Babson Capital Corporate Investors Will Change its Name to Barings Corporate Investors Effective on September 12, 2016
September 07 2016 - 10:22AM
The Board of Trustees of Babson Capital Corporate Investors (the
“Trust”) today announced that the Trust will change its name to
Barings Corporate Investors effective on September 12, 2016.
The name change is intended to clarify the Trust’s relationship to
Babson Capital Management LLC (“Babson Capital”), its investment
adviser, which concurrently is changing its name to Barings
LLC. The name changes are being effected in connection with
Babson Capital’s previously-announced combination with two of its
subsidiaries, Cornerstone Real Estate Advisers LLC and Wood Creek
Capital Management, LLC, and its sister company, Baring Asset
Management Limited. This internal consolidation will not
result in a change-of-control of Babson Capital under Rule 2a-6 of
the Investment Company Act of 1940.
The investment objectives, management and all
other aspects of the Trust will remain unchanged. The New York
Stock Exchange ticker symbol for the Trust’s common shares (MCI)
will remain the same.
Babson Capital Corporate Investors is a
closed-end management investment company advised by Babson Capital
Management LLC, a member of the MassMutual Financial Group. Its
shares are traded on the New York Stock Exchange under the trading
symbol (“MCI”).
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.
Contact:
Brian Whelan,
Babson Capital Management,
704.805.7244,
bwhelan@babsoncapital.com
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