MSC Income Fund Celebrates New Dual Listing on NYSE Texas

MSC Income Fund Dual Listing Announcement
MSC Income Fund, Inc. (NYSE: MSIF) is thrilled to announce an important development: the dual listing of its common stock on the newly launched NYSE Texas, Inc., a fully electronic equities exchange. This listing emphasizes the Fund's commitment to investment opportunities and strategic growth, showcasing its dedication to the financial market.
Significance of the Dual Listing
Dwayne L. Hyzak, the Fund's Chief Executive Officer, expressed pride in this achievement. As a Texas-based investment firm, this dual listing underlines MSC Income Fund's strong ties to the state and the broader U.S. economy. He remarked that this milestone reflects their ongoing mission to create long-term value for shareholders while supporting local businesses and driving economic growth.
Additionally, NYSE Group's Chief Development Officer, Chris Taylor, acknowledges the importance of MSC Income as a Founding Member at NYSE Texas. He conveyed his excitement, highlighting that MSC Income Fund's innovative approach fits perfectly within the community of pioneering companies.
Continued Commitment to Shareholders
Maintaining its primary listing on the New York Stock Exchange, MSC Income Fund will continue to trade under the ticker symbol "MSIF" on both exchanges. This dual presence not only expands its reach but also provides enhanced opportunities for investors.
Overview of MSC Income Fund's Operations
The MSC Income Fund primarily focuses on providing debt capital to private companies, particularly those owned or being acquired by private equity funds. This strategy includes facilitating leveraged buyouts, recapitalizations, and growth financings across various industry sectors. The Fund prides itself on securing investments to create partnerships with private equity sponsors, ensuring robust financial backing for the companies within its portfolio.
Typically, MSC Income Fund invests in secured debt and maintains a customized approach to financing. Its portfolio emphasizes long-term investments in lower middle-market companies, which tend to have annual revenues ranging from $10 million to $500 million. This strategic positioning enables the Fund to support entrepreneurs and business management teams in achieving their financial objectives.
Understanding MSC Adviser I, LLC
MSC Adviser I, LLC (MSCA) operates as a wholly-owned subsidiary of Main Street and serves as the Fund's investment adviser. Registered under the Investment Advisers Act of 1940, MSCA plays a crucial role in managing the Fund’s assets and delivering high-quality advisory services to its clients.
Contacts for Further Information
For inquiries regarding the MSC Income Fund, interested parties can reach out to:
Dwayne L. Hyzak, CEO
Cory E. Gilbert, CFO
Phone: 713-350-6000
Frequently Asked Questions
What is the purpose of MSC Income Fund's dual listing?
The dual listing on NYSE Texas enhances MSC Income Fund's market presence and supports its commitment to long-term shareholder value while boosting economic growth.
Who is leading MSC Income Fund?
Dwayne L. Hyzak is the current Chief Executive Officer of MSC Income Fund, guiding the company in its strategic operations.
What is the investment strategy of MSC Income Fund?
MSC Income Fund primarily provides debt capital to private companies and focuses on supporting leveraged buyouts and growth financings in diverse sectors.
How does MSC Adviser I, LLC relate to the Fund?
MSC Adviser I, LLC is a wholly-owned subsidiary of Main Street that acts as the investment adviser for MSC Income Fund, managing its operations and investment strategies.
What are the financial goals of MSC Income Fund?
The Fund aims to deliver long-term value for its shareholders by partnering with private equity funds and investing in lower middle-market companies.
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