Barings Corporate Investors Reports Preliminary Third Quarter 2024 Results
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.
Barings Corporate Investors (NYSE: MCI) ha riportato i risultati finanziari preliminari per il terzo trimestre del 2024. Il Trust ha guadagnato 0,37 dollari per azione in reddito netto da investimenti, in calo rispetto a 0,42 nel secondo trimestre del 2024. Il reddito totale da investimenti è stato di 9,3 milioni di dollari, con un patrimonio netto derivante dalle operazioni di 7,6 milioni di dollari. Il valore netto per azione è leggermente diminuito a 17,20 dollari, rispetto a 17,22 nel secondo trimestre. Durante il trimestre, il Trust ha effettuato nove nuovi investimenti privati per un totale di 18,5 milioni di dollari, 33 investimenti addizionali per un valore di 8,2 milioni di dollari e 14 nuovi investimenti pubblici per un totale di 19,2 milioni di dollari. Il Trust ha riportato perdite di capitale nette di 3 milioni di dollari.
Barings Corporate Investors (NYSE: MCI) ha publicado sus resultados financieros preliminares para el tercer trimestre de 2024. El fideicomiso generó $0.37 por acción en ingresos netos de inversión, una disminución con respecto a $0.42 en el segundo trimestre de 2024. Los ingresos totales por inversiones fueron de $9.3 millones, con activos netos derivados de operaciones de $7.6 millones. El NAV por acción disminuyó ligeramente a $17.20 desde $17.22 en el trimestre anterior. Durante el trimestre, el fideicomiso realizó nueve nuevas inversiones privadas por un total de $18.5 millones, 33 inversiones adicionales valoradas en $8.2 millones y 14 nuevas inversiones públicas por un total de $19.2 millones. El fideicomiso reportó pérdidas de capital netas de $3 millones.
Barings Corporate Investors (NYSE: MCI)는 2024년 3분기 예비 재무 결과를 발표했습니다. 신탁은 순 투자 수익으로 주당 0.37달러를 기록했으며, 이는 2024년 2분기의 0.42달러에서 감소한 수치입니다. 총 투자 수익은 930만 달러로, 운영에서 발생한 순 자산은 760만 달러에 달합니다. 주당 순자산 가치는 2분기 17.22달러에서 약간 감소하여 17.20달러가 되었습니다. 분기 동안 신탁은 총 1850만 달러 규모의 9개 신규 사모 투자, 820만 달러 규모의 33개 추가 투자 및 1920만 달러 규모의 14개 신규 공모 투자를 진행했습니다. 신탁은 300만 달러의 순 자본 손실을 보고했습니다.
Barings Corporate Investors (NYSE: MCI) a publié ses résultats financiers préliminaires pour le 3ème trimestre 2024. Le Trust a gagné 0,37 $ par action en revenus nets d'investissement, contre 0,42 $ au 2ème trimestre 2024. Le revenu total des investissements s'élevait à 9,3 millions $, avec un actif net issu des opérations de 7,6 millions $. La valeur nette d'inventaire par action a légèrement diminué à 17,20 $ contre 17,22 $ au 2ème trimestre. Au cours du trimestre, le Trust a réalisé neuf nouveaux investissements privés totalisant 18,5 millions $, 33 investissements complémentaires d'une valeur de 8,2 millions $, et 14 nouveaux investissements publics totalisant 19,2 millions $. Le Trust a signalé des pertes de capital nettes de 3 millions $.
Barings Corporate Investors (NYSE: MCI) hat seine vorläufigen finanziellen Ergebnisse für das 3. Quartal 2024 veröffentlicht. Der Trust erzielte 0,37 USD pro Aktie an Nettokapitalerträgen, einen Rückgang von 0,42 im 2. Quartal 2024. Die Gesamterträge aus Investitionen betrugen 9,3 Millionen USD, wobei die Nettovermögen aus den Operationen 7,6 Millionen USD ausmachten. Der NAV pro Aktie verringerte sich leicht auf 17,20 USD von 17,22 im 2. Quartal. Im Quartal tätigte der Trust neun neue private Investitionen in Höhe von insgesamt 18,5 Millionen USD, 33 Zusatzinvestitionen im Wert von 8,2 Millionen USD und 14 neue öffentliche Investitionen in Höhe von 19,2 Millionen USD. Der Trust berichtete von netto Kapitalverlusten in Höhe von 3 Millionen USD.
- Made significant new investments: $18.5M in private, $19.2M in public investments
- Maintained stable dividend despite market conditions
- Net increase in assets from operations of $7.6M ($0.37 per share)
- Net investment income decreased from $0.42 to $0.37 per share QoQ
- Net capital losses of $3M ($0.15 per share)
- NAV per share declined from $17.22 to $17.20
- Quarterly dividend payment exceeded net investment income by $0.03 per share
Insights
The Q3 2024 results show mixed performance. Net investment income decreased to
Portfolio activity remains robust with
The focus on first-lien senior secured middle-market investments and high-quality businesses suggests a defensive positioning, though the increased capital losses warrant monitoring.
Financial Highlights(1) |
Three Months Ended
|
Three Months Ended
|
||||||||||
|
Total Amount |
Per Share(5) |
Total Amount |
Per
|
||||||||
Net investment income(2) |
$ |
7,552,446 |
|
$ |
0.37 |
|
$ |
8,623,260 |
|
$ |
0.42 |
|
Net realized (losses) / gains(3) |
$ |
(2,993,688 |
) |
$ |
(0.15 |
) |
$ |
(1,165,538 |
) |
$ |
(0.06 |
) |
Net unrealized appreciation / (depreciation) |
$ |
3,003,427 |
|
$ |
0.15 |
|
$ |
(642,281 |
) |
$ |
(0.03 |
) |
Net increase in net assets resulting from operations |
$ |
7,581,256 |
|
$ |
0.37 |
|
$ |
6,633,072 |
|
$ |
0.33 |
|
|
|
|
|
|
||||||||
Total net assets (equity) |
$ |
350,383,118 |
|
$ |
17.20 |
|
$ |
350,112,108 |
|
$ |
17.22 |
|
(1) All figures for 2024 are unaudited |
||||||||||||
(2) September 30, 2024 figures net of less than |
||||||||||||
(3) September 30, 2024 figures net of less than |
||||||||||||
(4) Based on shares outstanding at the end of the period of 20,334,874 |
||||||||||||
(5) Based on shares outstanding at the end of the period of 20,370,720 |
||||||||||||
Key Highlights:
Commenting on the quarter, Christina Emery, President, stated, "The Trust earned
During the three months ended September 30, 2024, the Trust reported total investment income of
Net asset value ("NAV") per share as of September 30, 2024, was
The next scheduled meeting of the Board of Trustees will be held on December 12, 2024.
Recent Portfolio Activity
During the three months ended September 30, 2024, the Trust made nine new private investments totaling
Liquidity and Capitalization
As of September 30, 2024, the Trust had cash and short-term investments of
Net Capital Gains
The Trust realized net capital losses of
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
*Assets under management as of September 30, 2024
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 Corporate Investors
FAQ
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