Barings Participation Investors Declares Quarterly Dividend of $0.27 per Share
October 28 2016 - 7:30PM
The Barings Participation Investors (the “Trust”) Board of Trustees
met today. The Trust’s Trustees declared a quarterly dividend of 27
cents per share payable on November 18, 2016 to shareholders of
record on November 7, 2016. The Trust paid a dividend of 27
cents per share in the preceding quarter.
The Trust’s Trustees determined that the Trust’s
net asset value as of September 30, 2016 was $141,496,822 or $13.65
per share based on 10,369,161 shares outstanding. As of September
30, 2015, the Trust’s net assets were $140,680,541 or $13.64 per
share based on 10,314,898 shares outstanding. As of June 30,
2016, the Trust’s net assets were $139,379,949 or $13.46 per share
based on 10,355,987 shares outstanding.
The Trust’s net investment income for the
quarter ended September 30, 2016 was $2,425,345 or $0.23 per
share. Net investment income for the quarter ended September
30, 2015 was $2,074,082 or $0.20 per share. For the previous
quarter ended June 30, 2016, net investment income was $2,535,594
or $0.24 per share. Net investment income for the nine months
ended September 30, 2016 was $7,213,975 or $0.70 per share,
compared with $7,314,058 or $0.71 per share for the comparable
period in 2015.
During the quarter ended September 30, 2016, net
capital gains of $733,319 or $0.07 per share were realized by the
Trust (compared to $920,100 or $0.09 per share for the quarter
ended September 30, 2015), bringing 2016 year-to-date net realized
capital gains to $923,822 or $0.09 per share. During the
previous quarter ended June 30, 2016, net capital gains of $560,492
or $0.05 per share were realized by the Trust.
The market price of Babson Capital Participation
Investors as of September 30, 2016 was $14.55, which equates to a
6.59% premium over the September 30, 2016 NAV per share. The
Trust’s average quarter-end premium for the 3, 5 and 10-year
periods was 1.52%, 8.18% and 7.38%, respectively.
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.
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 in
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 LLCBarings is a $284 billion*
global asset management firm dedicated to meeting the evolving
investment and capital needs of our clients. We build lasting
partnerships that leverage our distinctive expertise across
traditional and alternative asset classes to deliver innovative
solutions and exceptional service. A member of the MassMutual
Financial Group, Barings maintains a strong global presence with
over 1,700 employees and 600 investment professionals across 41
offices in 17 countries. Learn more at www.barings.com.
*As of September 30, 2016
16/2441
(U.S.) Brian Whelan, Barings, 980.417.7700, brian.whelan@barings.com
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