Business Context and Reporting Period
This Form 8-K is a current report filed by HMS Income Fund, Inc. on June 23, 2016. The filing announces the declaration of distributions for the third quarter of 2016 (July 1, 2016, through September 30, 2016) regarding the company's common stock.
Key Financial Metrics
The filing does not provide revenue, profit, cash flow, margin, debt, or liquidity figures. The primary financial metric disclosed is the distribution rate:
- Distribution Rate: $0.00191781 per share of Common Stock per day.
- Payment Method: Cash or reinvestment in Common Stock via the distribution reinvestment plan.
- Payment Timing: Paid on the first business day following the completion of the month to which they relate.
Material Changes
The filing does not disclose material changes in financial performance compared to prior periods. It solely reports the board of directors' authorization of the specific daily distribution rate for the upcoming quarter.
Guidance, Outlook, and Risks
The document contains forward-looking statements regarding the timing of distribution payments. Management cautions that actual results may differ materially due to future economic, competitive, and market conditions. Specific risks are referenced in the "Risk Factors" section of the Company's Annual Report on Form 10-K for the year ended December 31, 2015, and subsequent Form 10-Q filings. The company undertakes no obligation to update these forward-looking statements.
Investor Verification Checklist
- Verify the exact record dates for the third quarter of 2016 to confirm eligibility for the daily distribution.
- Confirm the specific payment dates for July, August, and September 2016 distributions.
- Review the Form 10-K (2015) and Form 10-Q filings for detailed risk factors affecting the company's ability to maintain this distribution rate.
- Check the terms of the distribution reinvestment plan if opting for stock reinvestment.