Magdol David L. 4

What Happened

• David L. Magdol, President, CIO and Senior Managing Director of MSC Income Fund, Inc. (MSIF), acquired 275.133 shares on January 30, 2026. The shares were acquired at $12.95 per share for a total value of approximately $3,563. The filing classifies the transaction as an "other acquisition" (code J).

Key Details

• Transaction date and price: 2026-01-30, 275.133 shares at $12.95 each.
• Total value: ≈ $3,563.
• Transaction code: J (other acquisition); footnote states shares were acquired under a dividend reinvestment plan and the transaction is exempt from Section 16 under Rule 16a-11.
• Shares owned after transaction: Not specified in the filing.
• Filing date: Form 4 filed 2026-03-10 for the Jan 30 transaction — this is several weeks after the transaction (Section 16 filings are typically due within two business days).

Context

• This was a dividend reinvestment (automatic reinvestment of dividends into additional shares), a routine way insiders can acquire stock without an active open-market purchase. The footnote indicates the reinvestment transaction is treated as exempt under Rule 16a-11, which often applies to routine dividend reinvestments. Such small, routine reinvestments are generally less informative about insider sentiment than deliberate open-market buys or sales.