Quarterly report [Sections 13 or 15(d)]

RELATED PARTY TRANSACTIONS (Tables)

v3.25.3
RELATED PARTY TRANSACTIONS (Tables)
 9 Months Ended
Sep. 30, 2025
Related Party Transactions [Abstract]  
Schedule of Management And Incentive Fee
The following table provides a summary of MSC Income’s incurred base management fees, subordinated incentive fees on income and capital gains incentive fees 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)
Base management fees $ 4,860  $ 5,338  $ 14,739  $ 15,545 
Subordinated incentive fees on income (1)
 3,321  2,136  8,775  9,364 
Capital gains incentive fees —  —  —  — 
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(1)During the three months ended September 30, 2025, the Adviser irrevocably waived $0.2 million of the subordinated incentive fees on income, and such amount is not subject to future payment. The subordinated incentive fees on income incurred before the waiver by the Adviser was $3.5 million and $8.9 million for the three and nine months ended September 30, 2025, respectively.
The following table provides a summary of MSC Income’s incurred Internal Administrative Expenses (before and after waivers) 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)
Internal Administrative Expenses before waivers $ 173  $ 2,368  $ 519  $ 7,155 
Internal Administrative Expenses waived (1) —  (2,206) —  (6,678)
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(1)Waived Internal Administrative Services expenses are permanently waived and are not subject to future reimbursement.
Schedule of Annual Basis Point Rate MSC Income is not required to reimburse the Adviser for Internal Administrative Expenses in an amount that exceeds on a quarterly basis the product obtained by multiplying (x) the value of MSC Income’s total assets at the end of each calendar quarter by (y) the applicable “Annual Basis Point Rate” set forth in the below table:
Total Assets Annual Basis Point Rate
$0 - $500 million 6.000 
Over $500 million - $1.25 billion 5.125 
Greater than $1.25 billion 4.500 
Schedule of Sale of Common Stock to Main Street The following table summarizes Main Street’s purchases of shares of MSC Income’s common stock during the three months ended September 30, 2025, pursuant to the Main Street Share Purchase Plan.
Period Total number of shares purchased Average price paid per share (1) Total number of shares purchased as part of publicly announced plans or programs Approximate dollar value of shares that may yet be purchased under the plans or programs
(in thousands, except shares and per share amounts)
July 1 through July 31, 2025 — $ —  — $ 19,955 
August 1 through August 31, 2025 14,010 14.25  14,010 19,756 
September 1 through September 30, 2025 41,611 13.98  41,611 19,175 
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(1)Includes broker commissions.