Barings Corporate Investors (MCI) chair reports sale of 9,877 thrift plan units

Rhea-AI Filing Summary

Barings Corporate Investors director and fund chairman Noreen M. Clifford reported an open-market sale linked to the company’s non-qualified thrift plan. She sold 9,877 derivative units tied to Common Shares ("Shares of Beneficial Interest") at $17.62 per unit.

After this transaction, her Barings Non-Qualified Thrift Plan balance was 306,186.9162 notional units, and she also reported 20,000 Common Shares held directly. The plan position is entirely notional and is exercisable only upon termination, retirement, or other permitted events, with holdings that may be reallocated among plan investment options.

Insider Trade Summary

Net Seller: 9,877 shares ($174,033)

Net Sell 2 txns

Insider NOREEN CLIFFORD M

Role Chairman of Fund

Sold 9,877 shs ($174K)

Type	Security	Shares	Price	Value
Sale	Barings Non-Qualified Thrift Plan	9,877	$17.62	$174K
holding	Common Shares ("Shares of Beneficial Interest")	--	--	--

Holdings After Transaction: Barings Non-Qualified Thrift Plan — 306,186.916 shares (Direct, null); Common Shares ("Shares of Beneficial Interest") — 20,000 shares (Direct, null)

Footnotes (1)

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Key Figures

Derivative units sold: 9,877 units Sale price per unit: $17.62 per unit Thrift plan units after sale: 306,186.9162 units +1 more

4 metrics

Derivative units sold 9,877 units Barings Non-Qualified Thrift Plan sale on June 17, 2026

Sale price per unit $17.62 per unit Open-market sale of thrift plan derivative units

Thrift plan units after sale 306,186.9162 units Notional Barings Non-Qualified Thrift Plan balance following transaction

Direct common shares held 20,000 shares Common Shares ("Shares of Beneficial Interest") held directly after transactions

Key Terms

Barings Non-Qualified Thrift Plan, Shares of Beneficial Interest, open-market sale, notional

4 terms

Barings Non-Qualified Thrift Plan financial

"The Form 4 lists a derivative security titled "Barings Non-Qualified Thrift Plan"."

Shares of Beneficial Interest financial

"Security title appears as Common Shares ("Shares of Beneficial Interest")."

open-market sale financial

"The transaction action is described as an open-market sale."

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

notional financial

"The derivative has no actual securities underlying the plan agreement, which is entirely notional."

Notional refers to the reference amount used to calculate payments or measure the size of a financial contract, without representing actual cash that changes hands. For investors it shows the scale of exposure — like the mileage used to compute a car rental bill even though you don’t buy the miles themselves — and helps compare risk and potential gains or losses across instruments.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/18/2026 - 10:58 AM Accepted by SEC EDGAR 06/18/2026 - 10:57 AM Learn about SEC filing dates

FAQ

What insider transaction did MCI’s Noreen M. Clifford report on this Form 4?

Noreen M. Clifford reported an open-market sale related to the Barings Non-Qualified Thrift Plan. She sold 9,877 derivative units tied to Common Shares ("Shares of Beneficial Interest") at $17.62 per unit, as disclosed in the filing’s transaction details.

How many Barings Non-Qualified Thrift Plan units does MCI’s chairman hold after the transaction?

Following the reported sale, Noreen M. Clifford’s Barings Non-Qualified Thrift Plan balance was 306,186.9162 notional units. This figure reflects her remaining plan position after selling 9,877 units in the transaction dated June 17, 2026.

What direct share holdings did Noreen M. Clifford report in MCI after this Form 4?

The Form 4 shows Noreen M. Clifford directly holding 20,000 Common Shares ("Shares of Beneficial Interest") following the reported transactions. This holding entry is separate from her notional balance in the Barings Non-Qualified Thrift Plan disclosed in the same report.

Is the Barings Non-Qualified Thrift Plan position in MCI based on actual shares?

According to the footnote, the Barings Non-Qualified Thrift Plan position is entirely notional and has no actual securities underlying the plan agreement. It is exercisable only upon termination, retirement, or other permitted events, and holdings may be reallocated among plan investment options.

What was the transaction price in Noreen M. Clifford’s MCI thrift plan sale?

The reported open-market sale of 9,877 Barings Non-Qualified Thrift Plan derivative units tied to MCI Common Shares was executed at a transaction price of $17.62 per unit, as indicated in the Form 4 transaction table for the derivative security.

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

NOREEN CLIFFORD M

(Last) (First) (Middle)

C/O BARINGS LLC

300 SOUTH TRYON STREET, SUITE 2500

(Street)

CHARLOTTE NORTH CAROLINA 28202

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/17/2026

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

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

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

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)	06/17/2026		S			9,877	(1)	(1)	Common Shares ("Shares of Beneficial Interest")	9,877	$17.62	306,186.9162	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.

	Stacy Standridge, as Attorney-in-fact	06/18/2026
	** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)