%PDF-1.5 1 0 obj <> endobj 3 0 obj <> endobj 4 0 obj <> stream /GS0 gs q 168.00 0 0 116.00 222.00 604.00 cm /I1 Do Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.85 574.60 Td (Supplement dated May 28, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.10 557.20 Td (to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.95 539.80 Td (Prospectus dated ) Tj ET Q q 0 0 0 rg BT 311.38 539.80 Td (April 28, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 527.80 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 515.80 Td (_________________________________________) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 503.80 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 491.80 Td (This supplement contains information which amends, supplements or modifies certain information contained in the Prospectus of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 479.80 Td (HMS Income Fund, Inc. \(the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 158.48 479.80 Td (Company) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.92 479.80 Td (\) dated ) Tj ET Q q 0 0 0 rg BT 231.80 479.80 Td (April 28, 2014 \(as so supplemented and amended, the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 453.69 479.80 Td (Prospectus) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.69 479.80 Td (\). ) Tj ET Q q 0 0 0 rg BT 511.27 479.80 Td (This ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 467.80 Td (supplement is part of, and should be read in conjunction with, the Prospectus. ) Tj ET Q q 0 0 0 rg BT 348.54 467.80 Td (The Prospectus has been filed with the Securities and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 455.80 Td (Exchange Commission and is available at www) Tj ET Q q 0 0 0 rg BT 226.42 455.80 Td (.sec.gov or by calling \(888\) 446-3773. Capitalized terms used in this supplement have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 443.80 Td (the same meanings as in the Prospectus, unless otherwise stated herein.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 431.80 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 419.80 Td (Y) Tj ET Q q 0 0 0 rg BT 41.00 419.80 Td (ou should carefully consider the Risk Factors beginning on page 26 of the Prospectus before you decide to invest. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 520.44 419.80 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 395.80 Td (This supplement updates the Prospectus to update the description of the term of the of) Tj ET Q q 0 0 0 rg BT 379.63 395.80 Td (fering in the Prospectus.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.83 395.80 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 383.80 Td (_________________________________________) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.00 371.80 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 179.85 359.80 Td (QUESTIONS ) Tj ET Q q 0 0 0 rg BT 240.15 359.80 Td (AND ) Tj ET Q q 0 0 0 rg BT 263.77 359.80 Td (ANSWERS ) Tj ET Q q 0 0 0 rg BT 315.17 359.80 Td (ABOUT) Tj ET Q q 0 0 0 rg BT 350.55 359.80 Td ( ) Tj ET Q q 0 0 0 rg BT 352.87 359.80 Td (THIS OFFERING) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 335.80 Td (This supplement r) Tj ET Q q 0 0 0 rg BT 107.30 335.80 Td (eplaces the question and r) Tj ET Q q 0 0 0 rg BT 211.91 335.80 Td (elated answer under the question How long will this offering last? on page 21 of the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 323.80 Td (Pr) Tj ET Q q 0 0 0 rg BT 45.63 323.80 Td (ospectus with the following:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 294.98 Td (Q:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.00 294.98 Td (How long will this offering last?) