MSC Income Fund: The Discount Looks Compelling As The NAV Grows (Rating Upgrade)
MSC Income Fund has been upgraded to a buy rating as it trades at a 24% discount to its net asset value (NAV). The fund's diversified portfolio, primarily consisting of first-lien, floating-rate assets, supports a yield of 10.9%. With improving dividend coverage and strong cash flows, supplemental distributions are anticipated.
- ▪MSC Income Fund is currently trading at a 24% discount to its NAV.
- ▪The fund's portfolio primarily consists of first-lien, floating-rate assets.
- ▪It offers a yield of 10.9% and is expected to provide supplemental distributions.
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