---
schema_version: "secwatch.filing_event.v1"
accession: "0001535778-26-000012"
form_type: "8-K"
ticker: "MSIF"
cik: "0001535778"
company_name: "MSC INCOME FUND, INC."
filed_at: "2026-01-20T23:59:59+00:00"
generated_at: "2026-05-16T09:32:24.971418+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# MSC Income Fund Q4 2025 prelim ANII $0.32-0.36; NAV rises to $15.81-15.89

## Summary
- Q4 2025 preliminary NII $0.26-0.30/share (incl. $0.06 capital gains incentive fee); ANII $0.32-0.36/share.
- NAV per share up 1.8-2.3% to $15.81-15.89 from $15.54 at Sept 30, on fair value gains and share repurchases.
- Estimated annualized ROE over 16% for Q4 and over 12% for full year 2025.
- Non-accrual investments: 1.0% at fair value and 3.9% at cost as of Dec 31, 2025.
- Net increase of $57.1m in private loan portfolio and $14.9m in LMM portfolio during Q4 2025.

## SEC filing metadata
- accession: 0001535778-26-000012
- form_type: 8-K
- ticker: MSIF
- cik: 0001535778
- company_name: MSC INCOME FUND, INC.
- filed_at: 2026-01-20T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1535778/000153577826000012/0001535778-26-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1535778/000153577826000012/msif-20260120.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001535778-26-000012
- JSON: https://secwatch.observer/filing/0001535778-26-000012.json
- Plain text: https://secwatch.observer/filing/0001535778-26-000012.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.