MSC Income Fund (MSIF) CFO boosts holdings through dividend reinvestment
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MSC Income Fund CFO and Treasurer Gilbert Cory reported a small routine change in his holdings through a dividend reinvestment plan. He acquired 110.3631 shares of common stock at $12.95 per share under a transaction classified as "other" and exempt from Section 16 under Rule 16a-11. Following this dividend reinvestment, he directly holds 4,562.4119 shares of MSC Income Fund common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Gilbert Cory
Role
CFO and Treasurer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 110.363 | $12.95 | $1K |
Holdings After Transaction:
Common Stock — 4,562.412 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did MSC INCOME FUND (MSIF) report for Gilbert Cory?
Gilbert Cory reported acquiring 110.3631 MSC Income Fund shares through a dividend reinvestment plan at $12.95 per share. The transaction is coded as “J” (other) and treated as exempt under Rule 16a-11, indicating a routine, non-discretionary reinvestment of dividends.
What does the transaction code “J” mean in the MSC INCOME FUND (MSIF) Form 4?
The “J” code indicates “other” acquisition or disposition rather than a standard open-market buy or sell. In this case, it represents shares acquired through a dividend reinvestment plan, which the filing notes is exempt from Section 16 under Rule 16a-11.
Was the MSC INCOME FUND (MSIF) insider transaction a market purchase or sale?
The transaction was not a typical market purchase or sale. The filing describes it as shares acquired under a dividend reinvestment plan, categorized as an “other” transaction and exempt under Rule 16a-11, indicating automatic reinvestment of dividends rather than discretionary trading.