Barings Participation Investors Reports Unaudited Earnings Results for the Fourth Quarter and Full Year Ended of December 31, 2017
January 19, 2018 at 04:30 pm EST
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Barings Participation Investors reported unaudited earnings results for the fourth quarter and full year ended of December 31, 2017. For the quarter ended December 31, 2017, net investment income was $836,887 or $0.27 per share, of which approximately $238,031 or $0.02 per share represented income due to nonrecurring items. For the quarter ended December 31, 2016, net investment income was $3,121,757 or $0.30 per share, of which approximately $376,441 or $0.04 per share represented income due to nonrecurring items. The Trust earned net investment income of $2,629,867 or $0.25 per share during the quarter ended September 30, 2017.
For the year, the company reported net investment income was $11,437,868 or $1.09 per share, of which approximately $1,342,134 or $0.13 per share represented income due to nonrecurring items. This represents an increase from the year ended December 31, 2016, when net investment income was $10,380,957 or $1.00 per share, of which approximately $287,232 or $0.03 per share represented income due to nonrecurring items.
Barings Participation Investors (the Trust) is a closed-end management investment company. The Trust's investment objective is to maintain a portfolio of securities providing a current yield and, when available, an opportunity for capital gains. The Trust's principal investments are privately placed, below-investment grade, long-term debt obligations including bank loans and mezzanine debt instruments. Such direct placement securities may, in some cases, be accompanied by equity features such as common stock, preferred stock, warrants, conversion rights, or other equity features. The Trust purchases the investments, which are not publicly tradable, directly from their issuers in private placement transactions. In addition, the Trust may invest in marketable debt securities (including high yield and/or investment grade securities) and marketable common stock. The investment advisor of the Trust is Barings LLC.
BARINGS PARTICIPATION INVESTORS 
