Barings Corporate Investors (MCI) officer updates non-qualified thrift plan exposure

Rhea-AI Filing Summary

Barings Corporate Investors reported an insider compensation transaction involving its non-qualified thrift plan. On 12/24/2025, an officer serving as President adjusted deferred compensation through the Barings Non-Qualified Thrift Plan, which is treated as a derivative security tied to the market value of Barings Corporate Investors common shares.

The plan entry shows 37.7608 derivative units at a reference price of $19.9 per share equivalent, with a total of 5,094.9363 such derivative units beneficially owned after the transaction. These plan interests are entirely notional, exercisable only upon termination, retirement, or other permitted plan events, and do not represent actual ownership of common shares; instead, they track the value of an investment option based on the company’s common shares, including reinvested dividends.

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)
12/24/2025

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)	12/24/2025		J(2)		37.7608		(1)	(1)	Common Shares ("Shares of Beneficial Interest")	37.7608	$19.9	5,094.9363	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	12/26/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

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

The filing reports a transaction on 12/24/2025 in which an officer who is President adjusted deferred compensation through the Barings Non-Qualified Thrift Plan, a derivative arrangement tied to the value of Barings Corporate Investors common shares.

How many Barings Non-Qualified Thrift Plan derivative units are shown in the filing for MCI?

The reported transaction involves 37.7608 derivative units in the Barings Non-Qualified Thrift Plan, with a total of 5,094.9363 derivative units beneficially owned following the transaction.

Does the non-qualified plan give actual share ownership in Barings Corporate Investors (MCI)?

No. The filing explains that the plan interests are entirely notional. Neither the plans nor the participants have an actual ownership interest in Barings Corporate Investors common shares; the value is derived from an investment option linked to the market value of the common shares and reinvested dividends.

When can the Barings Non-Qualified Thrift Plan derivative interests related to MCI be exercised?

According to the disclosure, the derivative interests are exercisable only upon termination, retirement, or other plan permitted events. Plan holdings may be liquidated and reallocated into other plan investment options by the participant.

How is deferred compensation allocated in the Barings non-qualified plans tied to MCI?

The filing states that certain officers may defer a portion of their compensation into non-qualified compensation deferral plans. Deferred amounts are allocated among one or more investment options, including an option that derives its value from the market value of Barings Corporate Investors common shares and includes the value of reinvested dividends.

What is the reference price used for the Barings Non-Qualified Thrift Plan derivative units linked to MCI?

The derivative entry in the table shows a price of $19.9 per share equivalent for the Barings Non-Qualified Thrift Plan interests tied to Barings Corporate Investors common shares.