Barings Corporate Investors (NYSE: MCI) discloses Form 4 deferred plan transaction

Rhea-AI Filing Summary

Barings Corporate Investors reported a Form 4 for its President, reflecting activity in a deferred compensation plan tied to the company’s common shares. On 11/26/2025, a transaction coded “J” involved 35.7999 derivative securities in the Barings Non-Qualified Thrift Plan at a reference price of $20.99, resulting in 5,020.5199 derivative securities beneficially owned directly after the transaction.

The plan is a non-qualified compensation deferral arrangement where certain officers may defer pay into investment options, including one that tracks the market value and reinvested dividends of Barings Corporate Investors’ common shares. The filing explains that these plan interests are entirely notional, exercisable only upon termination, retirement, or other permitted events, and do not represent actual ownership of common shares.

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).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Emery Christina

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President

3. Date of Earliest Transaction (Month/Day/Year)
11/26/2025

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

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)	11/26/2025		J(2)		35.7999		(1)	(1)	Common Shares ("Shares of Beneficial Interest")	35.7999	$20.99	5,020.5199	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.

	Stacy Standridge, as Attorney-in-fact	11/28/2025
	** 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).
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FAQ

What did Barings Corporate Investors (MCI) report in this Form 4?

The company reported a Form 4 for its President showing a transaction in a non-qualified deferred compensation plan on 11/26/2025, affecting derivative interests linked to the value of its common shares.

How many derivative securities are now beneficially owned under the plan?

Following the reported transaction, the President beneficially owns 5,020.5199 derivative securities in the Barings Non-Qualified Thrift Plan.

What was the size and price of the latest derivative transaction for MCI’s officer?

The transaction coded “J” involved 35.7999 derivative securities at a reference price of $20.99 in the Barings Non-Qualified Thrift Plan.

Does the deferred compensation plan give actual ownership of Barings Corporate Investors (MCI) shares?

No. The filing states that the plan interests are entirely notional and that neither the plan nor participants have an actual ownership interest in the common shares.

When are the derivative interests in the Barings Non-Qualified Thrift Plan exercisable?

The filing notes that the derivatives are exercisable only upon termination, retirement, or other permitted plan events.

How is the value of the plan’s Barings Corporate Investors option determined?

The investment option’s value is based on the market value of Barings Corporate Investors’ common shares and includes the value of reinvested dividends, but remains notional.