Barings BDC Q3 net investment income covers dividend, NAV dips
BBDC•Barings BDC reported third-quarter net investment income of $0.26 per share, matching its declared quarterly dividend, while net asset value per share dipped to $10.92.
1. Income and NAV
Barings BDC reported third-quarter net investment income of $0.26 per share and declared a quarterly cash dividend of $0.26 per share. Net asset value per share declined slightly to $10.92, mainly due to net realized losses, partially offset by net unrealized appreciation.
2. Portfolio activity
The company funded $196 million of investments, including 20 new portfolio companies, growing its portfolio to $2.5 billion. It said results reflected stability in its predominantly senior secured portfolio. Barings BDC provided no specific financial guidance for future quarters or the full year.
