Babson Capital Participation Investors Declares Quarterly Dividend, Payable on May 13, 2016; Announces Executive Changes
The company announced that Robert M. Shettle will succeed Michael L. Klofas as President of the Trust effective June 1, 2016. At the Trust's Annual Meeting of Shareholders, Mr. Klofas announced that he is retiring from Babson Capital and as President of the Trust, effective June 1st. Mr. Shettle is currently head of Babson's Mezzanine and Private Equity Group, where he focuses on originating, analyzing, structuring and documenting mezzanine and private equity investments. He also serves as a Vice President of the Trust and is engaged in the management of the Trust.