v3.25.1
Related Party Disclosures (Tables)
 3 Months Ended
Mar. 31, 2025
Related Party Transactions [Abstract]  
Schedule of Management And Incentive Fee
The following table provides a summary of MSC Income’s incurred base management fees, subordinated incentive fees and capital gains incentive fees for the three months ended March 31, 2025 and 2024.
Three Months Ended March 31,
20252024
(in thousands)
Base management fees$4,972 $5,028 
Subordinated incentive fees
2,023 3,637 
Capital gains incentive fees— — 
The following table provides a summary of MSC Income’s incurred Internal Administrative Expenses (before and after waivers) for the three months ended March 31, 2025 and 2024.
Three Months Ended March 31,
20252024
(in thousands)
Internal Administrative Expenses before waivers$174 $2,267 
Internal Administrative Expenses waived (1)— (2,111)
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(1)Waived Internal Administrative Services expenses are permanently waived and are not subject to future reimbursement.
Schedule of Annual Basis Point Rate MSC Income is not required to reimburse the Adviser for Internal Administrative Expenses in an amount that exceeds on a quarterly basis the product obtained by multiplying (x) the value of MSC Income’s total assets at the end of each calendar quarter by (y) the applicable “Annual Basis Point Rate” set forth in the below table:
Total AssetsAnnual Basis Point Rate
$0 - $500 million6.000 
Over $500 million - $1.25 billion5.125 
Greater than $1.25 billion4.500 
Schedule of Sale of Common Stock to Main Street. The following table summarizes MSC Income’s sale of shares of its common stock to Main Street during each of the three months ended March 31, 2025 and 2024.
Three Months Ended March 31,
20252024
(in thousands, except share and per share amounts)
Shares Purchased
289,761 (1)
157,035 (2)
Price per Share$15.53 $15.92 
Total Cost$4,500 $2,500 
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(1)These shares were purchased in the MSC Income Offering at the public offering price.
(2)These sales were at the same price at which the Company issued new shares in connection with reinvestments of MSC Income’s quarterly dividend pursuant to the Prior DRIP. Each issuance and sale was made pursuant to the exemption from registration under Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”).