Barings Participation Investors Announces Increased Quarterly Cash Dividend of $0.34 Per Share
10 Ottobre 2023 - 10:00PM
Business Wire
The Board of Trustees of Barings Participation Investors (NYSE:
MPV) (the "Trust") today announced that it has declared a quarterly
dividend of $0.34 per share payable on November 17, 2023, to
shareholders of record on November 6, 2023.
Clifford Noreen, Chairman, stated, “We are pleased to announce
an increase of $0.02 per share to the Trust’s quarterly cash
dividend, which represents a 6.3% increase over the previous
dividend of $0.32 per share and a 70.0% increase since we started
raising the dividend from $0.20 per share approximately one year
ago. Significant growth in net investment income, due primarily to
increases in base rates for our floating rate holdings, has led the
Board of Trustees to declare the fifth consecutive increase to the
quarterly dividend, further benefiting shareholders.”
The Trust will report preliminary financial results for the
third quarter of 2023 on November 16, 2023.
About Barings Participation
Investors
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").
About Barings LLC
Barings is a $351+ billion* global investment manager sourcing
differentiated opportunities and building long-term portfolios
across public and private fixed income, real estate, and specialist
equity markets. With investment professionals based in North
America, Europe and Asia Pacific, the firm, a subsidiary of
MassMutual, aims to serve its clients, communities, and employees,
and is committed to sustainable practices and responsible
investment. Learn more at www.barings.com.
*Assets under management as of June 30, 2023
Per share amounts are rounded to the nearest cent.
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE
RESULTS
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20231010995594/en/
Media Contact: MediaRelations@barings.com
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