Annual report pursuant to Section 13 and 15(d)

DIVIDEND REINVESTMENT PLAN

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DIVIDEND REINVESTMENT PLAN
 12 Months Ended
Dec. 31, 2023
Equity [Abstract]  
DIVIDEND REINVESTMENT PLAN DIVIDEND REINVESTMENT PLAN
MSC Income Fund’s dividend reinvestment plan (the “DRIP”) provides for the reinvestment of dividends on behalf of stockholders. As a result, if MSC Income Fund declares a cash dividend, stockholders who have “opted in” to the DRIP will have their cash dividend automatically reinvested into additional shares of MSC Income Fund common stock. The number of shares of common stock to be issued to a stockholder under the DRIP shall be determined by dividing the total dollar amount of the distribution payable to such stockholder by a price per share of common stock determined by MSC Income Fund’s Board of Directors or a committee thereof, in its sole discretion, that is (i) not less than the NAV per share of common stock determined in good faith by the Board of Directors or a committee thereof, in its sole discretion, within 48 hours prior to the payment of the distribution and (ii) not more than 2.5% greater than the NAV per share as of such date.
Summarized DRIP information for the years ended December 31, 2023, 2022 and 2021 is as follows:
Year Ended December 31,
2023 2022 2021
(dollars in thousands)
DRIP participation $ 18,417  $ 17,750  $ 11,160 
Shares issued for DRIP 2,345,246  2,259,611  1,461,776