Barings Participation Investors Announces Quarterly Cash Dividend of $0.37 Per Share and Special Dividend of $0.10 Per Share

Rhea-AI Summary

Barings Participation Investors (NYSE: MPV) has declared two dividends: a quarterly dividend of $0.37 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, demonstrating 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.

Positive

• Declared regular quarterly dividend of $0.37 per share
• Additional special dividend of $0.10 per share announced
• Non-recurring dividend income generated from equity co-investments

Negative

• Special dividend is non-recurring, indicating it may not be sustainable

CHARLOTTE, N.C.--(BUSINESS WIRE)-- The Board of Trustees of Barings Participation Investors (NYSE: MPV) (the “Trust”) today announced that it has declared a quarterly dividend of $0.37 per share payable on January 17, 2025, to shareholders of record on December 30, 2024. The Trust also announced a special distribution of $0.10 per share payable on January 17, 2025, to shareholders of record on December 30, 2024. Based on current projections through the end of 2024, the Trust expects both dividends will be compromised of net investment income. The final determination of the source and tax characteristics of these distributions will depend upon the Trust’s investment experience during its fiscal year and will be made after the Trust’s year end and will be reported on IRS Form 1099-Div.

Cliff Noreen, Chairman, stated, “We are pleased to announce a special distribution of $0.10 per share in addition to the Trust’s quarterly cash dividend of $0.37 per share. The special distribution, which was made possible by non-recurring dividend income received in the fourth quarter, highlights the benefits of the Trust’s equity co-investments to our shareholders.”

The next scheduled meeting of the Board of Trustees will be held on February 27, 2025.

Barings Participation 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 (“MPV”).

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.

About Barings

Barings is a $431+ billion* global asset management firm that partners with institutional, insurance, and intermediary clients, and supports leading businesses with flexible financing solutions. The firm, a subsidiary of MassMutual, seeks to deliver excess returns by leveraging its global scale and capabilities across public and private markets in fixed income, real assets and capital solutions.

*Assets under management as of September 30, 2024

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MediaRelations@barings.com

Source: Barings

FAQ

When will MPV pay its quarterly and special dividends for Q4 2024?

Both the quarterly dividend of $0.37 and special dividend of $0.10 will be paid on January 17, 2025, to shareholders of record on December 30, 2024.

What is the total dividend payout for MPV shareholders in Q4 2024?

The total dividend payout is $0.47 per share, consisting of a $0.37 regular quarterly dividend and a $0.10 special dividend.

What is the source of MPV's special dividend announcement?

The special dividend was made possible by non-recurring dividend income received in the fourth quarter from the Trust's equity co-investments.

What is the tax classification of MPV's Q4 2024 dividends?

Based on current projections, 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.