MSIF Insider Purchase — 3,500 Shares on 09/30/2025

Rhea-AI Filing Summary

Magdol David L., President, CIO and SMD of MSC INCOME FUND, INC. (MSIF), reported a purchase on 09/30/2025 of 3,500 shares of the issuer's common stock at $13.25 per share. After the transaction the reporting person beneficially owned 45,625.326 shares. The Form 4 was signed by an attorney-in-fact, Jason B. Beauvais.

Positive

• Officer purchase disclosed: A senior executive (President, CIO and SMD) acquired common stock, increasing alignment with shareholders.
• Clear transaction details: Date (09/30/2025), amount (3,500 shares), and price ($13.25) are explicitly reported.

Negative

• None.

Insights

Securities Analyst

TL;DR: Insiders purchased 3,500 shares at $13.25, increasing beneficial holdings to 45,625.326 shares.

The Form 4 documents a straightforward open-market acquisition by a senior officer on 09/30/2025. The transaction size and price are disclosed precisely; no options or derivative activity are reported. The filing is routine and provides clear, actionable ownership data without additional disclosures.

Corporate Governance Expert

TL;DR: Officer-level insider made a non-derivative purchase; filing is complete and signed by attorney-in-fact.

This filing shows an officer-level insider increased direct beneficial ownership via a purchase. The report includes relationship to issuer and post-transaction holdings. There are no amendments, dispositions, or derivative instruments disclosed. Signature by an attorney-in-fact is properly shown.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Magdol David L.

(Last) (First) (Middle)

1300 POST OAK BLVD, 8TH FLOOR

(Street)

HOUSTON TX 77056

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MSC INCOME FUND, INC. [ MSIF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	PRESIDENT, CIO AND SMD

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/30/2025		P		3,500	A	$13.25	45,625.326	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	/s/ Jason B. Beauvais, Attorney-in-Fact	09/30/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did the insider buy in the MSIF Form 4?

The insider purchased 3,500 shares of MSIF common stock.

When was the MSIF insider transaction reported?

The transaction date reported is 09/30/2025.

At what price were the MSIF shares acquired?

The shares were acquired at $13.25 per share.

How many MSIF shares does the reporting person own after the transaction?

The reporting person beneficially owned 45,625.326 shares following the purchase.

Who signed the Form 4 for this MSIF filing?

The Form 4 was signed by Jason B. Beauvais, Attorney-in-Fact, on 09/30/2025.