Learn About BDCs

Investments like BDCs may provide the potential for periodic distributions and are a way to diversify your portfolio.1

Lifecycle of a BDC

  • INVESTORS Your funds are pooled together with other investors in a BDC.
  • BUSINESS DEVELOPMENT COMPANY BDC screens and identifies potential investments.
  • FUNDING FOR PRIVATELY HELD U.S. AND CERTAIN PUBLIC COMPANIES BDC makes loans and/or equity investments in selected companies.
  • RETURNS TO INVESTORS BDC investments offer potential periodic distributions and a way to diversify your portfolio because of the variety of potential industries in which a BDC may invest.1
  • PROCEEDS TO INVESTORS AT TIME OF LIQUIDITY EVENT2 Potential liquidity events could include (1) sale of all of our assets (2) listing of our shares on a national exchange (3) merger or other transaction.

1There is no guarantee that a BDC will be able to pay distributions. Further, the amount of distributions is uncertain and may not grow over time.

2Non-traded (or non-listed) BDCs are not traded on a securities exchange and therefore have limited liquidity. Non-traded BDCs are not obligated to effectuate a liquidity event (also called an exit event) by a specified date, so it may be difficult for investors to sell shares. Investors should consider that they may not have access to the money they invest for an indefinite period.

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.