[Form 4] BARINGS CORPORATE INVESTORS Insider Trading Activity

Rhea-AI Filing Summary

Noreen Clifford M, identified as Director and Chairman of Fund for Barings Corporate Investors (MCI), reported a sale and plan-related holdings on a Form 4. On 09/17/2025 she disposed of 20,000 common shares. The filing also reports notional plan holdings of 9,281.34 shares under a Barings Non-Qualified Thrift Plan at a unit value of $22.84, which are not actual share ownership but reflect the plan’s investment option value. After the reported transactions, the Form 4 shows 315,565.6007 common shares beneficially owned (direct).

Positive

• Clear compliance with Section 16 disclosure, including explanatory remarks for plan-derived holdings
• Substantial continuing direct ownership of 315,565.6007 shares remains after the transaction

Negative

• Disposition of 20,000 common shares on 09/17/2025 was reported
• Plan holdings are not actual shares; described as notional and exercisable only upon termination/retirement

Insights

Financial Analyst

TL;DR: Officer/director sale of 20,000 shares reported; substantial remaining direct stake remains on record.

The Form 4 documents a reported disposition of 20,000 common shares on 09/17/2025 by an insider who serves as Director and Chairman of Fund. The filing shows a large continuing direct beneficial ownership position of 315,565.6007 shares, indicating ongoing material exposure to the issuer. The filing discloses notional plan holdings (9,281.34 shares) tied to a non-qualified compensation deferral plan valued at $22.84 per unit, which do not represent legal title to shares. Overall, this is routine Section 16 disclosure rather than a corporate-event filing.

Corporate Governance Expert

TL;DR: Disclosure meets Section 16 requirements; sale and plan-based notional holdings are clearly described.

The form identifies the reporting person’s roles and properly discloses both a direct disposition and plan-derived notional holdings. The remarks clarify that the deferred compensation arrangements provide only economic exposure without legal ownership of shares. The filing is signed by an attorney-in-fact, consistent with permitted reporting practice. From a governance standpoint, the document is a standard insider transaction disclosure with adequate explanatory footnotes.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

NOREEN CLIFFORD M

(Last) (First) (Middle)

C/O BARINGS LLC

300 SOUTH TRYON STREET, SUITE 2500

(Street)

CHARLOTTE NC 28202

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BARINGS CORPORATE INVESTORS [ MCI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chairman of Fund

3. Date of Earliest Transaction (Month/Day/Year)
09/17/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Shares ("Shares of Beneficial Interest")								20,000	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Barings Non-Qualified Thrift Plan	(1)	09/17/2025		S(2)			9,281.34	(1)	(1)	Common Shares ("Shares of Beneficial Interest")	9,281.34	$22.84	315,565.6007	D

Explanation of Responses:

1. Exercisable only upon termination, retirement, or other plan permitted event. Plan holdings may be "liquidated" and reallocated into other plan investment options by the plan participant. The derivative has no actual securities underlying the plan agreement, which is entirely notional.

2. Barings LLC (fka Babson Capital Management LLC) and Massachusetts Mutual Life Insurance Company each offer a non-qualified compensation deferral plan where certain officers are permitted to defer a portion of their compensation into the plans. Deferred compensation into a plan is allocated among one or more investment options at the election of the plan participant. Each plan has an investment option that derives its value from the market value of Barings Corporate Investors' common shares (and includes the value of reinvested dividends). However, pursuant to the terms of the plans, neither the plans nor the participants have an actual ownership interest in the common shares. The shares beneficially owned include the number of shares of Barings Corporate Investors represented by the value of the Barings Corporate Investors investment option under the plan held by the plan participant.

Remarks:

Barings LLC (fka Babson Capital Management LLC) and Massachusetts Mutual Life Insurance Company each offer a non-qualified compensation deferral plan where certain officers are permitted to defer a portion of their compensation into the plans. Deferred compensation into a plan is allocated among one or more investment options at the election of the plan participant. Each plan has an investment option that derives its value from the market value of Barings Corporate Investors' common shares (and includes the value of reinvested dividends). However, pursuant to the terms of the plans, neither the plans nor the participants have an actual ownership interest in the common shares. The shares beneficially owned include the number of shares of Barings Corporate Investors represented by the value of the Barings Corporate Investors investment option under the plan held by the plan participant.

	Stacy Standridge, as Attorney-in-fact	09/18/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What did the Form 4 for MCI filed by Noreen Clifford report?

The Form 4 reports a disposition of 20,000 common shares on 09/17/2025 and continuing beneficial ownership of 315,565.6007 shares.

What is the relationship of the reporting person to MCI?

The filing lists the reporting person as a Director, Officer and Chairman of Fund.

What are the 9,281.34 shares shown under the Barings Non-Qualified Thrift Plan?

They are notional plan holdings valued at $22.84 per unit, reflecting a deferred compensation investment option and do not represent actual share ownership.

When was the Form 4 signed and by whom?

The filing is signed by Stacy Standridge, as Attorney-in-fact on 09/18/2025.

Does the filing indicate multiple reporting persons?

No; the form indicates it was filed by one reporting person.

Are the plan-based derivative holdings exercisable immediately?

No; the remarks state they are exercisable only upon termination, retirement, or other plan-permitted events and are wholly notional.