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Barings Corporate Investors - MCI STOCK NEWS

Welcome to our dedicated page for Barings Corporate Investors news (Ticker: MCI), a resource for investors and traders seeking the latest updates and insights on Barings Corporate Investors stock.

Barings Corporate Investors (symbol: MCI) is a closed-end management investment company dedicated to fostering robust portfolio growth through a combination of current yield and capital gains opportunities. Operating under the umbrella of Barings LLC, a global investment manager with over $371 billion in assets under management as of March 31, 2022, MCI benefits from the extensive resources and expertise of its parent company.

The company primarily invests in privately placed, below-investment grade, long-term debt obligations such as bank loans and mezzanine debt instruments. These investments target small to middle-market companies across various sectors including aerospace and defense, automotive, building materials, and consumer products. MCI's strategic focus on these diverse sectors helps mitigate risk while capitalizing on high-potential growth areas.

Recent Achievements and Current Projects:

  • Investment Performance: MCI has consistently delivered competitive returns through a meticulous selection of high-yield investments.
  • Strategic Partnerships: Leveraging Barings LLC's global network, MCI collaborates with industry leaders to identify and invest in promising opportunities.
  • Financial Condition: The company maintains a strong financial position, supported by robust asset management and prudent investment strategies.
  • Sustainable Practices: Committed to responsible investment, MCI integrates sustainability considerations into its investment decisions to create long-term value for its stakeholders.

With a team of skilled investment professionals based in North America, Europe, and Asia Pacific, MCI is well-positioned to navigate the complexities of the global market. The Trust continues to focus on identifying differentiated opportunities that align with its objective of providing both current yield and capital appreciation.

For more detailed information, visit their official website at www.barings.com.

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Barings Corporate Investors (NYSE: MCI) has declared a quarterly dividend of $0.40 per share and a special dividend of $0.10 per share, both payable on January 17, 2025, to shareholders of record on December 30, 2024. The special distribution was made possible by non-recurring dividend income received in the fourth quarter, highlighting the benefits of the Trust's equity co-investments to shareholders. Based on current projections through the end of 2024, both dividends are expected to be comprised of net investment income, with final tax characteristics to be determined after year-end and reported on IRS Form 1099-Div.

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Barings Corporate Investors (NYSE: MCI) reported its Q3 2024 preliminary financial results. The Trust earned $0.37 per share in net investment income, down from $0.42 in Q2 2024. Total investment income was $9.3 million, with net assets resulting from operations of $7.6 million. The NAV per share decreased slightly to $17.20 from $17.22 in Q2. During the quarter, the Trust made nine new private investments totaling $18.5 million, 33 add-on investments worth $8.2 million, and 14 new public investments totaling $19.2 million. The Trust reported net capital losses of $3 million.

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Barings Corporate Investors (NYSE: MCI) has declared a quarterly dividend of $0.40 per share, payable on November 15, 2024, to shareholders of record on November 4, 2024. The Trust will report preliminary financial results for the third quarter of 2024 on November 14, 2024.

Barings Corporate Investors is a closed-end management investment company advised by Barings Barings is a $409+ billion global investment manager (as of June 30, 2024) focusing on public and private fixed income, real estate, and specialist equity markets. The firm, a subsidiary of MassMutual, has investment professionals across North America, Europe, and Asia Pacific.

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Barings Corporate Investors (NYSE: MCI) reported preliminary Q2 2024 results and increased its quarterly dividend. Key highlights include:

- Net investment income of $8,623,260 ($0.42 per share), up from $8,072,938 ($0.40 per share) in Q1 2024
- Net increase in assets from operations of $6,633,072 ($0.33 per share)
- Total net assets of $350,112,108 ($17.22 per share)
- Quarterly dividend increased by 2.6% to $0.40 per share

The Trust made five new investments totaling $4.5 million and 22 add-on investments totaling $5.4 million. Ten loans were repaid at par totaling $29.0 million. The Trust had $26.9 million in cash and short-term investments and $30.0 million in outstanding borrowings as of March 31, 2024.

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The Board of Trustees of Barings Corporate Investors (NYSE: MCI) reported its preliminary first quarter 2024 financial results. Net investment income rose to $8.1 million ($0.40 per share) from $7.4 million ($0.36 per share) in the previous quarter, driven by higher base rates. Net realized gains increased to $1.8 million ($0.08 per share) from $0.5 million ($0.02 per share). Net asset value per share grew to $17.28 from $16.77. The Board declared a quarterly dividend of $0.39 per share, up 2.6% from the previous $0.38 per share, payable on June 14, 2024.

