0001193125-12-255556.txt : 20120716 0001193125-12-255556.hdr.sgml : 20120716 20120531162659 ACCESSION NUMBER: 0001193125-12-255556 CONFORMED SUBMISSION TYPE: CORRESP PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20120531 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HMS INCOME FUND, INC. CENTRAL INDEX KEY: 0001535778 IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: CORRESP BUSINESS ADDRESS: STREET 1: 2800 POST OAK BOULEVARD, SUITE 5000 CITY: HOUSTON STATE: TX ZIP: 77056-6118 BUSINESS PHONE: 8882206121 MAIL ADDRESS: STREET 1: 2800 POST OAK BOULEVARD, SUITE 5000 CITY: HOUSTON STATE: TX ZIP: 77056-6118 CORRESP 1 filename1.htm Correspondence Letter
    

LOGO

    

John A. Good

 

PHONE:  (901) 543-5901
FAX:        (888) 543-4644
E-MAIL: jgood@bassberry.com

   

The Tower at Peabody Place

100 Peabody Place, Suite 900

Memphis, TN 38103-3672

(901) 543-5900

     

May 31, 2012

Edward P. Bartz

Staff Attorney

U.S. Securities and Exchange Commission

Division of Investment Management

100 F Street, NE

Washington, DC 20549

 

  Re: HMS Income Fund, Inc.

Registration Statement on Form N-2, as amended

File No. 333-178548

Dear Mr. Bartz:

On behalf of HMS Income Fund, Inc. (the “Company”) and in response to the oral comment received from the staff of the Division of Investment Management (the “Staff”) of the Securities and Exchange Commission (the “Commission”) on May 9 and May 11, 2012, via teleconferences, relating to the Company’s Registration Statement on Form N-2, as amended (File No. 333-178548) (the “Registration Statement”), we submit this letter containing the Company’s response to the Staff’s comment. For your convenience, we have set forth below the Staff’s comment followed by the Company’s response in bold.

Comment: The Commission acknowledges the Company’s modification of the disclosure regarding the inability to collect payment-in-kind (“PIK”) interest, partially or in its entirety, in the event that the debt principal for such investment is not paid in full. In addition, please disclose that if the Company’s investment adviser has collected a fee on an investment that provides for PIK, and such investment fails, the Company’s investment adviser would not be required to re-pay the fee that it received with respect to such investment.

Response: The Company acknowledges the Staff’s comment and has included the requested disclosure on pages 41 and 64 of the Registration Statement. The disclosure provides that if the Company’s investment adviser has collected a fee on an investment that provides for PIK, and such investment fails, the Company’s investment adviser would not be required to re-pay the fee that it received with respect to such investment.

bassberry.com

May 31, 2012

Page 2

Should you have any questions, please contact me via phone at (901) 543-5901 or via email at jgood@bassberry.com.

Sincerely,

/s/ John A. Good                            

John A. Good

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