HMS Income Fund

HMS Income Fund: Created With You and
American Businesses in Mind.

HMS Income Fund closed to new investors on September 30, 2017.

HMS Income Fund is a public, non-traded business development company (BDC) that focuses on income and capital appreciation. The company’s strategy is to make debt investments in syndicated middle-market companies as well as self-originated debt and equity investments in lower middle-market companies.

HMS Income Fund taps the experience and resources of Main Street Capital Corporation (“Main Street”), a publicly-traded BDC (NYSE: MAIN), through MSC Adviser I, LLC, a wholly-owned subsidiary that is the sub-adviser to the fund. The sub-adviser recommends and monitors all of HMS Income Fund’s investments, targeting investment opportunities that arise from ownership transitions, strategic acquisitions, business expansions and other growth initiatives, primarily for later stage businesses. Since its inception, Main Street has specialized in providing long-term loans and equity capital to middle-market and lower middle-market U.S. companies.

 

Portfolio Summary (as of June 30, 2017)2

Debt Investments: 119 companies
Equity Investments: 
40 companies
Weighted-average effective yield on investments (unlevered): 
8.5%3
Industries in which the portfolio is invested: 
48 sectors

 

   

1The annualized distribution amount shown is equal to the projected annualized distribution amount per share (which is calculated by annualizing the regular monthly cash distribution per share as of the date indicated, without compounding). There is no guarantee that the Fund will pay distributions. The amount and timing of distributions are not guaranteed. For the quarter ended June 30, 2017, 100% of distributions were paid from net realized income from operations (before the waiver of the incentive fee on income).

2Portfolio holdings and industry concentration are subject to change.

3Weighted-average effective yield is calculated based on our investments at the end of each period and includes accretion of original issue discounts and amortization of premiums, and the amortization of fees received in connection with transactions. Investments on non-accrual status are assumed to have a zero yield in the calculation of weighted-average effective yield.

Annualized Distribution Amount1

$0.70

Net Asset Value
(as of June 30, 2017)

$8.22


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