v3.25.1
DIVIDENDS, DISTRIBUTIONS AND TAXABLE INCOME (Tables)
 3 Months Ended
Mar. 31, 2025
Income Tax Disclosure [Abstract]  
Summary of Dividends Payable
Summarized dividend information for the three months ended March 31, 2025 and 2024 is as follows:
Three Months Ended March 31,
20252024
(in thousands, except per share amounts)
Regular quarterly dividends per share$0.35 $0.37 
Supplemental quarterly dividends per share0.01 — 
Total dividends per share$0.36 $0.37 
Total regular quarterly dividends accrued$16,397 $14,821 
Total supplemental quarterly dividends accrued468 — 
Total dividends accrued$16,866 $14,821 
Schedule of Taxable Income and to Total Distributions Declared to Common Stock Reconciliation
Listed below is 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, 2025 and 2024.
Three Months Ended March 31,
20252024
(estimated, in thousands)
Net increase in net assets resulting from operations$15,875 $10,589 
Net unrealized (appreciation) depreciation(18,783)1,133 
Income tax provision (benefit)(1,370)940 
Pre-tax book (income) loss not consolidated for tax purposes275 (1,261)
Book income and tax income differences, including debt origination, structuring fees, dividends, realized gains and changes in estimates19,424 1,481 
Estimated taxable income (1)15,421 12,882 
Taxable income earned in prior year and carried forward for distribution in current year20,348 14,745 
Taxable income earned prior to period end and carried forward for distribution next period(35,769)(27,627)
Dividend payable as of period end and paid in the following period16,866 14,821 
Total distributions accrued or paid to common stockholders$16,866 $14,821 
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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, 2025 and 2024:
Three Months Ended March 31,
20252024
(dollars in thousands)
Current tax expense:
Federal$53 $53 
State238 200 
Excise192 76 
Total current tax expense483 329 
Deferred tax expense (benefit):
Federal(1,613)656 
State(240)(45)
Total deferred tax expense (benefit)(1,853)611 
Total income tax provision (benefit)$(1,370)$940