MSC Income Fund (MSIF) president boosts stake via dividend reinvestment

Rhea-AI Filing Summary

MSC INCOME FUND, INC. president and CIO David L. Magdol reported an automatic dividend reinvestment transaction. He acquired 275.133 shares of common stock at $12.95 per share through the company’s dividend reinvestment plan, bringing his directly held stake to 46,174.668 shares.

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^*

Magdol David 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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	PRESIDENT, CIO AND 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	275.133	A	$12.95	46,174.668	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.
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FAQ

What insider transaction did David L. Magdol report for MSC INCOME FUND (MSIF)?

David L. Magdol reported a small automatic transaction under a dividend reinvestment plan. He received 275.133 shares of MSC INCOME FUND common stock as dividends were reinvested, rather than taking the dividend in cash, in a transaction classified as “other.”

How many MSC INCOME FUND (MSIF) shares were involved in Magdol’s January 30, 2026 transaction?

The transaction covered 275.133 shares of MSC INCOME FUND common stock. These shares were acquired through the company’s dividend reinvestment plan, where cash dividends are automatically used to buy additional shares instead of being paid out directly to the shareholder.

What price per share applied to David L. Magdol’s MSC INCOME FUND dividend reinvestment?

The dividend reinvestment credited shares at $12.95 per share. This reflects the price used within the dividend reinvestment plan for converting Magdol’s cash dividend into additional MSC INCOME FUND common stock on the reported transaction date.

How many MSC INCOME FUND (MSIF) shares does Magdol hold after this Form 4 transaction?

Following the dividend reinvestment, David L. Magdol directly holds 46,174.668 shares of MSC INCOME FUND common stock. This figure represents his direct ownership position after the 275.133 additional shares were credited through the plan on January 30, 2026.

Was Magdol’s MSC INCOME FUND transaction an open-market buy or sell?

The transaction was not an open-market buy or sell. It is coded as an “other” transaction and described as shares acquired under a dividend reinvestment plan, which automatically reinvests dividends, and is exempt from Section 16 under Rule 16a-11.

What does the footnote in Magdol’s MSC INCOME FUND Form 4 explain?

The footnote explains that the reported shares were acquired under a dividend reinvestment plan. It clarifies this was a dividend reinvestment transaction that is exempt from Section 16 reporting rules under SEC Rule 16a-11, emphasizing its automatic, routine nature.