Clifford M. Noreen - Sep 17, 2024 Form 4 Insider Report for BARINGS CORPORATE INVESTORS (MCI)

Role
Chairman of Fund, Director
Signature
Bridget Orlando, as attorney-in-fact
Stock symbol
MCI
Transactions as of
Sep 17, 2024
Transactions value $
-$164,620
Form type
4
Date filed
9/19/2024, 02:11 PM
Previous filing
Jun 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding MCI Common Shares ("Shares of Beneficial Interest") 20K Sep 17, 2024 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MCI Barings Non-Qualified Thrift Plan Sale -$165K -8.55K -2.56% $19.25 325K Sep 17, 2024 Common Shares ("Shares of Beneficial Interest") 8.55K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.

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.