MSC Income Fund (NYSE:MSIF) Announces Special Dividend of $0.03

MSC Income Fund (NYSE:MSIF) declared a special dividend on Wednesday, November 4th. Investors of record on Tuesday, March 16th will be given a dividend of $0.03 per share on Tuesday, March 23rd. The ex-dividend date of this dividend is Tuesday, March 16th.

MSC Income Fund Stock Down 0.5%

NYSE:MSIF traded down $0.07 on Thursday, hitting $12.28. The stock had a trading volume of 188,869 shares, compared to its average volume of 287,036. The business’s fifty day moving average is $12.10 and its 200 day moving average is $12.14. The company has a market cap of $578.75 million and a PE ratio of 5.74. MSC Income Fund has a 52 week low of $10.80 and a 52 week high of $14.46.

MSC Income Fund (NYSE:MSIF) last released its quarterly earnings data on Thursday, November 5th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.01).

Institutional Investors Weigh In On MSC Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Sanders Morris Harris LLC lifted its holdings in MSC Income Fund by 28.5% during the third quarter. Sanders Morris Harris LLC now owns 2,908,143 shares of the company’s stock worth $35,525,000 after acquiring an additional 644,717 shares during the period. North Ground Capital purchased a new position in MSC Income Fund in the second quarter worth $6,220,032. Van ECK Associates Corp boosted its position in MSC Income Fund by 35.8% in the second quarter. Van ECK Associates Corp now owns 915,670 shares of the company’s stock worth $10,594,000 after purchasing an additional 241,495 shares during the last quarter. Centaurus Financial Inc. purchased a new position in MSC Income Fund in the second quarter worth $2,433,000. Finally, BlackRock Inc. bought a new position in MSC Income Fund in the 2nd quarter valued at $2,023,000.

MSC Income Fund (NYSE: MSIF) is a business development company that invests in privately held, primarily U.S.-based businesses. The fund seeks to provide capital to lower middle-market companies that may have limited access to traditional financing sources.

Its investment activities generally include providing senior secured loans, subordinated debt and other forms of financing, along with selective equity investments. MSC Income Fund works with portfolio companies across a range of industries and may support acquisitions, recapitalizations, growth initiatives and other corporate financing needs.

The fund is externally managed by MSC Adviser I, LLC, an affiliate of Main Street Capital Corporation.