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MCI

Barings Corporate Investors

MCI

Barings Corporate Investors • NYSE
$20.85 ▼ -0.67% (-0.14)
Market Cap $426.75 M
52w High $25.24
52w Low $18.60
Dividend Yield 1.70%
P/E 13.28
Volume 8.96K
Outstanding Shares 20.47M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $9.155M $1.455M $6.656M 72.705% $0.33 $0
Q1-2025 $9.155M ▼ $1.455M ▲ $6.656M ▼ 72.705% ▼ $0.33 ▼ $0
Q4-2024 $11.374M $1.434M $9.328M 82.012% $0.46 $0
Q3-2024 $11.374M ▲ $1.434M ▼ $9.328M ▲ 82.012% ▼ $0.46 ▲ $0
Q2-2024 $10.27M $1.439M $8.463M 82.405% $0.42 $0

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $11.792M $400.537M $50.493M $350.043M
Q1-2025 $11.792M ▼ $400.537M ▼ $50.493M ▼ $350.043M ▲
Q4-2024 $17.202M $406.243M $62.68M $343.563M
Q3-2024 $17.202M ▲ $406.243M ▲ $62.68M ▲ $343.563M ▼
Q2-2024 $11.935M $382.498M $32.386M $350.112M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $6.656M $4.553M $0 $-7.258M $0 $4.553M
Q1-2025 $6.656M ▼ $4.553M ▲ $0 $-7.258M ▼ $0 $4.553M ▲
Q4-2024 $9.328M $1.81M $0 $824.372K $0 $1.81M
Q3-2024 $9.328M ▲ $1.81M ▼ $0 $824.372K ▲ $0 ▲ $1.81M ▼
Q2-2024 $8.463M $12.259M $0 $-13.727M $-1.468M $12.259M

Five-Year Company Overview

Income Statement

Income Statement Earnings have been consistently positive over the last several years, but not smooth. Results swing with credit markets, which is normal for a private credit fund. There was a dip a few years ago and a particularly strong year shortly after, followed by more moderate but steady earnings. Overall, income levels suggest a portfolio that is working as intended, with occasional bumps tied to realized gains, credit events, and valuation changes across the underlying loans and equity kickers.

Balance Sheet

Balance Sheet The balance sheet looks solid and conservative for a closed‑end credit fund. Assets have inched up over time, and shareholder equity makes up the bulk of the capital base, indicating modest use of leverage rather than an aggressive borrowing stance. Cash balances are relatively small but stable, which is typical for a fully invested credit vehicle. Overall, the structure points to a steady, long‑term lending portfolio backed by a strong equity cushion.

Cash Flow

Cash Flow Cash generation appears healthy and straightforward. Operating cash flow has generally been positive, with very little required for capital spending, so free cash flow closely tracks operating cash flow. That’s what you’d expect from an investment fund: capital is deployed into loans and equity positions rather than into physical assets. Periods where operating cash flow was flat likely reflect timing of interest receipts, repayments, and new investments rather than structural weakness.

Competitive Edge

Competitive Edge MCI occupies a specialized niche: giving public investors access to private, middle‑market credit that is usually reserved for institutions. Its long history in this space, combined with deep relationships with private equity sponsors, provides a steady pipeline of proprietary deals that are harder for newer entrants to replicate. Being managed within the broader Barings platform adds scale, expertise, and global reach, further strengthening its position. The main competitive risks are the growing number of private credit players chasing similar opportunities and the sensitivity of its portfolio to credit cycles and broader economic conditions.

Innovation and R&D

Innovation and R&D Innovation here is about investment structure and process rather than technology. MCI has refined a direct‑lending, relationship‑driven approach over decades, often adding equity features to its debt investments to capture upside, which is a distinctive design choice. Its connection to Barings supports ongoing enhancements in credit analysis, portfolio construction, and risk management. While there is no conventional R&D lab, the fund’s edge comes from continuously improving how it sources, structures, and monitors complex private deals.

Summary

MCI presents as a seasoned, niche private credit vehicle with a long operating history, generally steady profitability, and a conservative balance sheet. Earnings can be bumpy year to year, reflecting the nature of private credit and equity‑linked positions, but the overall pattern is of a portfolio that has held up across different market conditions. The fund’s strengths lie in its sponsor relationships, access to proprietary deal flow, and backing by Barings, while key watchpoints include credit quality in the underlying borrowers, the competitive intensity in private credit, interest‑rate dynamics, and how its share price compares to the value of the underlying portfolio.

NEWS

November 13, 2025 · 3:30 PM UTC

Barings Corporate Investors Reports Preliminary Third Quarter 2025 Results

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October 9, 2025 · 3:00 PM UTC

Barings Corporate Investors Announces Quarterly Cash Dividend Of $0.40 Per Share

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