- MSC Income Fund, Inc. (NYSE: MSIF) ("MSC Income" or the "Company"), an externally managed business development company, is pleased to announce that it closed the previously announced public offering of 5,500,000 shares of its common stock (the "Common Stock") at the public offering price of $15.53 per share. MSC Income's shares of Common Stock began trading on the New York Stock Exchange on January 29, 2025 under the ticker symbol "MSIF." In addition, the underwriters have fully exercised their overallotment option to purchase 825,000 additional shares. Including the exercise of the underwriters' overallotment option, MSC Income sold a total of 6,325,000 shares of Common Stock in the offering for approximately $91 million in net proceeds, after deducting underwriting discounts and commissions and estimated offering expenses payable by MSC Income.
HOUSTON, Jan. 30, 2025 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that MSC Income Fund, Inc. ("MSC Income"), an externally managed business development company ("BDC") for which Main Street's wholly owned registered investment adviser, MSC Adviser I, LLC ("MSC Adviser"), serves as the investment adviser and administrator, recently closed a follow-on public offering of 5,500,000 shares of its common stock at $15.53 per share and, in connection with the offering, MSC Income's shares of common stock began trading on the New York Stock Exchange on January 29, 2025 under the ticker symbol "MSIF." MSC Income received gross proceeds from the offering of approximately $85.4 million, which it intends to use, after the fees and expenses associated with the offering, to repay outstanding debt borrowed under its credit facilities, and then through re-borrowing under the credit facilities, to make investments in accordance with its investment objective and strategies, pay operating expenses and other cash obligations, and for general corporate purposes.
HOUSTON, Jan. 28, 2025 /PRNewswire/ -- MSC Income Fund, Inc. ("MSC Income" or the "Company"), an externally managed business development company, today announced that it priced its public offering of 5,500,000 shares of its common stock (the "Common Stock") at $15.53 per share. MSC Income's shares of Common Stock are expected to begin trading on the New York Stock Exchange on January 29, 2025 under the symbol "MSIF." MSC Income also granted the underwriters an option to purchase up to an additional 825,000 shares of Common Stock to cover overallotments, if any. The closing of the offering is subject to customary closing conditions. The shares are expected to be delivered on or about January 30, 2025.
HOUSTON, Jan. 21, 2025 /PRNewswire/ -- MSC Income Fund, Inc. ("MSC Income" or the "Company"), an externally managed business development company, today announced that it has commenced a public offering of 4,850,000 shares of its common stock. The public offering price per share of the common stock is expected to be $15.53. MSC Income is expected to list its common stock on the New York Stock Exchange under the symbol "MSIF." MSC Income expects to grant the underwriters an option to purchase up to an additional 727,500 shares of common stock to cover over-allotments, if any. The completion of the proposed offering depends upon several factors, including market and other conditions, and there can be no assurance as to whether or when the proposed offering may be completed, or as to the actual size or terms of the proposed offering.
Announces Federal Tax Treatment of 2024 Dividends
Announces Fourth Quarter and Full Year 2024 Earnings Release and Conference Call Schedule
HOUSTON, Jan. 16, 2025 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street" or the "Company") is pleased to announce its preliminary operating results for the fourth quarter of 2024, the federal tax treatment of its dividends paid in 2024 and its fourth quarter and full year 2024 earnings release and conference call schedule.
In commenting on the Company's preliminary operating results for the fourth quarter of 2024, Dwayne L. Hyzak, Main Street's Chief Executive Officer, stated, "We are extremely pleased with our continued strong performance in the fourth quarter, which closed another record year for Main Street across several key financial metrics. Our preliminary operating results highlight that our fourth quarter performance resulted in another quarter of strong operating results, including favorable distributable net investment income per share and significant net realized gains and net unrealized appreciation, which resulted in an estimated record return on equity of over 25% for the fourth quarter. We are extremely pleased with our fourth quarter and full year 2024 results and look forward to sharing the full details of our results in a few weeks."
HOUSTON, Jan. 9, 2025 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce the following recent activity in its private loan portfolio. During the fourth quarter of 2024, Main Street originated new or increased commitments in its private loan portfolio of $123.4 million and funded total investments across its private loan portfolio with a cost basis totaling $108.0 million.
The following represent notable new private loan commitments and investments during the fourth quarter of 2024:
Generates $53.7 Million Realized Gain from Exit of Equity Investment in Pearl Meyer & Partners, LLC
HOUSTON, Jan. 7, 2025 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that it recently fully exited its debt and equity investments in Pearl Meyer & Partners, LLC ("Pearl Meyer" or the "Company") upon the completion of a majority recapitalization with a new financial sponsor. Founded in 1989, Pearl Meyer is the leading provider of executive compensation and leadership & development consulting services to a broad client base comprised of public company boards of directors, executive management teams, financial sponsors and private companies operating in a diverse set of industries.
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