MSC Income Fund (MSIF) CEO boosts stake through dividend reinvestment

Rhea-AI Filing Summary

MSC INCOME FUND, INC. director and CEO Dwayne L. Hyzak acquired 343.917 shares of common stock on a dividend reinvestment plan at $12.95 per share. This routine reinvestment increased his direct holdings to 60,125.335 shares, reflecting automatic share accumulation rather than an open-market trade.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Hyzak Dwayne L.

Role CEO, SMD

Type	Security	Shares	Price	Value
Other	Common Stock	343.917	$12.95	$4K

Holdings After Transaction: Common Stock — 60,125.335 shares (Direct)

Footnotes (1)

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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 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
X	Officer (give title below)		Other (specify below)
	CEO, SMD

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	343.917	A	$12.95	60,125.335	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.
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

What did MSC INCOME FUND (MSIF) CEO Dwayne Hyzak report on this Form 4?

He reported acquiring 343.917 MSC INCOME FUND common shares through a dividend reinvestment plan. The shares were credited at a price of $12.95 per share, increasing his directly held position as part of an automatic reinvestment mechanism rather than open-market buying.

How many MSC INCOME FUND (MSIF) shares does Dwayne Hyzak hold after the transaction?

After the dividend reinvestment, Dwayne Hyzak directly holds 60,125.335 MSC INCOME FUND common shares. This figure reflects his updated ownership following the 343.917-share reinvestment credited on January 30, 2026, under the company’s dividend reinvestment plan.

What was the price per share for the MSC INCOME FUND (MSIF) dividend reinvestment?

The dividend reinvestment credited 343.917 MSC INCOME FUND shares at $12.95 per share. This price is used solely for calculating how many plan shares the cash dividend amount purchased under the company’s dividend reinvestment program.

What does the Form 4 transaction code J mean for MSC INCOME FUND (MSIF)?

Transaction code J indicates an “other” type of acquisition or disposition. In this case, the filing clarifies it as an exempt dividend reinvestment transaction under Rule 16a-11, where dividends were automatically reinvested into additional common shares.

Was the MSC INCOME FUND (MSIF) CEO’s share acquisition an open-market purchase?

No, the acquisition was not an open-market trade. The filing notes the 343.917 shares were acquired through a dividend reinvestment plan, meaning cash dividends were automatically converted into additional MSC INCOME FUND common shares under an established program.

Is the MSC INCOME FUND (MSIF) dividend reinvestment transaction exempt under Section 16 rules?

Yes. The footnote states the shares were acquired under a dividend reinvestment plan in a transaction exempt from Section 16 under Rule 16a-11. This exemption covers routine reinvestment of dividends into additional company shares.