HMS Income Fund Investment Objectives

Public offering expected to close to new investors on or about September 30, 2017.

  • Primary objective is to generate income through debt and equity investments.
  • Secondary objective is to generate long-term capital appreciation through such investments.1

Distributions to Investors

  • Distributions (if approved by the Board of Directors) declared quarterly and paid monthly.2

How HMS Income Fund Seeks to Invest

  • Intend to make debt and equity investments in U.S. middle-market and lower middle-market companies with annual revenues generally between $10 million and $3 billion.

1There is no guarantee that these objectives will be achieved. 2There is no guarantee that the Fund will pay distributions. The amount and timing of distributions are not guaranteed. Investment income has been insufficient to fund distributions. Paying distributions from sources other than net realized income lowers an investor’s overall return.

For more information, read the prospectus for HMS Income Fund. Copies of the prospectus may be obtained from Hines Securities, Inc., 2800 Post Oak Blvd., Suite 4700, Houston, Texas 77056 or by calling 888.446.3773. You should read the prospectus carefully in order to fully understand the objectives, risks, sales charges, fees and expenses of HMS Income Fund before investing or sending money.

You should be aware that the Fund, the Advisers, the Dealer Manager, Main Street and Hines and their respective officers, directors, employees and affiliates do not undertake to provide impartial investment advice or to give advice in a fiduciary capacity in connection with the Fund’s public offering of, or the purchase of, the Shares. In addition, as described elsewhere in this prospectus, each of the Advisers and the Dealer Manager has a financial interest associated with this offering of the Shares, including prospective fees, expense reimbursements and other payments they anticipate receiving from the Fund in connection purchases of the Shares. This prospectus is not intended as a recommendation to make an investment in the Shares, and investors should consult their financial advisors before making an investment decision.