The Board of Trustees of Barings Corporate Investors (NYSE:MCI) (the "Trust") met on February 26, 2026, and would like to report its preliminary financial results for the fourth quarter of 2025.

Financial Highlights⁽¹⁾	Three Months Ended December 31, 2025				Three Months Ended September 30, 2025
	Total Amount		Per Share⁽⁵⁾		Total Amount			Per Share⁽⁴⁾
Net investment income⁽²⁾	$	6,033,700	$	0.29	$	7,077,259		$	0.35
Net realized gains / (losses)⁽³⁾	$	199,709	$	0.01	$	577,945		$	0.03
Net unrealized appreciation / (depreciation)	$	986,805	$	0.05	$	(419,454	)	$	(0.02	)
Net increase in net assets resulting from operations	$	7,589,609	$	0.37	$	7,152,247		$	0.35

Total net assets (equity)	$	341,296,818	$	16.63	$	349,561,601		$	17.05

(1)	All figures for 2025 are unaudited
(2)	December 31, 2025 figures net of approximately $0.03 per share of excise tax
(3)	December 31, 2025 figures net of approximately $0.01 per share of capital gains tax
(4)	Based on shares outstanding at the end of the period of 20,498,532
(5)	Based on shares outstanding at the end of the period of 20,525,807

Key Highlights:

Commenting on the year, Christina Emery, President, stated, "The Trust earned $1.33 per share of investment income, net of taxes, during 2025. Both credit quality and capital structure of portfolio companies are key factors in our analysis, along with the quality of the ownership and management groups. As fundamental long-term investors, we believe it is imperative to remain disciplined and underwrite capital structures which will remain sound through economic cycles (and varying interest rate environments). We also seek to maintain a high level of portfolio diversification overall, looking at both industry and individual credit concentration. This approach has historically generated stable returns and relative stability during economic stress."

In 2025, The Trust maintained its quarterly dividend at $0.40 per share, which is further confirmation of our credit philosophy, where we focus on leading businesses backed by strong sponsor ownership and conservative capital structures. This resulted in a total annual dividend of $1.60 per share. Based on the Trust's December 31, 2025, share price of $18.15 per share, the most recent regular quarterly distribution of $0.40 per share represents an annualized yield of 8.8%.

During the three months ended December 31, 2025, the Trust reported total investment income of $8.9 million, net investment income of $6.0 million, or $0.29 per share, and a net increase in net assets resulting from operations of $7.6 million, or $0.37 per share.

Net asset value ("NAV") per share as of December 31, 2025, was $16.63, as compared to $17.10 as of September 30, 2025. The decrease in NAV per share was primarily attributable to the payment of a $0.40 per share dividend on November 14, 2025, and the declaration of a $0.40 per share dividend which was paid on January 16, 2026, partially offset by net unrealized appreciation of $0.05 per share, net investment income of $0.29 per share and net realized gains on investments of $0.01 per share.

Recent Portfolio Activity

During the three months ended December 31, 2025, the Trust made 14 new private investments totaling $20.3 million and 41 add-on investments in existing portfolio companies totaling $8.0 million. The Trust made 18 new public investments totaling $3.6 million. During the three months ended December 31, 2025, the Trust had eight senior loans repaid at par totaling $25.7 million and realized four equity investments that generated net realized gains of $0.3 million.

Liquidity and Capitalization

As of December 31, 2025, the Trust had cash of $32.1 million and $75.0 million of borrowings outstanding. The Trust had unfunded commitments of $53.9 million as of December 31, 2025.

Net Capital Gains

The Trust realized net capital gains of $199,709 or $0.01 per share during the quarter ended December 31, 2025, which resulted in realized net capital losses for the year ended December 31, 2025, of $(1,862,981) or $(0.09) per share. By comparison, for the year ended December 31, 2024, the Trust realized net capital losses of (97,601) or less than $(0.01) per share. During the quarter ended September 30, 2025, the Trust realized net capital gains of $577,945 or $0.03 per share.

Annual Meeting

The Trust's annual shareholders' meeting will be held on Thursday, May 14, 2026. Shareholders of record at the close of business on March 16, 2026, will be entitled to vote at the meeting.

About Barings Corporate Investors

Barings Corporate Investors is a closed-end management investment company advised by Barings LLC. Its shares are traded on the New York Stock Exchange under the trading symbol ("MCI").

About Barings LLC

Barings is a $481+ billion* global investment manager sourcing differentiated opportunities and building long-term portfolios across public and private fixed income, real estate, and specialist equity markets. With investment professionals based in North America, Europe and Asia Pacific, the firm, a subsidiary of MassMutual, aims to serve its clients, communities, and employees, and is committed to sustainable practices and responsible investment. Learn more at www.barings.com.

*Assets under management as of December 31, 2025

Per share amounts are rounded to the nearest cent.

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

Cautionary Notice: Certain statements contained in this press release may be "forward looking" statements. Investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date on which they are made and which reflect management's current estimates, projections, expectations or beliefs, and which are subject to risks and uncertainties that may cause actual results to differ materially. These statements are subject to change at any time based upon economic, market or other conditions and may not be relied upon as investment advice or an indication of the fund's trading intent. References to specific securities are not recommendations of such securities, and may not be representative of the fund's current or future investments. We undertake no obligation to publicly update forward looking statements, whether as a result of new information, future events, or otherwise.

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Barings Corporate Investors Reports Preliminary Fourth Quarter 2025 Results