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MSC Income Fund (MSCF), Inc. has submitted its 10-Q filing for the quarterly period ended September 30, 2024.
The filing presents the company's financial statements, showing total assets of $1,227,282,000 as of September 30, 2024, compared to $1,139,900,000 as of December 31, 2023.
Total liabilities increased to $608,797,000 from $517,593,000, primarily due to higher credit facilities and accounts payable.
Net assets decreased to $618,485,000 from $622,307,000, reflecting a decrease in net asset value per share to $7.69 from $7.77.
The company reported net investment income of $14,182,000 for the quarter, slightly up from $14,122,000 in the previous year.
Total investment income was $33,477,000, compared to $32,351,000 for the same period last year.
Expenses, net of expense waivers, increased to $19,295,000 from $18,229,000.
Net increase in net assets resulting from operations was $7,371,000, down from $13,382,000 in the previous year.
Cash and cash equivalents rose to $48,926,000 from $30,786,000 at the beginning of the period.
The company made investments totaling $253,889,000 and received proceeds from sales and repayments of $169,961,000.
MSC Income Fund's portfolio investments at fair value were $1,162,627,000, up from $1,092,895,000 at the end of 2023.
The filing also details various financial agreements and the company's exposure to market risk.
MSC Income Fund does not anticipate cash dividend payments to common stockholders in the near future.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the MSC Income Fund quarterly 10-Q report dated November 14, 2024. To report an error, please email earnings@qz.com.