Barings BDC reported strong, stable results with net investment income meaningfully higher than the dividend and industry-leading non-accrual rates. The company made progress reducing non-core positions, providing capital for first lien, middle market loans.
Net investment income was $42.1 million, or $0.40 per share.
Net increase in net assets resulting from operations was $19.4 million, or $0.18 per share.
NAV per share as of June 30, 2024 was $11.36, compared to $11.44 as of March 31, 2024.
The company made nine new investments totaling $38.5 million and invested $40.0 million in existing portfolio companies.
Company has scheduled a conference call to discuss second quarter 2024 financial and operating results for Thursday, August 8, 2024, at 9:00 a.m. ET.
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