Barings Corporate Investors Holds July 2019 Board Meeting
Jul 24, 2019
The Barings Corporate Investors (the “Trust”) Board of Trustees met today. The Trust’s Trustees declared a quarterly dividend of 30 cents per share payable on August 16, 2019 to shareholders of record on August 5, 2019. The Trust paid a dividend of 30 cents per share in the preceding quarter.
The Trust’s Trustees determined that the Trust’s net asset value as of June 30, 2019 was $308,265,619 or $15.29 per share based on 20,156,813 shares outstanding. As of June 30, 2018, the Trust’s net assets were $301,508,712 or $15.07 per share based on 20,011,203 shares outstanding. As of March 31, 2019, the Trust’s net assets were $301,722,472 or $15.00 per share based on 20,120,306 shares outstanding.
The Trust’s net investment income for the quarter ended June 30, 2019 was $5,857,617 or $0.29 per share. Net investment income for the quarter ended June 30, 2018 was $6,319,243 or $0.32 per share. For the previous quarter ended March 31, 2019, net investment income was $6,291,539 or $0.31 per share. Net investment income for the six months ended June 30, 2019 was $12,149,155 or $0.60 per share, compared with $12,492,776 or $0.62 per share for the comparable period in 2018.
During the quarter ended June 30, 2019, net capital gains of $3,177,374 or $0.16 per share were realized by the Trust (compared to gains of $2,984,279 or $0.15 per share for the quarter ended June 30, 2018), bringing 2019 year-to-date net realized capital gains to 4,013,689 or $0.20 per share. During the previous quarter ended March 31, 2019, net capital gains of $836,315 or $0.04 per share were realized by the Trust.
The market price of Barings Corporate Investors as of June 30, 2019 was $15.65, which equates to a 2.35% premium over the June 30, 2019 NAV per share. The Trust’s average quarter-end premium for the 3, 5 and 10-year periods was 2.99%, 6.89% and 11.88%, respectively.
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”).
Per share amounts are rounded to the nearest cent.
Barings is a $325+ billion* global financial services firm dedicated to meeting the evolving investment and capital needs of our clients and customers. Through active asset management and direct origination, we provide innovative solutions and access to differentiated opportunities across public and private capital markets. A subsidiary of MassMutual, Barings maintains a strong global presence with business and investment professionals located across North America, Europe and Asia Pacific.
*As of June 30, 2019
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Charlotte, NC 28202