Core Viewpoint - MSC Income Fund has successfully completed a private notes offering totaling $150.0 million, which will be used to repay outstanding debt and fund investments in line with its objectives [1][1][1] Group 1: Investment Offering Details - The notes are unsecured, with a fixed interest rate of 6.34% per year, payable semiannually, and maturing on May 31, 2029 [1][1][1] - The notes can be redeemed at any time at par plus accrued interest and potentially a make-whole premium [1][1][1] Group 2: Use of Proceeds - The net proceeds from the offering will initially be used to repay a portion of the outstanding debt under a floating rate multi-year revolving credit facility [1][1][1] - Following the repayment, the funds will be re-borrowed to support investments, cover operating expenses, and fulfill general corporate purposes [1][1][1] Group 3: Company Overview - MSC Income Fund primarily provides debt capital to private companies, particularly those owned by or in the process of being acquired by private equity funds [1][1][1] - The Fund's investments typically support leveraged buyouts, recapitalizations, growth financings, refinancings, and acquisitions across diverse industry sectors [1][1][1] - The Fund's portfolio companies generally have annual revenues ranging from $25 million to $500 million, while lower middle market companies have revenues between $10 million and $150 million [1][1][1]

Core Viewpoint - Studio City International Holdings Limited has filed its annual report on Form 20-F for the fiscal year ended December 31, 2025, which is accessible on the company's investor relations website [1] Group 1: Company Overview - Studio City is a world-class integrated resort located in Cotai, Macau, and is listed on the New York Stock Exchange under the ticker MSC [4] - The company is majority owned by Melco Resorts & Entertainment Limited, which is listed on the Nasdaq Global Select Market under the ticker MLCO [4] Group 2: Financial Reporting - The company will provide a hard copy of its annual report containing audited consolidated financial statements free of charge to shareholders and ADS holders upon request [2]

Core Viewpoint - Studio City International Holdings Limited has filed its annual report on Form 20-F for the fiscal year ended December 31, 2025, which is accessible on the company's investor relations website [1] Group 1: Company Overview - Studio City is a world-class integrated resort located in Cotai, Macau, and its American depositary shares are listed on the New York Stock Exchange (NYSE: MSC) [4] - The company is majority owned by Melco Resorts & Entertainment Limited, which is listed on the Nasdaq Global Select Market (Nasdaq: MLCO) [4] Group 2: Financial Reporting - The company will provide a hard copy of its annual report containing audited consolidated financial statements free of charge to shareholders and ADS holders upon request [2]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commissi ...

Core Viewpoint - MSC Industrial Supply Co. has announced the addition of Reuben Slone to its Board of Directors, indicating a strategic move to enhance its leadership team [1] Company Summary - MSC Industrial Supply Co. is a leading North American distributor specializing in metalworking and maintenance, repair, and operations (MRO) products and services [1] - The Chairman of the Board, Mitchell Jacobson, expressed excitement about Reuben Slone joining the Board, highlighting the importance of leadership in the company's growth strategy [1]

Core Insights - MSC Income Fund reported strong financial results for the fourth quarter and full year of 2025, highlighting a net asset value increase and significant investment activity [1][2][3] Financial Performance - Fourth Quarter 2025 net investment income (NII) was $13.1 million, or $0.28 per share, a decrease of 18% compared to the same period in 2024 [2][5] - Adjusted net investment income (ANII) for the fourth quarter was $15.9 million, or $0.34 per share, reflecting a 17% increase year-over-year [2][5] - Total investment income for the fourth quarter was $34.9 million, up 4% from $33.5 million in the previous year [2][5] - The Fund declared a total dividend of $0.36 per share for the fourth quarter, including a regular dividend of $0.35 and a supplemental dividend of $0.01 [1][2] Asset and Investment Portfolio - As of December 31, 2025, the net asset value per share was $15.85, an increase of 2.0% from $15.54 as of September 30, 2025 [1][2] - The Fund completed $23.0 million in lower middle market (LMM) portfolio follow-on investments and $100.9 million in private loan portfolio investments during the fourth quarter [1][2] - The total investment portfolio at fair value consisted of approximately 61% private loans, 36% LMM, 2% middle market, and 1% other investments [4] Operational Highlights - The Fund achieved a return on equity of 16.3% on an annualized basis for the fourth quarter and 12.5% for the full year 2025 [1][2] - A net increase in net assets resulting from operations was $30.0 million for the fourth quarter, representing a 47% increase from the previous year [2][3] - The Fund's liquidity as of December 31, 2025, was $112.0 million, including $20.6 million in cash and cash equivalents [3][4] Advisory and Management Changes - An amended advisory agreement was entered into, reducing the annual base management fee to 1.5% of average total assets and adjusting the incentive fee structure [1][2] - The Fund's debt-to-equity ratio was 0.82x, below the targeted leverage range, indicating a strong capital structure [3][4]

