MSC Income Fund Focuses on Potential Exchange Listing Benefits

MSC Income Fund Pursues Listing for Enhanced Shareholder Returns

MSC Income Fund, Inc. (the "Company") is excited to announce its recent filing of a Definitive Proxy Statement with the U.S. Securities and Exchange Commission (SEC) regarding its upcoming Special Meeting of Shareholders. This meeting, dedicated to discussing significant proposals aimed at facilitating the Company's listing of shares on a national securities exchange such as the New York Stock Exchange or NASDAQ, symbolizes an important step forward for the company.

Implications of the Special Proxy Statement

The Definitive Special Proxy Statement highlights several key initiatives that the company believes will pave the way for a successful listing. Dwayne L. Hyzak, the Chief Executive Officer, emphasized that these initiatives reflect the Company's commitment to creating a better future for all stakeholders. He encourages shareholders to participate in the voting process, whether they possess a small or large number of shares, as every vote counts toward the Fund's future direction.

Significant Strategies for Future Growth

Mr. Hyzak elaborated on the anticipation surrounding the transition to a private loan investment strategy. This pivotal change aims to enhance the Company's investment portfolio while promising an attractive recurring dividend and strong total shareholder returns. This strategic move is designed to create long-term value, especially for shareholders seeking liquidity options in their investments.

The company is optimistic as it outlines the potential benefits associated with a listing. These include increased access to capital through public markets and the ability to attract new investors, significantly boosting the Company's growth prospects.

Benefits of a National Listing

A potential listing presents numerous advantages for MSC Income Fund and its shareholders. Among these advantages are the expected growth through access to more capital, enabling the company to optimize its investment strategy solely on private loans. This transition serves dual purposes: it assists in achieving steady growth and supports the delivery of stable returns to shareholders.

Plans for Optimizing Investment Management

With a listing, the Company plans to amend its existing investment advisory agreement to better align with its new investment focus. This adjustment, approved by the board, is contingent upon shareholder approval, reinforcing the collaborative nature of such significant changes.

Moreover, the prospect of reducing the minimum asset coverage ratio from 200% to 150% could yield more favorable leverage dynamics, further enhancing shareholder returns. Such adjustments can enable the Company to strategically navigate market fluctuations while maximizing investment opportunities.

A Bright Future Ahead

The Definitive Special Proxy Statement is not just a procedural document; it signifies a critical turning point for MSC Income Fund as it seeks to capture the advantages of operating on a larger scale. The anticipated listing not only aims to increase stock attractiveness and shareholder value but also intends to provide a more robust framework for investment strategies.

As MSC Income Fund prepares for its Special Meeting of Shareholders, the outlook remains optimistic. There is a clear intent to move forward, ensuring that the Fund's transformation aligns with the interests of its shareholders. The prospect of a national securities exchange listing is viewed as a cornerstone for future developments, poised to deliver long-lasting benefits.

Frequently Asked Questions

What is the purpose of the Definitive Proxy Statement?

The Definitive Proxy Statement outlines proposals aimed at securing a listing of MSC Income Fund shares on a national exchange.

When is the Special Meeting of Shareholders?

The Special Meeting is scheduled to take place shortly, allowing shareholders to vote on critical proposals.

What are the anticipated benefits of a national listing?

A national listing is expected to enhance access to capital, provide liquidity options, and improve overall shareholder returns.

How is MSC Income Fund transitioning its investment strategy?

The Company is shifting focus entirely to its private loan investment strategy to optimize growth opportunities.

What is the significance of amending the investment advisory agreement?

Amending the advisory agreement is vital for aligning management structures with the new investment strategy to improve performance and shareholder value.

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