Msc Income Fund, Inc. · NYSE:MSIF
Msc Income Fund — HMS Income Fund — Shareholder Meeting (August 2014)
11 slides from Msc Income Fund's shareholder meeting presentation, Aug 5, 2014
Slide 1: 2014 Stockholder Meeting
2014 Stockholder, Meeting ee Os 53 eS oA cry d= EMS a Fund INVEST IN THE POWER OF AMERICAN INGENUITY.” INVEST IN AMERICAN BUSINESSES. Chairman, CEO and President Investment Committee Chair Sherri Schugart Ali Palomo
Slide 2: Company Overview
HMS Income Fund - 2014 Stockholder Meeting Company Overview = HMS Income Fund was formed in 2011 as a public, non- listed business development company that focuses on providing investors relatively steady income and moderate capital appreciation. = The company’s primary strategy is to make debt inve
Slide 3: Sponsor Overview
HMS Income Fund - 2014 Stockholder Meeting Sponsor Overview = Hines has responsibility for capital raising, reviewing and approving all investments, and all other corporate operations and administration. = Hines has sponsored two other public, non-listed real estate investment trusts which have coll
Slide 4: Sponsor Overview
HMS Income Fund - 2014 Stockholder Meeting Sponsor Overview = Main Street Capital has responsibilities for identifying, evaluating and recommending investments to HMS Income Fund as well as overall portfolio management. = Main Street is a publicly traded business development company with over $1.5 b
Slide 5: Investment Strategy Overview
HMS Income Fund - 2014 Stockholder Meeting ac Investment Strategy Overview = Primary objective: Generate income through debt and equity investments = The secondary objective is to generate long-term capital appreciation through such investments, primarily through its equity investments = Moderate le
Slide 6: Fund Overview as of June 30, 2014
HMS Income Fund - 2014 Stockholder Meeting Fund Overview as of June 30, 2014 = Raised $133.5 million in current public offering including proceeds from the distribution reinvestment plan = Leverage of approximately 39% = NAV per share — $8.85 = Distributions * 7% annualized distribution rate based o
Slide 7: Flexible Investment Strategy
HMS Income Fund - 2014 Stockholder Meeting Flexible Investment Strategy HMS Income Fund Self-originated loans to: Typical BDCs Ac el EA POTENTIAL RETURN RETURN Income from Income from Income from interest earned interest earned ri interest earned on loans on loans on loans + ~ ( Income potential fro
Slide 8: Target Investments
HMS Income Fund - 2014 Stockholder Meeting Target Investments = Established companies with histories of positive and stable free cash flow with focus on basic industries that are integral to the American economy = Firms with experienced and committed management teams = Strong franchises with sustain
Slide 9: Portfolio Update as of June 30, 2014
HMS Income Fund - 2014 Stockholder Meeting ac Portfolio Update as of June 30, 2014 » Aggregate fair value, $248.7 million; cost basis, $247.9 million = 86 Portfolio Investments + 81 Syndicated Investments + 4 Lower Middle Market Debt Investments + 1 Lower Middle Market Equity Investments « Weighted
Slide 10: 2014 Accomplishments
HMS Income Fund - 2014 Stockholder Meeting ac 2014 Accomplishments = Significant fund growth » Additional debt financing and capital availability = Obtained Exemptive Relief from the SEC = Originated first LMM deal with Main Street in May 2014 = Share repurchases » In September 2013, began quarterly
Slide 11: HMS Income Fund
HMS Tncome Kurd