CHARLOTTE, N.C., April 25, 2018 (GLOBE NEWSWIRE) -- The Board of Trustees of Barings Corporate Investors (the "Trust") met on April 25, 2018.  The Trust also conducted its 2018 Annual Meeting of Shareholders.  

The Trust’s Trustees determined that the Trust’s March 31, 2018 net asset value ("NAV") is $304,788,145 or $15.26 per share based on 19,975,363 shares outstanding. The Trust's March 31, 2017 NAV was $292,381,934 or $14.74 per share based on 19,830,088 shares outstanding.  The Trust reported a NAV of $303,527,308 or $15.22 per share as of December 31, 2017, based on 19,939,864 shares outstanding. All figures other than December 31, 2017 figures are unaudited.

The Trust’s net investment income for the quarter ended March 31, 2018 was $6,173,533 or $0.31 per share, compared to $6,473,792 or $0.33 per share, of which approximately $810,935 or $0.04 per share represented income due to nonrecurring items for the quarter ended March 31, 2017. For the previous year ended December 31, 2017, net investment income was $25,339,425 or $1.27 per share, of which approximately $2,986,867 or $0.15 per share represented income due to nonrecurring items.

The Trust declared a quarterly dividend of 30 cents per share payable on May 18, 2018 to shareholders of record on May 7, 2018.  The Trust had previously paid a 30 cent-per-share dividend for the preceding quarter.   The Board of Trustees also approved the continuance of the Trust’s current Investment Services Contract with Barings LLC.

During the quarter ended March 31, 2018 net capital gains of $4,756,310 or $0.24 per share were realized by the Trust, compared to net capital gains of $686,282 or $0.03 per share for the quarter ended March 31, 2017. For the previous quarter ended December 31, 2017, net capital gains of $4,344,168 or $0.22 per share.

At the Annual Meeting, shareholders elected Edward P. Grace III and Clifford M. Noreen as Trustees for three-year terms.

The market price of Barings Corporate Investors as of March 31, 2018 was $15.10, which equates to a 1.05% discount to the March 31, 2018 NAV per share.  The Trust’s average quarter-end premium for the 3, 5 and 10-year periods was 9.36%, 8.57% and 11.07%, 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.

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.

The name Barings Participation Investors is the designation of the Trustees under a Declaration of Trust dated April 7, 1988, as amended from time to time. The name Barings Corporate Investors is the designation of the Trustees under a Declaration of Trust dated September 13, 1985, as amended from time to time. The obligations of such Trusts are not binding upon, nor shall resort be had to the property of, any of the Trustees, shareholders, officers, employees or agents of such Trusts Individually, but the Trusts’ assets and property only shall be bound.
                                                                                                                                               
About Barings
Barings is a $305+ billion* global financial services 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. Part of MassMutual, Barings maintains a strong global presence with over 1,800 professionals and offices in 16 countries. Learn more at www.barings.com.

*As of March 31, 2018


Brian Whelan, Barings, 704.805.7244, brian.whelan@barings.com

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