MSC Income Fund, Inc. reported its financial results for the second quarter of 2025, revealing a total investment income of $35.6 million, a 5% increase from $33.9 million in the same period last year. The growth in investment income was driven by a rise in dividend income, which surged by 24% to $5.0 million, and a 2% increase in interest income to $29.3 million. The company’s net investment income for the quarter was $16.3 million, or $0.35 per share, compared to $13.4 million, or $0.33 per share, in the prior year, reflecting a 22% increase.
Total expenses for the quarter decreased by 6% to $18.3 million, down from $19.6 million in the previous year. This reduction was attributed to lower interest expenses, which fell by 9% to $8.7 million, and a significant drop in internal administrative services expenses, which decreased by 93% to $172,000. The company’s net increase in net assets resulting from operations was $16.3 million, a decrease from $18.1 million in the same quarter of 2024.
In terms of portfolio performance, MSC Income's total assets increased to $1.29 billion as of June 30, 2025, up from $1.22 billion at the end of 2024. The company’s investments at fair value totaled $1.25 billion, with control investments valued at $61.6 million, affiliate investments at $383.8 million, and non-control/non-affiliate investments at $800.1 million. The company’s net asset value per share decreased slightly to $15.33 from $15.53 at the end of the previous fiscal period.
Strategically, MSC Income has shifted its focus to a Private Loan investment strategy, moving away from its previous emphasis on lower middle market investments. This transition is expected to reduce the size of its lower middle market investment portfolio over time as existing investments are repaid or sold. The company also completed a follow-on public offering of 5.5 million shares at $15.53 per share, generating net proceeds of approximately $90.5 million, which will support its investment activities.
Looking ahead, MSC Income anticipates continued challenges from macroeconomic factors, including inflation and potential economic downturns, which could impact the performance of its portfolio companies. The company remains committed to managing its cost structure and liquidity while seeking to grow its investment income over the long term.
About MSC INCOME FUND, INC.
About 10-Q Filings
A 10-Q form is an important financial report that public companies in the United States must submit every three months. It gives a clear picture of a company's financial health and recent performance.
Key points about the 10-Q:
- Frequency: Companies file it three times a year, covering the first three quarters. The fourth quarter is covered in a more comprehensive annual report.
-
Content: It includes:
- Financial statements showing the company's current financial position
- Updates from management on the performance and projections of the business
- Information about potential risks the company faces
- Details on how the company is run internally
- Deadline: Must be filed within 40 or 45 days after the quarter ends, depending on the size of the company.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.