The Trust made eight new investments worth $13.3 million and 29 add-on investments totaling $10.2 million. Five loans were repaid at par for $19.2 million, and two equity investments were realized, generating gains of $1.5 million. As of March 31, 2024, the Trust had $7.9 million in cash and $35.0 million in borrowings. Shareholders elected Clifford M. Noreen and Edward P. Grace III as trustees for three-year terms.

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Barings Corporate Investors (MCI) reported its preliminary financial results for Q4 2023, showing growth in net investment income and dividends. The Trust focuses on quality middle-market investments, leading to stable returns. The annual dividend increased by 39.2% compared to 2022, with an annualized yield of 8.2%.
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Barings Corporate Investors (MCI) increases quarterly cash dividend by 2.7% to $0.38 per share, reflecting growth in net investment income and quality credit selection. The Trust also amended its revolving credit agreement with MassMutual, increasing the commitment size by $15.0 million to a total of $45.0 million and extending the maturity to December 13, 2028.
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Barings Corporate Investors (MCI) Reports Strong Financial Results, Increases Dividend, and Continues Investment Strategy. The third quarter of 2023 saw an increase in net investment income to $0.44 per share, compared to $0.38 in the previous quarter. The Trust's net asset value per share increased to $17.07, primarily due to net investment income exceeding the Trust’s quarterly dividend by $0.09 per share and net unrealized appreciation on the Trust’s investment portfolio of $0.15 per share. The Board declared a 5.7% increase in the quarterly dividend to $0.37 per share payable on November 17, 2023. The Trust made new investments totaling $12.1 million and 24 add-on investments in existing portfolio companies totaling $4.3 million during the quarter. As of September 30, 2023, the Trust had cash of $9.7 million and $40.0 million of borrowings outstanding, with unfunded commitments of $22.0 million.
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Barings Corporate Investors (MCI) announces a quarterly dividend increase of $0.02 per share, representing a 5.7% increase over the previous dividend. The Trust will report Q3 2023 financial results on November 16, 2023.
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Barings Corporate Investors (NYSE: MCI) has reported its preliminary financial results for the second quarter of 2023. The Trust earned $0.38 per share of net investment income, compared to $0.43 per share in the previous quarter. Net asset value per share increased to $16.93 from $16.85. The Board of Trustees declared a quarterly dividend of $0.35 per share, representing a 9.4% increase over the previous dividend.
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FAQ

What is the current stock price of Barings Corporate Investors (MCI)?

The current stock price of Barings Corporate Investors (MCI) is $20.37 as of December 24, 2024.

What is the market cap of Barings Corporate Investors (MCI)?

The market cap of Barings Corporate Investors (MCI) is approximately 414.2M.

What is the primary investment objective of Barings Corporate Investors (MCI)?

The primary investment objective of MCI is to maintain a portfolio of securities that provide a current yield and an opportunity for capital gains.

In which sectors does MCI invest?

MCI invests in a variety of sectors including aerospace and defense, automotive, building materials, and consumer products.

What types of investments does MCI focus on?

MCI focuses on privately placed, below-investment grade, long-term debt obligations such as bank loans and mezzanine debt instruments.

How does MCI benefit from its parent company, Barings LLC?

MCI benefits from Barings LLC's extensive resources and expertise, as well as its global network of investment professionals.

What is the financial condition of MCI?

MCI maintains a strong financial position, supported by robust asset management and prudent investment strategies.

What are some recent achievements of MCI?

Recent achievements include competitive investment performance, strategic partnerships, and a commitment to sustainable investment practices.

Where can I find more information about MCI?

More detailed information can be found on their official website at www.barings.com.

What is the role of sustainability in MCI's investment strategy?

MCI integrates sustainability considerations into its investment decisions to create long-term value for its stakeholders.

Who are the typical clients of MCI?

MCI typically serves small to middle-market companies needing long-term debt obligations.

Where are MCI's investment professionals based?

MCI's investment professionals are based in North America, Europe, and Asia Pacific.

Barings Corporate Investors

NYSE:MCI

MCI Rankings

MCI Stock Data

414.22M
20.26M
0%
14.41%
0.11%
Asset Management
Financial Services
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