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 270.87 Td (A:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 270.87 Td (This is a continuous offering of our shares as permitted by the federal securities laws. We have filed and will continue to file) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 260.87 Td (post-effective amendments to the registration statement of which this prospectus is a part that are subject to SEC review, to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 250.87 Td (allow us to continue this offering through June 4, 2015. Generally, state registrations are for a period of one year. We may be) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 240.87 Td (required to discontinue selling shares in any state in which our registration is not renewed or otherwise extended annually. We) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 230.87 Td (may terminate the offering at any time.) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 246.15 202.80 Td (PLAN OF) Tj ET Q q 0 0 0 rg BT 289.39 202.80 Td ( DISTRIBUTION) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 178.80 Td (This supplement r) Tj ET Q q 0 0 0 rg BT 107.30 178.80 Td (eplaces the first paragraph in the section entitled Plan of Distribution - General on page 1) Tj ET Q q 0 0 0 rg BT 480.69 178.80 Td (18 of the Pr) Tj ET Q q 0 0 0 rg BT 527.82 178.80 Td (ospectus ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 166.80 Td (with the following:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 142.80 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 142.80 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 142.80 Td (e ) Tj ET Q q 0 0 0 rg BT 87.58 142.80 Td (are ) Tj ET Q q 0 0 0 rg BT 102.29 142.80 Td (of) Tj ET Q q 0 0 0 rg BT 110.44 142.80 Td (fering ) Tj ET Q q 0 0 0 rg BT 136.82 142.80 Td (a ) Tj ET Q q 0 0 0 rg BT 143.76 142.80 Td (maximum ) Tj ET Q q 0 0 0 rg BT 186.81 142.80 Td (of ) Tj ET Q q 0 0 0 rg BT 197.64 142.80 Td (150,000,000 ) Tj ET Q q 0 0 0 rg BT 250.15 142.80 Td (shares ) Tj ET Q q 0 0 0 rg BT 277.64 142.80 Td (of ) Tj ET Q q 0 0 0 rg BT 288.47 142.80 Td (our ) Tj ET Q q 0 0 0 rg BT 304.30 142.80 Td (common ) Tj ET Q q 0 0 0 rg BT 341.80 142.80 Td (stock ) Tj ET Q q 0 0 0 rg BT 365.41 142.80 Td (to ) Tj ET Q q 0 0 0 rg BT 375.69 142.80 Td (the ) Tj ET Q q 0 0 0 rg BT 390.41 142.80 Td (public ) Tj ET Q q 0 0 0 rg BT 417.91 142.80 Td (at ) Tj ET Q q 0 0 0 rg BT 427.63 142.80 Td (a ) Tj ET Q q 0 0 0 rg BT 434.57 142.80 Td (current ) Tj ET Q q 0 0 0 rg BT 465.39 142.80 Td (of) Tj ET Q q 0 0 0 rg BT 473.54 142.80 Td (fering ) Tj ET Q q 0 0 0 rg BT 499.92 142.80 Td (price ) Tj ET Q q 0 0 0 rg BT 522.41 142.80 Td (of ) Tj ET Q q 0 0 0 rg BT 533.24 142.80 Td ($10.00 ) Tj ET Q q 0 0 0 rg BT 563.24 142.80 Td (per ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 