Dividend reinvestment boosts MSC INCOME FUND (MSIF) EVP Beauvais’ holdings

Rhea-AI Filing Summary

MSC INCOME FUND, INC. executive Jason B. Beauvais increased his direct common stock holdings through a routine dividend reinvestment. On this Form 4, he acquired 141.177 shares at $12.97 per share under a dividend reininvestment plan exempt from Section 16 under Rule 16a-11, bringing his direct ownership to 30,228.177 shares. This was recorded as an "other" transaction, not an open-market buy or sale, and reflects automatic reinvestment of cash dividends rather than a discretionary trade.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Beauvais Jason B

Role EVP, GC, SECRETARY

Type	Security	Shares	Price	Value
Other	Common Stock	141.177	$12.97	$2K

Holdings After Transaction: Common Stock — 30,228.177 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares acquired: 141.177 shares Reinvestment price: $12.97 per share Total holdings after: 30,228.177 shares +1 more

4 metrics

Shares acquired 141.177 shares Common stock via dividend reinvestment on transaction date

Reinvestment price $12.97 per share Price used for dividend reinvestment transaction

Total holdings after 30,228.177 shares Direct common stock ownership following transaction

Restructuring shares 141.177 shares Classified as restructuring/other in transaction summary

Key Terms

dividend reinvestment plan, Section 16, Rule 16a-11, transaction code J, +1 more

5 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.

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.

Rule 16a-11 regulatory

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

transaction code J regulatory

"transaction_code_description": "Other acquisition or disposition""

non-derivative financial

"transaction_type": "non-derivative""

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^*

Beauvais Jason B

(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)
	EVP, GC, SECRETARY

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	141.177	A	$12.97	30,228.177	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	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 MSC INCOME FUND (MSIF) report for Jason B. Beauvais?

MSC INCOME FUND reported that EVP, GC and Secretary Jason B. Beauvais acquired 141.177 common shares via a dividend reinvestment plan. This automatic transaction increased his direct holdings to 30,228.177 shares and was coded as an "other" Section 16 transaction.

Was the MSC INCOME FUND (MSIF) insider transaction an open-market buy or sale?

The transaction was not an open-market buy or sale. It was coded as a J-type "other" acquisition or disposition and occurred under a dividend reinvestment plan, where cash dividends are automatically used to purchase additional common stock for the shareholder.

How many MSC INCOME FUND (MSIF) shares does Jason B. Beauvais hold after this filing?

After the reported transaction, Jason B. Beauvais directly holds 30,228.177 shares of MSC INCOME FUND common stock. This total reflects the addition of 141.177 shares acquired at $12.97 each through the company’s dividend reinvestment plan on the reported transaction date.

What price was used for the MSC INCOME FUND (MSIF) dividend reinvestment shares?

The dividend reinvestment transaction used a price of $12.97 per share. At this price, 141.177 common shares were credited to Jason B. Beauvais under the company’s dividend reinvestment plan, as disclosed in the Form 4 footnote and transaction details.

What does a J code mean in the MSC INCOME FUND (MSIF) Form 4 filing?

In this Form 4, the J transaction code indicates an "other acquisition or disposition" of non-derivative securities. Here, it represents shares acquired automatically under a dividend reinvestment plan, which is treated separately from regular market purchases or sales under Section 16 rules.