Quarterly report [Sections 13 or 15(d)]

DIVIDENDS, DISTRIBUTIONS AND TAXABLE INCOME (Tables)

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DIVIDENDS, DISTRIBUTIONS AND TAXABLE INCOME (Tables)
 9 Months Ended
Sep. 30, 2025
Income Tax Disclosure [Abstract]  
Schedule of Dividends Payable summary of dividends accrued during the three and nine months ended September 30, 2025 and 2024.
Three Months Ended September 30, Nine Months Ended September 30,
2025 2024 2025 2024
(in thousands, except per share amounts)
Regular quarterly dividends per share $ 0.35  $ 0.36  $ 1.05  $ 1.09 
Supplemental quarterly dividends per share 0.01  —  0.03  — 
Total dividends per share $ 0.36  $ 0.36  $ 1.08  $ 1.09 
Total regular quarterly dividends $ 16,544  $ 14,478  $ 49,444  $ 43,724 
Total supplemental quarterly dividends 472  —  1,412  — 
Total dividends
 $ 17,016  $ 14,478  $ 50,856  $ 43,724 
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 nine months ended September 30, 2025 and 2024.
Nine Months Ended September 30,
2025 2024
(estimated, in thousands)
Net increase in net assets resulting from operations $ 58,693  $ 36,089 
Net unrealized (appreciation) depreciation (35,886) 24,656 
Income tax provision 2,176  6,150 
Pre-tax book income not consolidated for tax purposes (11,924) (9,867)
Book income and tax income differences, including debt origination, structuring fees, dividends, realized gains and changes in estimates 27,980  (9,989)
Estimated taxable income (1) 41,039  47,039 
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 (27,547) (32,538)
Dividend payable as of period end and paid in the following period 17,016  14,478 
Total distributions accrued or paid to common stockholders $ 50,856  $ 43,724 
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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 nine months ended September 30, 2025 and 2024:
Three Months Ended September 30, Nine Months Ended September 30,
2025 2024 2025 2024
(in thousands)
Net investment income taxes
Current tax expense (benefit):
Federal $ (38) $ 761  $ 80  $ 940 
State and other
 108  396  449  810 
Excise (39) 491  240  570 
Total current tax expense 31  1,648  769  2,320 
Deferred tax expense (benefit):
Federal 474  (245) 1,716  500 
State and other
 (52) (137) 8  (49)
Total deferred tax expense (benefit) 422  (382) 1,724  451 
Total net investment income tax provision $ 453  $ 1,266  $ 2,493  $ 2,771 
Investment valuation related taxes
Current tax expense:
Federal $ —  $ —  $ —  $ 205 
Total current tax expense —  —  —  205 
Deferred tax expense (benefit):
Federal 1,051  898  (362) 2,895 
State and other 150  270  45  279 
Total deferred tax expense (benefit) 1,201  1,168  (317) 3,174 
Total investment valuation related income tax provision (benefit) $ 1,201  $ 1,168  $ (317) $ 3,379 
Total income tax provision $ 1,654  $ 2,434  $ 2,176  $ 6,150