Dividend reinvestment boosts MSC Income Fund (MSIF) CEO insider holdings

Rhea-AI Filing Summary

MSC INCOME FUND, INC. director and CEO Dwayne L. Hyzak received 343.886 shares of common stock through a dividend reinvestment plan at $13.31 per share. This automatic reinvestment, reported as an "other" transaction, increased his direct holdings to 60,469.221 shares of common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Hyzak Dwayne L.

Role CEO, SMD

Type	Security	Shares	Price	Value
Other	Common Stock	343.886	$13.31	$5K

Holdings After Transaction: Common Stock — 60,469.221 shares (Direct, null)

Footnotes (1)

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Key Figures

Dividend reinvestment shares: 343.886 shares Reinvestment price: $13.31 per share Shares owned after transaction: 60,469.221 shares

3 metrics

Dividend reinvestment shares 343.886 shares Common Stock credited under dividend reinvestment plan

Reinvestment price $13.31 per share Price used for dividend reinvestment on Common Stock

Shares owned after transaction 60,469.221 shares Direct holdings of Common Stock following Form 4 transaction

Key Terms

dividend reinvestment plan, Rule 16a-11, Section 16, Common Stock

4 terms

dividend reinvestment plan financial

"The reporting person acquired these shares under a dividend reinvestment plan"

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.

Rule 16a-11 regulatory

"transaction exempt from Section 16 under Rule 16a-11"

Section 16 regulatory

"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.

Common Stock financial

"security_title: "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 Insider Transactions: What Each Field Means →

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^*

Hyzak Dwayne 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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CEO, 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	343.886	A	$13.31	60,469.221	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)

FAQ

What insider transaction did MSIF CEO Dwayne Hyzak report on this Form 4?

Dwayne L. Hyzak reported receiving 343.886 shares of MSC Income Fund common stock. The shares were credited under a dividend reinvestment plan at $13.31 per share, increasing his direct ownership to 60,469.221 shares after the transaction.

Was the MSIF Form 4 transaction an open-market buy or sell?

The transaction was not an open-market buy or sell. It is classified as an "other" transaction code J, reflecting shares acquired automatically through a dividend reinvestment plan rather than a discretionary market purchase or sale.

How many MSC Income Fund (MSIF) shares does Dwayne Hyzak now hold?

After the dividend reinvestment transaction, Dwayne L. Hyzak directly holds 60,469.221 shares of MSC Income Fund common stock. This figure reflects his position following the crediting of 343.886 new shares under the company’s dividend reinvestment plan.

At what price were the dividend reinvestment shares for MSIF credited?

The 343.886 reinvested shares were credited at $13.31 per share. This price is the transaction price per share reported on the Form 4 for the common stock received under the dividend reinvestment plan on the transaction date.

What does transaction code J mean on the MSIF Form 4 filing?

Transaction code J indicates an "other acquisition or disposition" of securities. In this case, it reflects shares acquired through a dividend reinvestment plan, a routine, automatic mechanism distinct from open-market trades such as direct purchases or sales.

How is the MSIF dividend reinvestment transaction treated under Section 16 rules?

The filing notes the shares were acquired under a dividend reinvestment plan in a transaction exempt from Section 16 under Rule 16a-11. This exemption acknowledges automatic dividend reinvestments as a special category of insider transactions under SEC regulations.