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Articles Tagged with HMS Income Fund

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HMS Income Fund (“HMSIF”), a publicly registered, non-traded business development company, announced a suspension of its share repurchase program and decreased its monthly distribution reinvestment plan share sale price, citing the COVID-19 pandemic.

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HMSIF will suspend repurchases for the second quarter of 2020 and will reevaluate its program depending on circumstances going forward.  HMSIF also announced a reduction of the price at which it sells shares to investor pursuant to its monthly distribution reinvestment plan (known as a “DRIP”) from $7.80 to $6.65 a share beginning with the April 1, 2020 distribution.

HMSIF focuses on loans and investment in small and mid-size companies throughout the United States.  HMSIF reportedly has raised approximately $236.3 million in its public offerings including proceeds from the DRIP of approximately $104.6 million.

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