DIVIDENDS, DISTRIBUTIONS AND TAXABLE INCOME (Tables)
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9 Months Ended |
Sep. 30, 2026 |
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| Income Tax Disclosure [Abstract] |
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| Schedule of Dividends Payable |
A summary of dividends paid during the three and nine months ended September 30, 2026 and 2025 is as follows:
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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(in thousands, except per share amounts) |
| Regular dividends per share |
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$ |
0.33 |
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$ |
0.35 |
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$ |
1.03 |
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$ |
1.06 |
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| Supplemental dividends per share |
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0.03 |
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0.01 |
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0.05 |
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0.02 |
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| Total dividends per share |
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$ |
0.36 |
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$ |
0.36 |
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$ |
1.08 |
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$ |
1.08 |
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| Total regular dividends |
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$ |
14,964 |
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$ |
16,502 |
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$ |
47,141 |
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$ |
47,386 |
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| Total supplemental dividends |
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1,360 |
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472 |
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2,279 |
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940 |
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Total dividends |
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$ |
16,324 |
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$ |
16,974 |
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$ |
49,420 |
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$ |
48,326 |
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| 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 nine months ended September 30, 2026 and 2025 is as follows:
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Nine Months Ended September 30, |
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2026 |
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2025 |
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(estimated, in thousands) |
| Net increase in net assets resulting from operations |
$ |
60,641 |
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$ |
58,693 |
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| Net unrealized appreciation |
(15,505) |
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(35,886) |
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| Income tax provision |
6,647 |
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2,176 |
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| Pre-tax book income not consolidated for tax purposes |
(3,198) |
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(11,924) |
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| Book income and tax income differences, including debt origination, structuring fees, dividends, realized gains and changes in estimates |
(5,228) |
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27,980 |
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| Estimated taxable income (1) |
43,357 |
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41,039 |
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| Taxable income earned in prior year and carried forward for distribution in current year |
14,984 |
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20,348 |
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| Taxable income earned prior to period end and carried forward for distribution next period |
(25,693) |
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(27,547) |
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| Dividend payable as of period end and paid in the following period |
— |
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17,016 |
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| Total distributions accrued or paid to common stockholders |
$ |
32,648 |
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$ |
50,856 |
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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.
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| Schedule of Provision for Income Taxes |
MSC Income’s provision for income taxes was comprised of the following for the three and nine months ended September 30, 2026 and 2025:
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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(in thousands) |
| Net investment income taxes |
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| Current tax expense (benefit): |
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| Federal |
$ |
(70) |
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$ |
(38) |
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$ |
(1,340) |
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$ |
80 |
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State and other |
(2) |
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108 |
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288 |
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449 |
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| Excise |
159 |
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(39) |
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448 |
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240 |
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| Total current tax expense (benefit) |
87 |
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31 |
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(604) |
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769 |
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| Deferred tax expense (benefit): |
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| Federal |
826 |
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474 |
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4,467 |
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1,716 |
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State and other |
148 |
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(52) |
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(421) |
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8 |
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| Total deferred tax expense |
974 |
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422 |
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4,046 |
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1,724 |
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| Total net investment income tax provision |
$ |
1,061 |
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$ |
453 |
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$ |
3,442 |
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$ |
2,493 |
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| Investment valuation related taxes |
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| Deferred tax expense (benefit): |
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| Federal |
1,129 |
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1,051 |
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2,308 |
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(362) |
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| State and other |
260 |
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150 |
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897 |
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45 |
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| Total deferred tax expense (benefit) |
1,389 |
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1,201 |
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3,205 |
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(317) |
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| Total investment valuation related income tax provision (benefit) |
$ |
1,389 |
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$ |
1,201 |
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$ |
3,205 |
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$ |
(317) |
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| Total income tax provision |
$ |
2,450 |
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$ |
1,654 |
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$ |
6,647 |
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$ |
2,176 |
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