130.80 Td (share, ) Tj ET Q q 0 0 0 rg BT 61.58 130.80 Td (except ) Tj ET Q q 0 0 0 rg BT 89.66 130.80 Td (as ) Tj ET Q q 0 0 0 rg BT 99.97 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118.80 Td (shares ) Tj ET Q q 0 0 0 rg BT 442.65 118.80 Td (and ) Tj ET Q q 0 0 0 rg BT 459.42 118.80 Td (it ) Tj ET Q q 0 0 0 rg BT 467.30 118.80 Td (has ) Tj ET Q q 0 0 0 rg BT 482.96 118.80 Td (no ) Tj ET Q q 0 0 0 rg BT 495.28 118.80 Td (firm ) Tj ET Q q 0 0 0 rg BT 514.82 118.80 Td (commitment ) Tj ET Q q 0 0 0 rg BT 567.70 118.80 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 106.80 Td (obligation ) Tj ET Q q 0 0 0 rg BT 78.67 106.80 Td (to ) Tj ET Q q 0 0 0 rg BT 88.56 106.80 Td (purchase ) Tj ET Q q 0 0 0 rg BT 126.21 106.80 Td (any ) Tj ET Q q 0 0 0 rg BT 142.77 106.80 Td (of ) Tj ET Q q 0 0 0 rg BT 153.21 106.80 Td (the ) Tj ET Q q 0 0 0 rg BT 167.55 106.80 Td (shares. ) Tj ET Q q 0 0 0 rg BT 197.00 106.80 Td (The ) Tj ET Q q 0 0 0 rg BT 214.66 106.80 Td (of) Tj ET Q q 0 0 0 rg BT 222.81 106.80 Td (fering ) Tj ET Q q 0 0 0 rg BT 248.80 106.80 Td (of ) Tj ET Q q 0 0 0 rg BT 259.25 106.80 Td (shares ) Tj ET Q q 0 0 0 rg BT 286.36 106.80 Td (of ) Tj ET Q q 0 0 0 rg BT 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175.84 94.80 Td (fective ) Tj ET Q q 0 0 0 rg BT 205.59 94.80 Td (date ) Tj ET Q q 0 0 0 rg BT 224.80 94.80 Td (of ) Tj ET Q q 0 0 0 rg BT 235.68 94.80 Td (this ) Tj ET Q q 0 0 0 rg BT 252.68 94.80 Td (of) Tj ET Q q 0 0 0 rg BT 260.83 94.80 Td (fering. ) Tj ET Q q 0 0 0 rg BT 289.76 94.80 Td ( ) Tj ET Q q 0 0 0 rg BT 292.31 94.80 Td (On ) Tj ET Q q 0 0 0 rg BT 307.08 94.80 Td (May ) Tj ET Q q 0 0 0 rg BT 327.97 94.80 Td (27, ) Tj ET Q q 0 0 0 rg BT 343.02 94.80 Td (2014, ) Tj ET Q q 0 0 0 rg BT 368.07 94.80 Td (our ) Tj ET Q q 0 0 0 rg BT 383.95 94.80 Td (board ) Tj ET Q q 0 0 0 rg BT 409.27 94.80 Td (of ) Tj ET Q q 0 0 0 rg BT 420.15 94.80 Td (directors ) Tj ET Q q 0 0 0 rg BT 457.69 94.80 Td (elected ) Tj ET Q q 0 0 0 rg BT 488.55 94.80 Td (to ) Tj ET Q q 0 0 0 rg BT 498.88 94.80 Td (extend ) Tj ET Q q 0 0 0 rg BT 528.08 94.80 Td (our ) Tj ET Q q 0 0 0 rg BT 543.97 94.80 Td (of) Tj ET Q q 0 0 0 rg BT 552.12 94.80 Td (fering ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 82.80 Td (period ) Tj ET Q q 0 0 0 rg BT 64.05 82.80 Td (to ) Tj ET Q q 0 0 0 rg BT 74.33 82.80 Td (June ) Tj ET Q q 0 0 0 rg BT 95.16 82.80 Td (4, ) Tj ET Q q 0 0 0 rg BT 105.16 82.80 Td (2015. ) Tj ET Q q 0 0 0 rg BT 129.97 82.80 Td (This ) Tj ET Q q 0 0 0 rg BT 150.25 82.80 Td (of) Tj ET Q q 0 0 0 rg BT 158.40 82.80 Td (fering ) Tj ET Q q 0 0 0 rg BT 184.78 82.80 Td (must ) Tj ET Q q 0 0 0 rg BT 206.73 82.80 Td (be ) Tj ET Q q 0 0 0 rg BT 218.67 82.80 Td (registered ) Tj ET Q q 0 0 0 rg BT 260.59 82.80 Td (in ) Tj ET Q q 0 0 0 rg BT 270.87 82.80 Td (every ) Tj ET Q q 0 0 0 rg BT 295.58 82.80 Td (state ) Tj ET Q q 0 0 0 rg BT 316.40 82.80 Td (in ) Tj ET Q q 0 0 0 rg BT 326.68 82.80 Td (which ) Tj ET Q q 0 0 0 rg BT 353.62 82.80 Td (we ) Tj ET Q q 0 0 0 rg BT 367.78 82.80 Td (of) Tj ET Q q 0 0 0 rg BT 375.93 82.80 Td (fer ) Tj ET Q q 0 0 0 rg BT 389.53 82.80 Td (or ) Tj ET Q q 0 0 0 rg BT 400.36 82.80 Td (sell ) Tj ET Q q 0 0 0 rg BT 416.74 82.80 Td (shares.) 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