Barings Participation Investors Reports Preliminary Third Quarter 2024 Results
Barings Participation Investors (NYSE: MPV) reported its Q3 2024 preliminary financial results. The Trust earned $0.33 per share in net investment income, down from $0.38 in Q2. Total investment income was $4.5 million, with a net increase in assets from operations of $3.7 million ($0.34 per share). NAV decreased slightly to $15.80 from $15.82 per share.
During Q3, the Trust made nine new investments totaling $9.1 million and 33 add-on investments worth $4.0 million. The Trust realized net capital losses of $1.5 million ($0.14 per share). As of September 30, the Trust had $0.3 million in cash and $15.0 million in borrowings outstanding.
Barings Participation Investors (NYSE: MPV) ha riportato i risultati finanziari preliminari per il terzo trimestre del 2024. Il Trust ha guadagnato $0,33 per azione in reddito da investimenti netti, in calo rispetto a $0,38 del secondo trimestre. Il reddito totale da investimenti è stato di $4,5 milioni, con un aumento netto degli attivi da operazioni di $3,7 milioni ($0,34 per azione). Il NAV è diminuito leggermente a $15,80 da $15,82 per azione.
Durante il terzo trimestre, il Trust ha effettuato nove nuovi investimenti per un totale di $9,1 milioni e 33 investimenti aggiuntivi del valore di $4,0 milioni. Il Trust ha registrato perdite nette in conto capitale di $1,5 milioni ($0,14 per azione). Al 30 settembre, il Trust aveva $0,3 milioni in contante e $15,0 milioni in prestiti in essere.
Barings Participation Investors (NYSE: MPV) informó sus resultados financieros preliminares del tercer trimestre de 2024. El Trust ganó $0,33 por acción en ingresos netos por inversiones, en comparación con $0,38 en el segundo trimestre. Los ingresos totales por inversiones fueron de $4,5 millones, con un aumento neto en activos por operaciones de $3,7 millones ($0,34 por acción). El NAV disminuyó ligeramente a $15,80 de $15,82 por acción.
Durante el tercer trimestre, el Trust realizó nueve nuevas inversiones por un total de $9,1 millones y 33 inversiones adicionales por un valor de $4,0 millones. El Trust contabilizó pérdidas netas de capital de $1,5 millones ($0,14 por acción). Al 30 de septiembre, el Trust tenía $0,3 millones en efectivo y $15,0 millones en préstamos pendientes.
Barings Participation Investors (NYSE: MPV)는 2024년 3분기 예비 재무 결과를 보고했습니다. 이 신탁은 순 투자 소득으로 $0.33 per share를 기록했으며, 2분기에는 $0.38였습니다. 총 투자 소득은 $4.5백만 달러였으며, 운영에서의 자산 순 증가는 $3.7백만 달러 ($0.34 per share)입니다. NAV는 약간 감소하여 $15.80에서 $15.82로 떨어졌습니다.
3분기 동안, 이 신탁은 총 $9.1백만 달러의 신규 투자를 9건 진행하고, 추가로 $4.0백만 달러의 33건의 투자도 진행했습니다. 이 신탁은 $1.5백만 달러($0.14 per share)의 순 자본 손실을 실현했습니다. 9월 30일 기준, 이 신탁은 $0.3백만 달러의 현금과 $15.0백만 달러의 미지급 대출을 보유하고 있었습니다.
Barings Participation Investors (NYSE: MPV) a annoncé ses résultats financiers préliminaires pour le troisième trimestre de 2024. Le Trust a gagné $0,33 par action en revenu net d'investissement, contre $0,38 au deuxième trimestre. Les revenus totaux d'investissement se sont élevés à $4,5 millions, avec une augmentation nette des actifs provenant des opérations de $3,7 millions ($0,34 par action). La NAV a légèrement diminué à $15,80 contre $15,82 par action.
Au cours du 3ème trimestre, le Trust a réalisé neuf nouveaux investissements totalisant $9,1 millions et 33 investissements additionnels d'une valeur de $4,0 millions. Le Trust a enregistré des pertes nettes en capital de $1,5 million ($0,14 par action). Au 30 septembre, le Trust avait $0,3 million de liquidités et $15,0 millions d'emprunts en cours.
Barings Participation Investors (NYSE: MPV) hat seine vorläufigen finanziellen Ergebnisse für das 3. Quartal 2024 bekannt gegeben. Der Trust erzielte $0,33 pro Aktie an Nettoeinkünften aus Investitionen, ein Rückgang von $0,38 im 2. Quartal. Die gesamten Erträge aus Investitionen betrugen $4,5 Millionen, mit einer Nettosteigerung der Vermögenswerte aus dem Geschäft von $3,7 Millionen ($0,34 pro Aktie). Der NAV sank leicht auf $15,80 von $15,82 pro Aktie.
Im 3. Quartal tätigte der Trust neun neue Investitionen in Höhe von insgesamt $9,1 Millionen und 33 Zusatzinvestitionen im Wert von $4,0 Millionen. Der Trust verzeichnete netto Kapitalverluste von $1,5 Millionen ($0,14 pro Aktie). Zum 30. September verfügte der Trust über $0,3 Millionen in bar und $15,0 Millionen ausstehenden Darlehen.
- Made nine new investments totaling $9.1 million
- Net increase in assets from operations of $3.7 million
- Maintained dividend despite market conditions
- Net investment income decreased from $0.38 to $0.33 per share QoQ
- Net capital losses of $1.5 million in Q3
- NAV per share declined from $15.82 to $15.80
- Quarterly dividend payment exceeded net investment income by $0.04 per share
Insights
The Q3 2024 results reveal mixed performance for Barings Participation Investors. Net investment income decreased to
Portfolio activity shows active management with nine new investments totaling
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(1) All figures for 2024 are unaudited |
(2) September 30, 2024 figures net of less than |
(3) September 30, 2024 figures net of less than |
(4) Based on shares outstanding at the end of the period of 10,641,293 |
(5) Based on shares outstanding at the end of the period of 10,660,747 |
Key Highlights:
Commenting on the quarter, Christina Emery, President, stated, "The Trust earned
During the three months ended September 30, 2024, the Trust reported total investment income of
Net asset value ("NAV") per share as of September 30, 2024, was
The next scheduled meeting of the Board of Trustees will be held on December 12, 2024.
Recent Portfolio Activity
During the three months ended September 30, 2024, the Trust made nine new investments totaling
Liquidity and Capitalization
As of September 30, 2024, the Trust had cash and short-term investments of
Net Capital Gains
The Trust realized net capital losses of
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
*Assets under management as of September 30, 2024
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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Source: Barings Participation Investors
FAQ
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