MSC Income Fund adopts amended DRIP and bylaws in preparation for potential stock exchange listing

MSC INCOME FUND, INC.

Board approved new opt-out DRIP effective upon listing of common stock on a national exchange.
New DRIP automatically reinvests dividends for stockholders who have not opted out, using newly issued shares or open market purchases.
Bylaws amended: special meeting threshold raised from 10% to majority of votes; additional procedural requirements added.
Stockholder list inspection eliminated; max directors reduced from 15 to 10.
No assurance that a listing will occur; changes are contingent on listing.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.95

MSC INCOME FUND, INC.: Amended bylaws to increase special meeting threshold, add procedural requirements, eliminate stockholder list inspection requirement, and reduce max directors from 15 to 10, effective upon listing on a national securities exchange.

Change: bylaw amendment

Exact text from the filing

the Board has adopted the Second Amended and Restated Bylaws of the Company (the “Amended Bylaws”), which will become effective upon the date of Listing. The Amended Bylaws, among other things: • Increase the percentage of stockholders required in order to cause the Company to call a special meeting of stockholders from 10% of all votes entitled to be cast at such meeting to a majority of all votes entitled to be cast at such meeting; • Add Section 3(b) to the Amended Bylaws, which includes additional procedural and informational requirements relating to a stockholder request to call a special meetings of stockholders; • Eliminate the requirement that the Company make a stockholder list available for inspection at a meeting of stockholders; and • Reduce the maximum number of directors of the Company from 15 to 10.

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Source: SEC EDGAR

accession 0001535778-24-000225

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