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%)