Quarterly report [Sections 13 or 15(d)]

DIVIDENDS, DISTRIBUTIONS AND TAXABLE INCOME (Tables)

v3.26.1
DIVIDENDS, DISTRIBUTIONS AND TAXABLE INCOME (Tables)
 3 Months Ended
Mar. 31, 2026
Income Tax Disclosure [Abstract]  
Schedule of Dividends Payable
A summary of dividends accrued during the three months ended March 31, 2026 and 2025 is as follows:
Three Months Ended March 31,
2026 2025
(in thousands, except per share amounts)
Regular dividends per share $ 0.35  $ 0.35 
Supplemental dividends per share 0.01  0.01 
Total dividends per share $ 0.36  $ 0.36 
Total regular dividends $ 15,871  $ 16,397 
Total supplemental dividends 453  469 
Total dividends
 $ 16,324  $ 16,866 
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 three months ended March 31, 2026 and 2025 is as follows:
Three Months Ended March 31,
2026 2025
(estimated, in thousands)
Net increase in net assets resulting from operations $ 13,223  $ 15,875 
Net unrealized (appreciation) depreciation 2,643  (18,783)
Income tax (benefit) provision 1,134  (1,370)
Pre-tax book (income) loss not consolidated for tax purposes (1,873) 275 
Book income and tax income differences, including debt origination, structuring fees, dividends, realized gains and changes in estimates (2,624) 19,424 
Estimated taxable income (1) 12,503  15,421 
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 (27,487) (35,769)
Dividend payable as of period end and paid in the following period 16,324  16,866 
Total distributions accrued or paid to common stockholders $ 16,324  $ 16,866 
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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 months ended March 31, 2026 and 2025:
Three Months Ended March 31,
2026 2025
(in thousands)
Net investment income taxes
Current tax expense:
Federal $ 164  $ 53 
State and other
 124  239 
Excise 50  192 
Total current tax expense 338  484 
Deferred tax expense (benefit):
Federal 1,349  348 
State and other
 (681) 210 
Total deferred tax expense 668  558 
Total net investment income tax provision $ 1,006  $ 1,042 
Investment valuation related taxes
Deferred tax expense (benefit):
Federal (90) (1,962)
State and other 218  (450)
Total deferred tax expense (benefit) 128  (2,412)
Total investment valuation related income tax provision (benefit) $ 128  $ (2,412)
Total income tax provision (benefit) $ 1,134  $ (1,370)