Filed pursuant to Rule 497
File No. 333-204659
Supplement dated January 22, 2016
to
Prospectus dated January 5, 2016
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This supplement contains information which amends, supplements or modifies certain information contained in the Prospectus of HMS Income Fund, Inc. dated January 5, 2016 (as supplemented and amended from time to time, the “Prospectus”). This supplement is part of, and should be read in conjunction with, the Prospectus. The Prospectus has been filed with the Securities and Exchange Commission and is available at www.sec.gov or by calling (888) 446-3773. Capitalized terms used in this supplement have the same meanings as in the Prospectus, unless otherwise stated in this supplement.
You should carefully consider the “Risk Factors” beginning on page 30 of the Prospectus before you decide to invest.
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This supplement amends the Prospectus as follows:
SUITABILITY STANDARDS
This supplement replaces in its entirety the special suitability standard for New Mexico included on page (iii) of the Prospectus with the following:
New Mexico—In addition to the general suitability standards listed above, a New Mexico investor may not invest, and HMS Income Fund may not accept from an investor more than ten percent (10%) of that investors’ liquid net worth in shares of HMS Income Fund, its affiliates, and in other non-traded business development companies. Liquid net worth is defined as that portion of net worth which consists of cash, cash equivalents, and readily marketable securities.
SUBSCRIPTION PROCESS
This supplement replaces in its entirety the form of subscription agreement in Appendix A to the Prospectus.
