The Board of Trustees of Barings Corporate Investors met on May 16, 2024 and would like to report its preliminary financial results for the first quarter of 2024.
Financial.
Barings Participation Investors Reports Preliminary First Quarter 2024 Results and Announces Increased Quarterly Cash Dividend Of $0 36 Per Share tmcnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tmcnet.com Daily Mail and Mail on Sunday newspapers.
(2) Based on shares outstanding at the end of the period of 10,601,700
Key Highlights:
Commenting on the quarter, Christina Emery, President, stated, During the first quarter, Barings continued to drive origination flow into high quality, 1st lien senior secured middle-market investments. Additionally, our investment portfolio experienced further unrealized appreciation tied to tightening market spreads as well as improved financial performance at our underlying portfolio companies.
During the three months ended March 31, 2021, the Trust reported total investment income of $2.7 million, net investment income of $2.1 million, or $0.19 per share, and a net increase in net assets resulting from operations of $6.2 million, or $0.58 per share.
(2) Based on shares outstanding at the end of the period of 20,261,719
Key Highlights:
Commenting on the quarter, Christina Emery, President, stated, During the first quarter, Barings continued to drive origination flow into high quality, 1st lien senior secured middle-market investments. Additionally, our investment portfolio experienced further unrealized appreciation tied to tightening market spreads as well as improved financial performance at our underlying portfolio companies.
During the three months ended March 31, 2021, the Trust reported total investment income of $5.8 million, net investment income of $4.3 million, or $0.21 per share, and a net increase in net assets resulting from operations of $13.1 million, or $0.65 per share.
Barings Corporate Investors Reports Preliminary Fourth Quarter 2020 Results
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CHARLOTTE, N.C., Jan. 28, 2021 /PRNewswire/ The Board of Trustees of Barings Corporate Investors (NYSE: MCI) (the Trust ) met on January 28, 2021 and would like to report its preliminary financial results for the fourth quarter of 2020.
Financial Highlights
$ 16,053,678
(2) Based on shares outstanding at the end of the period of 20,261,719
Key Highlights:
Commenting on the quarter, Christina Emery, President, stated, During the fourth quarter, Barings continued to drive origination flow into high quality, 1
st lien senior secured middle-market investments while further continuing our efforts to realize value in select equity sales and mezzanine assets currently on non-accrual.