Hyzak Dwayne L. 4

What Happened Dwayne L. Hyzak, CEO and director of MS Income Fund, acquired 343.917 shares of MS Income Fund (MSIF) on January 30, 2026. The transaction price was $12.95 per share, for a total value of approximately $4,454. This was an acquisition through the fund's dividend reinvestment plan (not an open-market purchase).

Key Details

• Transaction date and type: 2026-01-30 — Other acquisition (code J) via dividend reinvestment.
• Price and quantity: 343.917 shares at $12.95 per share; total ≈ $4,454.
• Footnote: The shares were acquired under a dividend reinvestment plan and are reported as exempt from Section 16 under Rule 16a-11.
• Shares owned after transaction: Not specified in the filing.
• Filing timeliness: Form 4 was filed on 2026-03-10 (about six weeks after the transaction), which is later than the standard 2-business-day Form 4 reporting window.

Context Dividend reinvestment transactions (Rule 16a-11) typically reflect reinvesting cash dividends into additional shares rather than an intentional market buy; they are routine and generally viewed as non-dispositive of insider sentiment. The dollar value here is modest (~$4.5k), so this transaction is informational rather than a major ownership change.