[Form 4] MSC Income Fund, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Reporting person: Niemann John O. Jr., a director of MSC Income Fund, Inc. (MSIF), filed a Form 4 disclosing an open-market purchase on 09/09/2025.

The filing shows 4,240 shares of Common Stock were acquired at a weighted-average price of $13.92 (transactions ranged from $13.90 to $13.93). After the transactions, the reporting person beneficially owned 32,367.471 shares. The purchase was reported on the form signed by an attorney-in-fact on 09/10/2025. The filer’s business address on the form is 1300 Post Oak Blvd, 8th Floor, Houston, TX 77056.

Positive

• Director acquisition disclosed: 4,240 shares purchased on 09/09/2025 at a weighted-average price of $13.92 (range $13.90–$13.93).
• Post-transaction ownership disclosed: Reporting person beneficially owns 32,367.471 shares following the purchase.

Negative

• None.

Insights

Financial Analyst

TL;DR: Director purchased 4,240 shares at a weighted average of $13.92, modestly increasing reported beneficial ownership to 32,367.471 shares.

The disclosed transaction is a straightforward open-market purchase by a company director on 09/09/2025. The size of the purchase (4,240 shares) and the resulting total beneficial ownership are explicitly reported. This is a routine Section 16 filing documenting insider activity; absent additional context on outstanding share counts or recent trading patterns, the transaction alone does not imply material change to capitalization or control.

Corporate Governance Expert

TL;DR: Filing documents a director-level acquisition disclosed under Section 16; signatures include an attorney-in-fact endorsement.

The Form 4 correctly identifies the reporting person as a director and records the transaction code and weighted-average price range. The form includes the required explanatory footnote about the weighted-average price and an attorney-in-fact signature dated 09/10/2025. From a governance and compliance perspective, the disclosure appears complete for this transaction as presented.

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^*

Niemann John O. Jr.

(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)
09/09/2025

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	09/09/2025		P		4,240	A	$13.92(1)	32,367.471	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 price reported is a weighted average price. These shares were purchased in multiple transaction at prices ranging from $13.90 to $13.93, inclusive. The reporting person undertakes to provide to MSC Income Fund, Inc, any of its security holders, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

	/s/ Jason B. Beauvais, Attorney-in-Fact	09/10/2025
	** 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

Who filed the Form 4 for MSIF and what is their relationship to the company?

The Form 4 was filed on behalf of Niemann John O. Jr., who is identified as a Director of MSC Income Fund, Inc.

What transaction is reported on the MSIF Form 4 dated 09/09/2025?

The filing reports the purchase of 4,240 shares of Common Stock on 09/09/2025 at a weighted-average price of $13.92.

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

After the reported purchase, the reporting person beneficially owned 32,367.471 shares.

What price range did the reported MSIF purchase occur within?

The explanatory footnote states the shares were purchased at prices ranging from $13.90 to $13.93, inclusive.

When was the Form 4 signed and by whom?

The form was signed by Jason B. Beauvais, Attorney-in-Fact on 09/10/2025.