Dividend reinvestment boosts MSC Income Fund (MSIF) director holdings

Rhea-AI Filing Summary

MSC INCOME FUND, INC. director Jeffrey B. Walker increased his stake through a routine dividend reinvestment. He acquired 482.658 shares of common stock on January 30, 2026 at $12.95 per share under a dividend reinvestment plan. Following this transaction, he directly owns 21,549.0800 common shares. The filing notes this dividend reinvestment transaction is exempt from Section 16 under Rule 16a-11 and does not represent an open-market trade.

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

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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^*

Walker Jeffrey B.

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/30/2026

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	01/30/2026		J(1)	V	482.658	A	$12.95	21,549.08	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	03/10/2026
	** 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.
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FAQ

What did MSC INCOME FUND (MSIF) director Jeffrey B. Walker report on this Form 4?

Jeffrey B. Walker reported acquiring additional MSC INCOME FUND common shares through a dividend reinvestment plan. The transaction reflects automatic reinvestment of dividends, not an open-market purchase, and modestly increases his direct ownership position in the company.

How many MSC INCOME FUND (MSIF) shares were acquired in the dividend reinvestment?

The filing shows an acquisition of 482.658 common shares at a price of $12.95 per share. These shares were obtained automatically through a dividend reinvestment plan, rather than by placing a buy order in the open market.

What is Jeffrey B. Walker’s MSC INCOME FUND (MSIF) ownership after this transaction?

After the dividend reinvestment, Jeffrey B. Walker directly holds 21,549.0800 common shares of MSC INCOME FUND. This updated total reflects the newly acquired 482.658 shares added to his existing position through the company’s dividend reinvestment plan.

Was this MSC INCOME FUND (MSIF) Form 4 transaction an open-market trade?

No, the transaction was not an open-market trade. The footnote explains that the shares were acquired under a dividend reinvestment plan, making it a dividend reinvestment transaction rather than a discretionary market purchase or sale of MSC INCOME FUND stock.

Why is the MSC INCOME FUND (MSIF) dividend reinvestment transaction exempt from Section 16?

The filing states the shares were acquired under a dividend reinvestment plan in a transaction exempt from Section 16 under Rule 16a-11. This rule generally treats certain automatic dividend reinvestments differently from discretionary insider trading activity for reporting and liability purposes.