logo_web_wht
(888) 637-5510

Written by 4:44 pm Blog, Investment Loss Recovery

MSC Income Fund Inc. – Update on the Investigation 

MSC Income Fund Inc. - Update on the Investigation, featured by top securities fraud attorneys, the White Law Group

MSC Income Fund Liquidation 

Are you concerned about your investment in MSC Income Fund Inc. on the recommendation of your financial advisor? If so, The White Law Group may be able to help you recover your losses by filing a FINRA Dispute Resolution claim against the brokerage firm that sold you the investment.  

MSC Income Fund (formerly known as HMS Income Fund) is a publicly registered, non-traded business development company (BDC) sponsored by Hines. The Fund’s investment strategy is to make debt investments in middle market companies and debt and equity investments in lower middle market companies.  

A non-traded Business Development Company (BDC) is a company that invests in small and mid-sized businesses. Investors can buy shares in a BDC, and the money from their investments is used to fund the businesses. In turn, investors can profit from dividends paid on their investments, or, possibly, the sale of their shares.  

Non-traded BDCs are high-risk investments. They typically have high commissions and lack liquidity–like non-traded real estate investment trusts (REITs) 

MSC Income Fund Net Asset Value 

The company apparently tenders a limited number of shares on a quarterly basis at the current Net Asset Value or NAV per share. According to SEC filings, the NAV as of November 1, 2022, was $7.61 per share.   

Central Trade & Transfer, a secondary market for alternative investments, is currently listing shares of MSC Income Fund for sale for just $5.90/share. This may indicate losses for investors as the original offering price was $10.00 per share.  

The White Law Group continues to investigate potential claims against the broker dealers that sold high risk investments to investors.  To learn more about the investigation, please see:  Investor Alert: MSC Income Fund, Inc. (fkn HMS Income Fund, Inc.)  

Due Diligence on Investments

Broker dealers are required to perform adequate due diligence on any investment they recommend. They should also ensure that all recommendations are suitable for the investor. Recommendations should be appropriate in light of the investor’s age, risk tolerance, net worth, and investment experience.  

Broker dealers that fail to adequately disclose risks or make unsuitable investment recommendations can be held liable for investment losses in a FINRA arbitration claim.  

How to Recover Financial Losses  

If you have suffered losses investing in MSC Income Fund, the securities attorneys at The White Law Group may be able to help you. Please call The White Law Group at 1-888-637-5510 for a free consultation.  

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Seattle, Washington. To learn more about The White Law Group please visit www.whitesecuritieslaw.com. 

 

Tags: , , , , , , , , , , , , , , , , , , , , Last modified: September 27, 2023