Business Context and Reporting Period
Company: HMS Income Fund, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: September 27, 2013
Subject: Declaration of Fourth Quarter 2013 Distributions.
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, debt, or liquidity metrics. It focuses exclusively on distribution declarations.
- Distribution Rate: $0.00191781 per share, per day.
- Annualized Yield: 7% (based on a public offering price of $10.00 per share).
- Record Period: October 1, 2013, through December 31, 2013.
- Payment Schedule: Paid on the first business day following the completion of each month.
- Payment Method: Cash or reinvestment in stock via the distribution reinvestment plan.
Material Changes
The filing does not provide comparative financial data or material changes versus prior periods. It announces the specific distribution rate for the upcoming quarter.
Guidance, Outlook, and Risks
Management Commentary: The board of directors authorized the distributions. The 7% yield is a projection based on the current offering price of $10.00 per share being maintained for a twelve-month period.
Risks and Contingencies: The filing includes forward-looking statements regarding the timing of payments. Actual results may differ due to future economic, competitive, and market conditions. Investors are directed to the "Risk Factors" section of the Annual Report on Form 10-K for the year ended December 31, 2012, for a detailed list of risks.
Investor Verification Checklist
- Verify the current public offering price to confirm if the 7% annualized yield remains accurate.
- Confirm stockholder of record dates for October, November, and December 2013.
- Review the Form 10-K for the year ended December 31, 2012, for detailed risk factors.
- Check the status of the distribution reinvestment plan for eligible shareholders.