SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
Date of Report (Date of Earliest Event Reported):
September 13, 2012
HMS Income Fund, Inc.
(Exact name of registrant as specified in
(State or other jurisdiction
|2800 Post Oak Blvd, Suite 5000, Houston, Texas
(Address of principal executive offices)
Registrant’s telephone number, including area code:
Former name or former address, if changed
since last report
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events.
Special Stock Dividend
On September 13, 2012, the board of directors (collectively,
the “Board”) of HMS Income Fund, Inc. (the “Company”) declared a special stock dividend of approximately
2.25 shares of the Company’s common stock ($0.001 par value per share) per 100 shares of common stock. The stock dividend
was issued on September 14, 2012 to stockholders of record on September 13, 2012. The purpose of this action was to ensure that
the Company’s net asset value (“NAV”) per share does not exceed the Company’s current offering price, after
deduction of selling commissions and dealer manager fees, as required by the Investment Company Act of 1940, as amended. The Board
determined that the Company’s portfolio performance warranted taking this action.
The special stock dividend increased the number of shares outstanding
as of September 14, 2012, thereby reducing NAV per share. However, because the stock dividend was issued to all existing stockholders
in proportion to their holdings, the reduction in NAV per share as a result of the stock dividend was offset exactly by the increase
in the number of shares owned by each investor. As the overall value of an investor’s position is not reduced as a result
of the special stock dividend, the Board determined that its payment was not dilutive to existing stockholders. As the stock dividend
did not change any stockholder’s proportionate interest in the Company, it is not expected to represent a taxable dividend.
Statements in this Current Report on Form 8-K, including intentions,
beliefs, expectations or projections relating to items such as the timing of payment of dividends are forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended. Such statements are based on current expectations and assumptions with respect to, among other things, future
economic, competitive and market conditions and future business decisions that may prove incorrect or inaccurate. Important factors
that could cause actual results to differ materially from those in the forward looking statements include the risks described in
the "Risk Factors" section of the Company’s Registration Statement on Form N-2.
A copy of the press release announcing the foregoing is attached
hereto as Exhibit 99.1 and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
||Press release dated September 13, 2012|
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
||HMS Income Fund, Inc.|
|September 13, 2012
||/s/ Ryan T. Sims
||Name: Ryan T. Sims|
||Title: Chief Financial Officer and Secretary|