Barings Corporate Investors Announces Increased Quarterly Cash Dividend of $0.26 Per Share

Rhea-AI Summary

Barings Corporate Investors (NYSE: MCI) has declared a quarterly dividend of $0.26 per share, set to be paid on November 18, 2022. This reflects an 8.3% increase from the previous dividend of $0.24 per share. Shareholders of record by November 7, 2022 will be eligible for this payment. Preliminary financial results for the third quarter of 2022 will be reported on November 17, 2022.

Positive

• Quarterly dividend increased by $0.02 to $0.26 per share.
• Dividend payment date set for November 18, 2022.

Negative

• None.

CHARLOTTE, N.C., Oct. 3, 2022 /PRNewswire/ -- The Board of Trustees of Barings Corporate Investors (NYSE: MCI) (the "Trust") today announced that it has declared a quarterly dividend of $0.26 per share payable on November 18, 2022 to shareholders of record on November 7, 2022.  This represents an increase of $0.02 per share or 8.3% over the previous dividend of $0.24 per share. The Trust will report preliminary financial results for the third quarter of 2022 on November 17, 2022.

About Barings Corporate Investors

Barings Corporate Investors is a closed-end management investment company advised by Barings LLC.  Its shares are traded on the New York Stock Exchange under the trading symbol ("MCI").

About Barings LLC

Barings is a $349+ billion* global investment manager sourcing differentiated opportunities and building long-term portfolios across public and private fixed income, real estate, and specialist equity markets. With investment professionals based in North America, Europe and Asia Pacific, the firm, a subsidiary of MassMutual, aims to serve its clients, communities, and employees, and is committed to sustainable practices and responsible investment. Learn more at www.barings.com.

*Assets under management as of June 30, 2022

Contact

MediaRelations@barings.com

Per share amounts are rounded to the nearest cent.

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

Cautionary Notice: Certain statements contained in this press release may be "forward looking" statements.  Investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date on which they are made and which reflect management's current estimates, projections, expectations or beliefs, and which are subject to risks and uncertainties that may cause actual results to differ materially.  These statements are subject to change at any time based upon economic, market or other conditions and may not be relied upon as investment advice or an indication of the fund's trading intent.  References to specific securities are not recommendations of such securities, and may not be representative of the fund's current or future investments.  We undertake no obligation to publicly update forward looking statements, whether as a result of new information, future events, or otherwise. 

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SOURCE Barings

FAQ

What is the dividend amount declared by MCI?

The dividend amount declared by MCI is $0.26 per share.

What is the payment date for the MCI dividend?

The payment date for the MCI dividend is November 18, 2022.

When is the record date for MCI's dividend?

The record date for MCI's dividend is November 7, 2022.

How much did the dividend increase for MCI?

The dividend increased by $0.02, or 8.3%, from the previous dividend.

When will MCI report its third quarter financial results?

MCI will report its preliminary third quarter financial results on November 17, 2022.