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

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Gilbert Cory, the CFO and Treasurer of MSC Income Fund, Inc. (MSIF), reported a non-derivative purchase under a dividend reinvestment plan on 08/01/2025. The filing shows acquisition of 46.4499 shares at a reported price of $15.07 per share, executed under an exempt dividend reinvestment transaction pursuant to Rule 16a-11. After the transaction the reporting person beneficially owned 2,046.4499 shares. The form was signed by an attorney-in-fact on 08/18/2025. The filing contains no derivative transactions and provides the transaction explanation as a dividend reinvestment.

Gilbert Cory, CFO e tesoriere di MSC Income Fund, Inc. (MSIF), ha segnalato un acquisto non derivato nell'ambito di un piano di reinvestimento dei dividendi il 01/08/2025. La comunicazione indica l'acquisizione di 46,4499 azioni a un prezzo riportato di $15,07 per azione, eseguita nell'ambito di una transazione esentata di reinvestimento dei dividendi ai sensi della Regola 16a-11. Dopo l'operazione la persona segnalante deteneva in via beneficiaria 2.046,4499 azioni. Il modulo è stato firmato da un procuratore il 18/08/2025. La dichiarazione non contiene operazioni su derivati e indica come spiegazione della transazione il reinvestimento dei dividendi.

Gilbert Cory, director financiero y tesorero de MSC Income Fund, Inc. (MSIF), informó una compra no derivada bajo un plan de reinversión de dividendos el 01/08/2025. El informe muestra la adquisición de 46,4499 acciones a un precio declarado de $15,07 por acción, ejecutada como una transacción exenta de reinversión de dividendos conforme a la Regla 16a-11. Tras la operación, la persona informante poseía beneficiariamente 2.046,4499 acciones. El formulario fue firmado por un apoderado el 18/08/2025. El informe no contiene transacciones sobre derivados y describe la operación como un reinversión de dividendos.

Gilbert Cory, MSC Income Fund, Inc. (MSIF)의 CFO 겸 재무담당자는 2025-08-01에 배당금 재투자 계획에 따른 비파생상품 매수를 신고했습니다. 신고서에는 주당 보고가격 $15.0746.4499주를 취득한 것으로 기재되어 있으며, 이는 규칙 16a-11에 따른 면제되는 배당 재투자 거래로 실행되었습니다. 거래 후 해당 보고인은 2,046.4499주를 실질적으로 보유하게 되었습니다. 양식은 2025-08-18에 대리인이 서명했습니다. 신고서에는 파생상품 거래가 없으며 거래 설명은 배당금 재투자라고 기재되어 있습니다.

Gilbert Cory, directeur financier et trésorier de MSC Income Fund, Inc. (MSIF), a déclaré un achat non dérivé dans le cadre d'un plan de réinvestissement des dividendes le 01/08/2025. Le dépôt indique l'acquisition de 46,4499 actions au prix déclaré de 15,07 $ par action, exécutée en tant que transaction de réinvestissement des dividendes exonérée conformément à la règle 16a-11. Après la transaction, la personne déclarant détenait de manière bénéficiaire 2 046,4499 actions. Le formulaire a été signé par un mandataire le 18/08/2025. Le dépôt ne contient aucune transaction sur dérivés et indique comme explication de la transaction le réinvestissement des dividendes.

Gilbert Cory, CFO und Schatzmeister von MSC Income Fund, Inc. (MSIF), meldete am 01.08.2025 einen nicht-derivativen Kauf im Rahmen eines Dividenden-Reinvestitionsplans. Die Meldung weist den Erwerb von 46,4499 Aktien zu einem gemeldeten Preis von $15,07 je Aktie aus, ausgeführt als eine von der Regel 16a-11 ausgenommene Dividenden-Reinvestitions-Transaktion. Nach der Transaktion hielt die meldende Person wirtschaftlich 2.046,4499 Aktien. Das Formular wurde am 18.08.2025 von einem Bevollmächtigten unterzeichnet. Die Meldung enthält keine Derivatgeschäfte und gibt als Transaktionsgrund die Reinvestition von Dividenden an.

Positive
  • Acquisition made under a dividend reinvestment plan, showing participation in the company's dividend program
  • Transaction exempt under Rule 16a-11, indicating an administrative reinvestment rather than discretionary open-market trading
  • Beneficial ownership after transaction disclosed: 2,046.4499 shares, ensuring transparency
Negative
  • None.

Insights

TL;DR: Small, routine insider share accrual via DRIP; immaterial to company valuation but confirms participation in dividend policy.

The reported transaction is a modest acquisition of 46.4499 shares at $15.07 per share via a dividend reinvestment plan, exempt under Rule 16a-11. Such purchases are typically administrative and indicate the officer elected to reinvest dividends rather than receive cash. There are no option exercises, dispositions, or material changes to ownership concentration reported. For investors this is a routine insider activity and does not by itself change MSIF's capital structure.

TL;DR: Routine disclosure demonstrates compliance with Section 16 reporting; no governance red flags present.

