MSC Income Fund, Inc. reported its financial results for the fourth quarter and full year ended December 31, 2024, on March 19, 2025. The company announced net investment income of $0.35 per share for the fourth quarter of 2024, a decrease from $0.37 per share in the comparable prior year period.
Total investment income for the fourth quarter of 2024 decreased by $1.3 million, or 4%, to $33.455 million compared to the same period in 2023. This decline was primarily due to a $0.7 million decrease in dividend income and a $0.5 million decrease in interest income, partially offset by higher average levels of income-producing investment portfolio debt investments.
Total expenses, net of waivers, decreased by $0.5 million, or 2.5%, to $19.2 million in the fourth quarter of 2024 from $19.7 million in the prior year quarter. This reduction was principally attributable to a $0.5 million decrease in incentive fees and a $0.3 million decrease in interest expense. The company's net asset value stood at $15.53 per share as of December 31, 2024, and non-accrual investments comprised 1.5% of the total investment portfolio at fair value and 5.6% at cost.
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