MSC Income Fund Announces Regular Quarterly Dividend and Supplemental Dividend [Accessibility Statement] Skip NavigationRegular Quarterly Dividend of $0.35 Per Share and Supplemental Dividend of $0.01 Per Share Payable May 1, 2026HOUSTON, Feb. 26, 2026 /PRNewswire/ -- MSC Income Fund, Inc. (NYSE: MSIF) (the "Fund") is pleased to announce that its Board of Directors declared a regular quarterly cash dividend of $0.35 per share payable in May 2026, which will be payable as set forth in the table below.Regular ...

February 12, 2026 Disclaimer 4Q'25 Results Presentation Safe Harbor Statement This presentation contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Studio City International Holdings Limited (the "Company") may also make forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC"), in its annual report to shareholders, in press releases and other writte ...

Core Insights - Studio City International Holdings Limited reported an increase in total operating revenues for Q4 2025, reaching US$160.3 million, up from US$152.9 million in Q4 2024, driven by improved mass market table games performance and higher non-gaming revenues [2][14] - The company generated gross gaming revenues of US$342.7 million in Q4 2025, compared to US$321.8 million in Q4 2024, indicating a positive trend in gaming operations [2] - For the full year 2025, total operating revenues were US$694.6 million, an increase from US$639.1 million in 2024, attributed to better performance in mass market operations [14] Financial Performance - Operating income for Q4 2025 was US$7.8 million, compared to US$3.1 million in Q4 2024, reflecting improved operational efficiency [8] - Adjusted EBITDA for Q4 2025 was US$60.2 million, up from US$56.7 million in Q4 2024, primarily due to higher revenues [8] - The net loss attributable to Studio City for Q4 2025 was US$20.5 million, an improvement from a net loss of US$27.7 million in Q4 2024 [9][16] Gaming Operations - Mass market table games drop was US$931.7 million in Q4 2025, up from US$891.7 million in Q4 2024, with a hold percentage of 33.7% compared to 32.1% in the previous year [3] - Gaming machine handle for Q4 2025 was US$935.8 million, an increase from US$888.9 million in Q4 2024, with a win rate of 3.0% [3] Non-Gaming Revenues - Total non-gaming revenues for Q4 2025 were US$91.3 million, slightly up from US$89.3 million in Q4 2024, indicating stable growth in non-gaming segments [7] Financial Position - As of December 31, 2025, total cash and bank balances were US$109.5 million, down from US$127.8 million a year earlier [12] - Total debt at the end of Q4 2025 was US$2.02 billion, reduced from US$2.16 billion at the end of 2024, primarily due to debt repayment [12] Capital Expenditures - Capital expenditures for Q4 2025 were US$4.2 million, reflecting ongoing investments in the business [13]

Company Overview - MSC Income Fund, Inc. has appointed Nataly M. Marks as a new independent member of its Board of Directors, who will also serve on the Audit Committee [1] - The Fund primarily provides debt capital to private companies, focusing on leveraged buyouts, recapitalizations, growth financings, refinancings, and acquisitions across diverse industry sectors [5] Leadership Background - Ms. Marks has been the President of Triple-S Steel Holdings, Inc. since 2022, overseeing finance, human resources, operations, information technology, and commercial teams [2] - She has 20 years of experience in the banking industry, having held various leadership roles at JPMorgan Chase & Co. from 2009 to 2022, including Head of Middle Market Banking for Houston and Central Texas [2][3] Board Contributions - The CEO of MSC Income Fund believes Ms. Marks will bring valuable insights to the Fund's investment activities due to her extensive experience in middle market, corporate, and investment banking [4] - Ms. Marks' leadership experience in a private company aligns with the profile of the Fund's typical private loan and lower middle market portfolio companies [4] Fund's Investment Strategy - The Fund's portfolio investments typically support companies with annual revenues between $25 million and $500 million for private loans, and between $10 million and $150 million for lower middle market investments [5]