Quarterly report [Sections 13 or 15(d)]

DIVIDENDS, DISTRIBUTIONS AND TAXABLE INCOME (Tables)

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DIVIDENDS, DISTRIBUTIONS AND TAXABLE INCOME (Tables)
 6 Months Ended
Jun. 30, 2025
Income Tax Disclosure [Abstract]  
Schedule of Dividends Payable
Summarized dividend information for the three and six months ended June 30, 2025 and 2024 is as follows:
Three Months Ended June 30, Six Months Ended June 30,
2025 2024 2025 2024
(in thousands, except per share amounts)
Regular quarterly dividends per share $ 0.35  $ 0.36  $ 0.70  $ 0.73 
Supplemental quarterly dividends per share 0.01  —  0.02  — 
Total dividends per share $ 0.36  $ 0.36  $ 0.72  $ 0.73 
Total regular quarterly dividends $ 16,502  $ 14,425  $ 32,900  $ 29,246 
Total supplemental quarterly dividends 472  —  940  — 
Total dividends
 $ 16,974  $ 14,425  $ 33,840  $ 29,246 
Schedule of Taxable Income and to Total Distributions Declared to Common Stock Reconciliation
Listed below is 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, 2025 and 2024.
Six Months Ended June 30,
2025 2024
(estimated, in thousands)
Net increase in net assets resulting from operations $ 32,164  $ 28,717 
Net unrealized appreciation (14,879) (5,093)
Income tax provision 522  3,717 
Pre-tax book income not consolidated for tax purposes (9,747) (7,543)
Book income and tax income differences, including debt origination, structuring fees, dividends, realized gains and changes in estimates 19,901  3,523 
Estimated taxable income (1) 27,961  23,321 
Taxable income earned in prior year and carried forward for distribution in current year 20,348  14,745 
Taxable income earned prior to period end and carried forward for distribution next period (31,443) (23,245)
Dividend payable as of period end and paid in the following period 16,974  14,425 
Total distributions accrued or paid to common stockholders $ 33,840  $ 29,246 
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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 net investment income related taxes were comprised of the following for the three and six months ended June 30, 2025 and 2024:
Three Months Ended June 30, Six Months Ended June 30,
2025 2024 2025 2024
(in thousands)
Net investment income taxes
Current tax expense:
Federal $ 65  $ 125  $ 118  $ 178 
State and other
 103  212  342  414 
Excise 87  4  279  80 
Total current tax expense 255  341  739  672 
Deferred tax expense (benefit):
Federal 894  574  1,242  745 
State and other
 (150) 31  59  88 
Total deferred tax expense 744  605  1,301  833 
Total net investment income tax provision $ 999  $ 946  $ 2,040  $ 1,505 
Investment valuation related taxes
Current tax expense:
Federal $ —  $ 205  $ —  $ 205 
Total current tax expense —  205  —  205 
Deferred tax expense (benefit):
Federal 549  1,513  (1,413) 1,997 
State and other 344  112  (105) 10 
Total deferred tax expense (benefit) 893  1,625  (1,518) 2,007 
Total investment valuation related income tax provision (benefit) $ 893  $ 1,830  $ (1,518) $ 2,212 
Total income tax provision $ 1,892  $ 2,776  $ 522  $ 3,717