The Board of Trustees of the Barings Participation Investors appointed Christopher Hanscom as Chief Financial Officer of the Trust, effective as of the close of business on December 16, 2022. Mr. Hanscom will succeed Jonathan Bock, who notified the Trust on December 9, 2022 that he will step down as the Trust's Chief Financial Officer, effective as of the close of business on December 16, 2022, to pursue other business opportunities.