Barings Corporate Investors

MCI

Market cap $408M

For those who adopt a dividend strategy, having a “thermometer” with which to measure the real performance of our stocks is an immense advantage. This thermometer is NAV, a simple line on a graph that anyone can observe and understand without the need for calculations or interpretations. If it grows over the years, it means that the security earned its distributions: if it goes down, it means that it paid them at the expense of NAV.

CHARLOTTE, N.C.--(BUSINESS WIRE)--The Board of Trustees of Barings Corporate Investors (NYSE: MCI) (the "Trust") today announced that it has declared a quarterly dividend of $0.40 per share payable on November 14, 2025, to shareholders of record on November 3, 2025. The Trust will report preliminary financial results for the third quarter of 2025 on November 13, 2025. About Barings Corporate Investors Barings Corporate Investors is a closed-end management investment company advised by Barings L.

Barings Corporate Investors offers a 7.7% yield from a diversified, primarily floating-rate, below-investment-grade credit portfolio, supporting reliable income. MCI trades at a 20.94% premium to NAV, near decade highs, prompting a continued hold rating despite strong historical returns and capital preservation. MCI's income is well-supported by net investment income, but future distributions may be pressured if interest rates decline, given the floating-rate exposure.

Steven Bavaria, from Inside the Income Factory, discusses credit assets like high-yield bonds, senior loans, and BDCs for stable, high-yield income, favoring closed-end funds for their resilience and discounts. Expense ratios for BDC ETFs like PBDC appear high due to accounting rules, but actual fund expenses are low—professional management adds only about 0.4%.

Caring about dividends can increase our returns, but caring about NAV can save our portfolio. Return and NAV protection must go hand in hand, because there can be no sustainable return without protecting the value of the underlying assets. As far as I am concerned, the way to protect my portfolio is to favor only securities with a positive NAV over time.

CHARLOTTE, N.C.--(BUSINESS WIRE)--The Board of Trustees of Barings Corporate Investors (NYSE: MCI) (the "Trust") met on August 14, 2025, and would like to report its preliminary financial results for the second quarter of 2025. Financial Highlights(1) Three Months Ended June 30, 2025   Three Months Ended March 31, 2025   Total Amount   Per Share(5)   Total Amount   Per Share(4) Net investment income(2) $ 7,161,484   $ 0.35   $ 7,057,100   $ 0.35 Net realized gains / (losses)(3) $ 1,923,690   $.

Barings Corporate Investors is a closed-end fund investing in privately placed, below-investment-grade, long-term debt, with a strong 50-year performance record. The fund's low leverage, decent yield, and excellent past performance make it a great bond fund to hold for the long term. However, the current premium is extremely high compared to its long-term record and makes it unattractive at the current prices.

CHARLOTTE, N.C.--(BUSINESS WIRE)--The Board of Trustees of Barings Corporate Investors (NYSE: MCI) (the "Trust") met on May 15, 2025, and would like to report its preliminary financial results for the first quarter of 2025. Financial Highlights(1) Three Months Ended March 31, 2025 Three Months Ended December 31, 2024   Total Amount Per Share(5) Total Amount Per Share(4) Net investment income(2) $ 7,057,100 $ 0.35 $ 10,560,460 $ 0.52 Net realized gains / (losses)(3) $ (4,509,539) $ (0.22) $ 2,48.

Barings Corporate Investors offers a high dividend yield of 7.8%, leveraging a higher interest rate environment to generate elevated income from diverse debt investments. MCI's portfolio is heavily weighted towards private bank loans (72.4%) and has significant exposure to technology, industrial, and healthcare sectors. The fund's floating rate debt structure benefits from high interest rates but poses risks if rates drop or borrower defaults increase.

Total Return can be misleading if not supported by NAV growth, as it may include unsustainable distributions and Return of Capital. Behavioral finance shows markets are irrational, making it crucial to consider practical aspects beyond theoretical Total Return calculations. I believe that NAV performance can affect our discretion in the reinvestment choices for the distributions we receive from our savings much more than Total Return.