MSC Income Fund executive adds shares via DRIP

MSC INCOME FUND, INC.

Rhea-AI Filing Summary

MSC INCOME FUND, INC. President and CIO David L. Magdol increased his direct holdings through an automatic dividend reinvestment. On May 1, 2026, he acquired 275.109 shares of common stock at $13.31 per share under the company’s dividend reinvestment plan, bringing his direct ownership to 46,449.777 shares.

Insider Trade Summary

Other: 275.109 shares

Other 1 txn

Insider Magdol David L.

Role PRESIDENT, CIO AND SMD

Type	Security	Shares	Price	Value
Other	Common Stock	275.109	$13.31	$4K

Holdings After Transaction: Common Stock — 46,449.777 shares (Direct)

Footnotes (1)

1. F1. The reporting person acquired these shares under a dividend reinvestment plan, pursuant to a dividend reinvestment transaction exempt from Section 16 under Rule 16a-11.

Key Figures

Shares acquired: 275.109 shares Transaction price: $13.31 per share Shares owned after: 46,449.777 shares +1 more

4 metrics

Shares acquired 275.109 shares Dividend reinvestment on May 1, 2026

Transaction price $13.31 per share Price for dividend reinvestment shares

Shares owned after 46,449.777 shares Direct common stock holdings post-transaction

Transaction code J Other acquisition or disposition under Rule 16a-11

Key Terms

dividend reinvestment plan, Section 16, Rule 16a-11, Other acquisition or disposition

4 terms

dividend reinvestment plan financial

"The reporting person acquired these shares under a dividend reinvestment plan, pursuant to a dividend reinvestment transaction exempt from Section 16 under Rule 16a-11."

A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.

Section 16 regulatory

"pursuant to a dividend reinvestment transaction exempt from Section 16 under Rule 16a-11."

Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.

Rule 16a-11 regulatory

"pursuant to a dividend reinvestment transaction exempt from Section 16 under Rule 16a-11."

Other acquisition or disposition financial

"transaction_code_description": "Other acquisition or disposition""

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did MSC INCOME FUND (MSIF) insider David L. Magdol report in this Form 4?

David L. Magdol reported acquiring additional MSC INCOME FUND common shares through a dividend reinvestment plan. On May 1, 2026, 275.109 shares were credited at $13.31 each, reflecting an automatic reinvestment of dividends rather than an open-market purchase.

How many MSC INCOME FUND (MSIF) shares were added through the dividend reinvestment?

The filing shows 275.109 MSC INCOME FUND common shares were added via dividend reinvestment. These shares were credited at a transaction price of $13.31 per share, classified as an “other” transaction related to a dividend reinvestment plan under Rule 16a-11.

What is David L. Magdol’s MSC INCOME FUND (MSIF) ownership after this transaction?

After the dividend reinvestment, David L. Magdol directly holds 46,449.777 MSC INCOME FUND common shares. This total reflects the addition of 275.109 shares credited on May 1, 2026, under the company’s dividend reinvestment plan described in the Form 4 footnote.

Was this MSC INCOME FUND (MSIF) Form 4 an open-market buy or a routine transaction?

The Form 4 describes a routine transaction under a dividend reinvestment plan, not an open-market buy. Shares were acquired automatically through reinvested dividends, categorized as an “other acquisition or disposition” exempt from Section 16 under Rule 16a-11.

How is the MSC INCOME FUND (MSIF) dividend reinvestment transaction classified in the Form 4?

The transaction is coded “J” and described as an “other acquisition or disposition.” A footnote explains that shares were acquired under a dividend reinvestment plan in a transaction exempt from Section 16 under Rule 16a-11, indicating a routine, plan-based share credit.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/19/2026 - 04:30 PM EDT Learn about SEC filing dates

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
Estimated average burden
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).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Magdol David L.

(Last) (First) (Middle)

1300 POST OAK BLVD, 8TH FLOOR

(Street)

HOUSTON TEXAS 77056

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026

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

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

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

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	05/01/2026		J(1)	V	275.109	A	$13.31	46,449.777	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:

1. The reporting person acquired these shares under a dividend reinvestment plan, pursuant to a dividend reinvestment transaction exempt from Section 16 under Rule 16a-11.

	/s/ Jason B. Beauvais, Attorney-in-Fact	05/19/2026
	** 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.
* Form 4: SEC 1474 (03-26)