MSC INCOME FUND, INC. MSIF
MSC Income Fund, Inc. ("MSIF" or, together with its consolidated subsidiaries, "MSC Income" or the "Fund") is a principal investment firm primarily focused on providing debt capital to private ("Private Loan") companies owned by or in the process of being acquired by a private equity fund (its "Private Loan investment strategy"). MSC Income's portfolio investments are typically made to support leveraged buyouts, recapitalizations, growth financings, refinancings and acquisitions of companies that operate in diverse industry sectors. The Fund seeks to partner with private equity fund sponsors in its Private Loan investment strategy and primarily invests in secured debt investments of Private Loan companies generally headquartered in the U.S.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| SG&A | $4.3M | $4.4M | $4.3M | $3.9M | $4.4M | — | — | — | — | — |
| Interest expense | — | — | $36.5M | $24.4M | $14.5M | — | — | — | — | — |
| Pre-tax income | — | $56.6M | $66.2M | $47.2M | $75.5M | — | — | — | — | — |
| Income tax | — | $0 | $0 | $1.6M | $1.9M | — | — | — | — | — |
| Net income | $88.7M | $56.6M | $66.2M | $45.6M | $73.6M | — | — | — | — | — |
| EPS, basic | 1.33 | 1.34 | 1.38 | 1.32 | 0.67 | — | — | — | — | — |
| EPS, diluted | 1.33 | 1.34 | 1.38 | 1.32 | 0.67 | — | — | — | — | — |
| Shares, diluted (wtd. avg.) | $46.5M | $40.2M | $40.1M | $40.0M | $79.9M | — | — | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $20.6M | $28.4M | $30.8M | $21.3M | $25.8M | $49.1M | — | — | — | — |
| Total assets | $1.38B | $1.22B | $1.14B | $1.11B | — | — | — | — | — | — |
| Long-term debt | $602.8M | $565.1M | $484.8M | $470.5M | — | — | — | — | — | — |
| Total liabilities | $642.4M | $599.8M | $517.6M | $497.5M | — | — | — | — | — | — |
| Retained earnings | -$43.4M | -$64.7M | -$63.9M | -$74.6M | — | — | — | — | — | — |
| Total equity | $738.7M | $624.9M | $622.3M | $609.7M | $613.2M | $579.6M | $609.3M | $625.4M | $647.8M | $597.8M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$70.3M | -$28.1M | $50.2M | $76.7M | -$191.1M | — | — | — | — | — |
| Financing cash flow | $62.6M | $25.7M | -$40.8M | -$81.2M | $167.9M | — | — | — | — | — |
| Dividends paid | $67.6M | $58.2M | $56.1M | $51.6M | — | — | — | — | — | — |
| Buybacks | $11.6M | $20.7M | $24.4M | $16.0M | $10.1M | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001535778-26-000026.