Quarterly report [Sections 13 or 15(d)]

DIVIDENDS, DISTRIBUTIONS AND TAXABLE INCOME (Tables)

v3.26.1
DIVIDENDS, DISTRIBUTIONS AND TAXABLE INCOME (Tables)
 6 Months Ended
Jun. 30, 2026
Income Tax Disclosure [Abstract]  
Schedule of Dividends Payable
A summary of dividends paid during the three and six months ended June 30, 2026 and 2025 is as follows:
Three Months Ended June 30, Six Months Ended June 30,
2026 2025 2026 2025
(in thousands, except per share amounts)
Regular dividends per share $ 0.35  $ 0.35  $ 0.70  $ 0.71 
Supplemental dividends per share 0.01  0.01  0.02  0.01 
Total dividends per share $ 0.36  $ 0.36  $ 0.72  $ 0.72 
Total regular dividends $ 15,871  $ 16,397  $ 32,177  $ 30,883 
Total supplemental dividends 453  469  919  469 
Total dividends
 $ 16,324  $ 16,866  $ 33,096  $ 31,352 
Schedule of Taxable Income and to Total Distributions Declared to Common Stock Reconciliation
A reconciliation of “Net increase in net assets resulting from operations” to taxable income and to total distributions declared to common stockholders for the six months ended June 30, 2026 and 2025 is as follows:
Six Months Ended June 30,
2026 2025
(estimated, in thousands)
Net increase in net assets resulting from operations $ 42,495  $ 32,164 
Net unrealized appreciation (6,461) (14,879)
Income tax provision 4,197  522 
Pre-tax book income not consolidated for tax purposes (5,429) (9,747)
Book income and tax income differences, including debt origination, structuring fees, dividends, realized gains and changes in estimates (4,801) 19,901 
Estimated taxable income (1) 30,001  27,961 
Taxable income earned in prior year and carried forward for distribution in current year 14,984  20,348 
Taxable income earned prior to period end and carried forward for distribution next period (28,661) (31,443)
Dividend payable as of period end and paid in the following period —  16,974 
Total distributions accrued or paid to common stockholders $ 16,324  $ 33,840 
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(1)MSIF’s taxable income for each period is an estimate and will not be finally determined until MSIF files its tax return for each year. Therefore, the final taxable income, and the taxable income earned in each period and carried forward for distribution in the following period, may be different than this estimate.
Schedule of Provision for Income Taxes MSC Income’s provision for income taxes was comprised of the following for the three and six months ended June 30, 2026 and 2025:
Three Months Ended June 30, Six Months Ended June 30,
2026 2025 2026 2025
(in thousands)
Net investment income taxes
Current tax expense (benefit):
Federal $ (1,434) $ 65  $ (1,270) $ 118 
State and other
 166  103  290  342 
Excise 239  87  289  279 
Total current tax expense (benefit) (1,029) 255  (691) 739 
Deferred tax expense (benefit):
Federal 2,292  894  3,641  1,242 
State and other
 112  (150) (569) 59 
Total deferred tax expense 2,404  744  3,072  1,301 
Total net investment income tax provision $ 1,375  $ 999  $ 2,381  $ 2,040 
Investment valuation related taxes
Deferred tax expense (benefit):
Federal 1,269  549  1,179  (1,413)
State and other 419  344  637  (105)
Total deferred tax expense (benefit) 1,688  893  1,816  (1,518)
Total investment valuation related income tax provision (benefit) $ 1,688  $ 893  $ 1,816  $ (1,518)
Total income tax provision $ 3,063  $ 1,892  $ 4,197  $ 522