Main Street Sees Q4 NAV per Share Rise to $33.29-$33.37
Sees Q4 NAV per share $33.29-$33.37, an increase of 51c-59c per share, or 1.5% to 1.8%, from the NAV per share of $32.78 as of September 30, 2025, with this increase after the impact of the supplemental dividend paid in December 2025 of 30c per share. CEO Dwayne Hyzak stated, "We are extremely pleased with our continued strong performance in Q4, which closed another great year for Main Street across our key financial metrics, including several new quarterly and annual records. Our preliminary operating results highlight that our Q4 performance resulted in another quarter of strong operating results, including favorable distributable net investment income per share and a new record for net asset value per share for the fourteenth consecutive quarter, primarily driven by a significant net fair value increase and including the benefits of material net realized gains in both our lower middle market and private loan investment portfolios. We also produced extremely strong fourth quarter investment activity in our unique lower middle market investment strategy, resulting in an annual record for gross investments of approximately $700M in 2025. Our Q4 results continued our positive performance over the last few years and resulted in an estimated return on equity of over 17% for the quarter and for the full year. We look forward to sharing the full details of our Q4 and full year 2025 results in late February."
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MSC Income Fund Announces 2025 Dividend Tax Treatment and Preliminary Q4 Earnings Estimates
- Strong Performance: MSC Income's preliminary operating results for Q4 2025 indicate an estimated adjusted net investment income (ANII) of $0.32 to $0.36 per share, reflecting robust portfolio performance and significant net asset value growth, with an expected return on equity exceeding 16%.
- Dividend Tax Treatment: The total dividend for 2025 is projected at $1.44 per share, with approximately 81% taxed as ordinary income, 18% as qualified dividends, and 1% as long-term capital gains, highlighting the company's focus on tax optimization and enhancing investor appeal.
- Portfolio Growth: As of December 31, 2025, MSC Income estimates its net asset value (NAV) per share to be between $15.81 and $15.89, representing a 1.8% to 2.3% increase from $15.54 as of September 30, 2025, primarily driven by fair value increases in private loan and lower middle market investment portfolios.
- Earnings Release Schedule: MSC Income plans to release its Q4 and full-year 2025 results on February 26, 2026, followed by a conference call on February 27, 2026, to provide further financial details, enhancing transparency and investor confidence.
MSC Income Fund Announces Q4 2025 Earnings and Federal Tax Treatment of Dividends
- Strong Q4 Performance: MSC Income estimates its Q4 2025 net investment income (NII) to be between $0.26 and $0.30 per share, reflecting robust portfolio performance and an over 16% return on equity, indicating significant gains in its private loan and lower middle market investment portfolios.
- NAV Increase: As of December 31, 2025, MSC Income's estimated net asset value (NAV) per share is projected to be between $15.81 and $15.89, representing a 1.8% to 2.3% increase from $15.54 on September 30, 2025, primarily driven by fair value increases in its investment portfolio and the positive impact of stock repurchases.
- Dividend Tax Treatment: MSC Income announced a total dividend of $1.44 per share for 2025, with approximately 81% taxed as ordinary income, 18% as qualified dividends, and 1% as long-term capital gains, demonstrating the company's transparency and compliance in tax planning.
- Earnings Release Schedule: MSC Income plans to release its Q4 and full-year 2025 results on February 26, 2026, followed by a conference call on February 27, which is expected to attract investor interest regarding its financial performance and future outlook.
