HMS Income Fund Launches Tender Offer

HMS Income Fund, a publicly registered non-traded business development company sponsored by Hines, is offering to purchase 791,031.94 shares of common stock. This amount represents approximately 2.5 percent of the weighted average number of the shares outstanding for the trailing four calendar quarters. 

The purpose of the offer is to provide stockholders with limited liquidity because there is otherwise no public market for the shares. The offer is for cash at a purchase price equal to the net asset value per share as of September 22, 2015 as determined by the pricing committee of the company’s board of directors. The offer will expire at 5:00 p.m. CT on September 18, 2015, unless extended.

HMS is a publicly registered, non-listed business development company sponsored by Hines, an international investment management firm. The primary investment objective of HMS is to generate current income through debt and equity investments in private middle market and lower middle market US companies.