Barings BDC reported strong performance across its diversified investment portfolio, with portfolio yields increasing due to rising base rates. The company expects continued strong portfolio performance and benefits from deploying incremental capital at attractive risk-adjusted returns. Fourth quarter net investment income is expected to be at least $0.27 per share, with further expansion into 2023.
Total investment income was $56.3 million.
Net investment income was $27.9 million, or $0.26 per share.
Net increase in net assets resulting from operations was $9.9 million, or $0.09 per share.
NAV per share as of September 30, 2022 was $11.28, compared to $11.41 as of June 30, 2022.
The company expects fourth quarter net investment income of at least $0.27 per share, with further expansion into 2023.
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