Babson Capital Corporate Investors Reports Earnings Results for the Fourth Quarter and Year Ended December 31, 2015
January 22, 2016 at 07:30 pm
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Babson Capital Corporate Investors reported earnings results for the fourth quarter and year ended December 31, 2015. For the quarter ended December 31, 2015, net investment income was $5,483,225 or $0.28 per share, of which approximately $293,507 or $0.01 per share represented income due to nonrecurring items. For the quarter ended December 31, 2014, net investment income was $5,692,688 or $0.29 per share. The Trust realized net capital losses of $1,572,135 or $0.08 per share during the quarter ended December 31, 2015. During the quarter ended September 30, 2015, the Trust realized net capital gains of $3,296,683 or $0.17 per share.
Net investment income for the year ended December 31, 2015, was $20,771,820 or $1.06 per share. This represents a decrease from the year ended December 31, 2014, when net investment income was $24,034,172 or $1.19 per share. The company realized net capital gains for the year ended December 31, 2015 of $2,863,085 or $0.15 per share. By comparison, for the year ended December 31, 2014 the Trust realized net capital gains of $12,879,730 or $0.66 per share. Estimated taxable income of the Trust exceeded net investment income reported in accordance with generally accepted accounting principles ("GAAP") by $3,000,000 or $0.15 per share, for the year ended December 31, 2015. For the year ended December 31, 2015, the Trust's estimated taxable capital loss was $606,366 or $0.03 per share, as compared to GAAP realized capital gains of $2,863,085 or $0.15 per share.
Barings Corporate Investors (the Trust) is a closed-end management investment company. The Trust's investment objective is to maintain a portfolio of securities providing a current yield and, when available, an opportunity for capital gains. The Trust's principal investments are privately placed, below-investment grade, long-term debt obligations including bank loans and mezzanine debt instruments. Such private placement securities may, in some cases, be accompanied by equity features such as common stock, preferred stock, warrants, conversion rights, or other equity features. The Trust purchases these investments, which are not publicly tradable, directly from their issuers in private placement transactions. In addition, the Trust may invest, subject to certain limitations, in marketable debt securities (including high yield and/or investment grade securities) and marketable common stocks. The Trust's investment adviser is Barings LLC.
BARINGS CORPORATE INVESTORS 
