other material
confidence high
sentiment positive
materiality 0.80
MSC Income Fund closes 6.325M-share public offering at $15.53, lists on NYSE
MSC INCOME FUND, INC.
- Closed public offering of 6,325,000 shares (incl. overallotment) at $15.53/share; net proceeds ~$91M.
- Shares began trading on NYSE on Jan 29, 2025 under ticker MSIF.
- Net proceeds to repay credit facility debt, then re-borrow for investments and general corporate purposes.
- New investment advisory agreement reduces base management fee from 1.75% to 1.5% of avg total assets.
- Board approved modified asset coverage requirement reduction from 200% to 150%, effective Jan 29, 2026.