The Form 4 identifies the reporting person as an officer (CFO and Treasurer) and discloses a dividend reinvestment acquisition that is specifically noted as exempt under Rule 16a-11. The filing was executed by an attorney-in-fact and includes the required explanatory statement. There are no indications of late reporting, related-party transactions, or material ownership shifts that would raise governance concerns based on the disclosed content.

Gilbert Cory, CFO e tesoriere di MSC Income Fund, Inc. (MSIF), ha segnalato un acquisto non derivato nell'ambito di un piano di reinvestimento dei dividendi il 01/08/2025. La comunicazione indica l'acquisizione di 46,4499 azioni a un prezzo riportato di $15,07 per azione, eseguita nell'ambito di una transazione esentata di reinvestimento dei dividendi ai sensi della Regola 16a-11. Dopo l'operazione la persona segnalante deteneva in via beneficiaria 2.046,4499 azioni. Il modulo è stato firmato da un procuratore il 18/08/2025. La dichiarazione non contiene operazioni su derivati e indica come spiegazione della transazione il reinvestimento dei dividendi.

Gilbert Cory, director financiero y tesorero de MSC Income Fund, Inc. (MSIF), informó una compra no derivada bajo un plan de reinversión de dividendos el 01/08/2025. El informe muestra la adquisición de 46,4499 acciones a un precio declarado de $15,07 por acción, ejecutada como una transacción exenta de reinversión de dividendos conforme a la Regla 16a-11. Tras la operación, la persona informante poseía beneficiariamente 2.046,4499 acciones. El formulario fue firmado por un apoderado el 18/08/2025. El informe no contiene transacciones sobre derivados y describe la operación como un reinversión de dividendos.

Gilbert Cory, MSC Income Fund, Inc. (MSIF)의 CFO 겸 재무담당자는 2025-08-01에 배당금 재투자 계획에 따른 비파생상품 매수를 신고했습니다. 신고서에는 주당 보고가격 $15.0746.4499주를 취득한 것으로 기재되어 있으며, 이는 규칙 16a-11에 따른 면제되는 배당 재투자 거래로 실행되었습니다. 거래 후 해당 보고인은 2,046.4499주를 실질적으로 보유하게 되었습니다. 양식은 2025-08-18에 대리인이 서명했습니다. 신고서에는 파생상품 거래가 없으며 거래 설명은 배당금 재투자라고 기재되어 있습니다.

Gilbert Cory, directeur financier et trésorier de MSC Income Fund, Inc. (MSIF), a déclaré un achat non dérivé dans le cadre d'un plan de réinvestissement des dividendes le 01/08/2025. Le dépôt indique l'acquisition de 46,4499 actions au prix déclaré de 15,07 $ par action, exécutée en tant que transaction de réinvestissement des dividendes exonérée conformément à la règle 16a-11. Après la transaction, la personne déclarant détenait de manière bénéficiaire 2 046,4499 actions. Le formulaire a été signé par un mandataire le 18/08/2025. Le dépôt ne contient aucune transaction sur dérivés et indique comme explication de la transaction le réinvestissement des dividendes.

Gilbert Cory, CFO und Schatzmeister von MSC Income Fund, Inc. (MSIF), meldete am 01.08.2025 einen nicht-derivativen Kauf im Rahmen eines Dividenden-Reinvestitionsplans. Die Meldung weist den Erwerb von 46,4499 Aktien zu einem gemeldeten Preis von $15,07 je Aktie aus, ausgeführt als eine von der Regel 16a-11 ausgenommene Dividenden-Reinvestitions-Transaktion. Nach der Transaktion hielt die meldende Person wirtschaftlich 2.046,4499 Aktien. Das Formular wurde am 18.08.2025 von einem Bevollmächtigten unterzeichnet. Die Meldung enthält keine Derivatgeschäfte und gibt als Transaktionsgrund die Reinvestition von Dividenden an.

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*
Gilbert Cory

(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)
Director 10% Owner
X Officer (give title below) Other (specify below)
CFO and Treasurer
3. Date of Earliest Transaction (Month/Day/Year)
08/01/2025
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 08/01/2025 J(1) V 46.4499 A $15.07 2,046.4499 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 08/18/2025
** 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

What transaction did MSIF insider Gilbert Cory report on Form 4?

The filing reports acquisition of 46.4499 shares via a dividend reinvestment plan on 08/01/2025.

At what price were the MSIF shares acquired by the reporting person?

The reported price for the acquisition was $15.07 per share.

How many MSIF shares did Gilbert Cory beneficially own after the transaction?

Following the reported transaction the reporting person beneficially owned 2,046.4499 shares.

Was the Form 4 transaction for MSIF a derivative or non-derivative security?

The filing discloses a non-derivative security acquisition; no derivative transactions are reported.

Why was this MSIF dividend reinvestment transaction exempt from Section 16 reporting?

The filing states the shares were acquired under a dividend reinvestment transaction exempt from Section 16 under Rule 16a-11.
MSC INCOME FUND INC

NYSE:MSIF

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671.40M
47.44M
0.41%
6.44%
0.22%
Asset Management
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United States
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