BARINGS CORPORATE INVESTORS (MCI)
The Babson Capital Corporate Investors trust, which was previously identified simply as Babson Capital Corporate Investors, operates as a closed-end mutual fund focused on fixed-income investments. This entity, launched and managed by Barings LLC, primarily allocates capital within the United States' fixed-income markets. Its investment strategy targets securities from companies spanning various diversified sectors. A significant portion of its portfolio is dedicated to privately placed, long-term corporate debt obligations that are rated below investment grade. Additionally, the fund invests in marketable debt instruments, including those with investment-grade ratings, other publicly traded debt, and common stocks. Formed in 1971, the trust maintains its legal domicile in the United States.
Industry: Asset Management
Barings Corporate Investors
NYSE:MCIFinancial Services · Asset Management
+1.08%$17.76
AH Close$17.76+0.00%vs close
AH$17.76+0.00%vs close
Mkt Cap$365.63M
Float20.3M
O/S20.59M
Inst Own17.8%
SI0.1%
Div Yield9.01%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$32.74M
Net Income$28.06M
Total Assets$431.22M
Free Cash Flow$18.57M
Debt & Equity
Debt 18%
Equity 82%
Total Debt$74.72M
Total Equity$341.3M
Shares Outstanding
Short Interest
Split History1 split
- 2:1Forward splitFeb 22, 20111 share → 2
Balance Sheet Details
Assets$431.22M
Liabilities$89.92M
Accounts Receivable$0
Accounts Payable$12.93M
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Revenue | $32.74M | $43.29M | $41.19M | $28.67M | $55.52M | $17.28M | $39.95M | $10.99M | $44.54M | $28.18M | $26.8M | $30.2M | $28.88M | $30.25M |
| YoY Growth | -24.4% | 5.1% | 43.7% | -48.4% | 221.2% | -56.7% | 263.6% | -75.3% | 58.1% | 5.2% | -11.3% | 4.6% | -4.5% | - |
| Cost of Revenue | $2.57M | $1.78M | $0 | $1.71M | $1.07M | $1.06M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $30.18M | $37.92M | $41.19M | $28.67M | $54.45M | $16.22M | $39.95M | $10.99M | $44.54M | $28.18M | $26.8M | $30.2M | $28.88M | $30.25M |
| Gross Margin | 92.2% | 87.6% | 100.0% | 100.0% | 98.1% | 93.9% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $1.41M | $1.39M | $1.34M | $1.18M | $1.05M | $889K | $937K | $1.4M | $964K | $4.43M | $4.79M | $4.63M | $4.43M | $4.16M |
| Other | $0 | $0 | $4.28M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $1.41M | $1.39M | $5.62M | $1.18M | $1.05M | $889K | $937K | $1.4M | $964K | $641K | $7.93M | $4.14M | $4.88M | $11.15M |
| Operating Income (EBIT) | $28.77M | $37.54M | $35.57M | $23.32M | $53.39M | $25.45M | $39.01M | $10.65M | $45.1M | $23.76M | $22.01M | $25.57M | $24.45M | $26.09M |
| Operating Margin | 87.9% | 86.7% | 86.4% | 81.3% | 96.2% | 147.2% | 97.7% | 96.9% | 101.2% | 84.3% | 82.1% | 84.7% | 84.7% | 86.3% |
| Interest Expense | $2.57M | $1.78M | $2.08M | $1.71M | $1.07M | $1.06M | $1.06M | $1.06M | $1.52M | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $35.66M | $38.42M | $40.63M | $28.08M | $24.33M | $28.7M | $27.6M | $29.45M | $27.96M | $1.58M | $1.58M | $1.58M | $1.58M | $1.58M |
| Other Income (Expense) | $0 | -$1.2M | $2.09M | -$7.91M | $33.26M | -$10.11M | $0 | -$15.68M | $16.81M | $3.48M | -$4.72M | $7.19M | $7.72M | $13.73M |
| Income Before Tax (EBT) | $28.77M | $36.34M | $37.67M | $15.41M | $53.8M | $15.33M | $39.01M | $9.59M | $43.58M | $27.24M | $17.28M | $32.76M | $32.18M | $39.82M |
| Income Tax Expense | $710K | $758K | $706K | $1.15M | $992K | $0 | $0 | -$161K | $26.77M | $0 | $0 | $0 | $0 | $2.12M |
| Net Income | $28.06M | $35.58M | $36.96M | $14.26M | $52.81M | $15.33M | $39.01M | $9.59M | $43.58M | $27.24M | $17.28M | $32.76M | $32.18M | $37.7M |
| Net Income Margin | 85.7% | 82.2% | 89.7% | 49.8% | 95.1% | 88.7% | 97.7% | 87.2% | 97.8% | 96.7% | 64.5% | 108.5% | 111.4% | 124.6% |
| Supplementary Data | ||||||||||||||
| EPS | 1.37 | 1.75 | 1.82 | 0.71 | 2.60 | 0.76 | 1.93 | 0.48 | 2.19 | 1.38 | 0.88 | 1.68 | 1.66 | 1.96 |
| Diluted EPS | 1.37 | 1.75 | 1.82 | 0.71 | 2.60 | 0.76 | 1.93 | 0.48 | 2.19 | 1.38 | 0.88 | 1.68 | 1.66 | 1.96 |
| Weighted Average OS | 20.47M | 20.34M | 20.31M | 20.09M | 20.26M | 20.18M | 20.21M | 19.97M | 19.90M | 19.79M | 19.66M | 19.53M | 19.39M | 19.24M |
| EBITDA | $27.5M | $36.35M | $0 | $15.03M | $87.73M | $25.45M | $23.64M | $25.27M | $26.77M | $23.76M | $22.01M | $25.57M | $24.45M | $0 |
| EBITDA Margin | 84.0% | 84.0% | - | 52.4% | 158.0% | 147.2% | 59.2% | 230.0% | 60.1% | 84.3% | 82.1% | 84.7% | 84.7% | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Assets | ||||||||||||||
| Current Assets | ||||||||||||||
| Cash and Cash Equivalents | $32.12M | $17.2M | $14.87M | $13.23M | $21.15M | $29.85M | $24.13M | $27.14M | $7.23M | $14.29M | $8.93M | $12.46M | $23.79M | $4.84M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $32.12M | $17.2M | $14.87M | $13.23M | $21.15M | $29.85M | $24.13M | $27.14M | $7.23M | $14.29M | $8.93M | $12.46M | $23.79M | $4.84M |
| Accounts Receivable | $0 | $10.09M | $5.91M | $5.46M | $3.92M | $2.48M | $2.06M | $2.44M | $2.94M | $3.71M | $3.51M | $3.02M | $2.44M | $2.26M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $595K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $32.12M | $27.29M | $21.38M | $18.69M | $25.07M | $32.33M | $26.19M | $29.58M | $10.17M | $18M | $12.44M | $15.48M | $26.22M | $7.11M |
| Long-Term Assets | ||||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $17.03M | $372.23M | $8.29M | $16.5M | $309.35M | $320.58M | $300.7M | $48.34M | $46.22M | $47.83M | $68.52M | $46.64M | $38.48M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $399.09M | $378.95M | $379.06M | $367.36M | $362.03M | $2.36M | $0 | -$300.7M | $288.19M | $257.72M | $255.46M | $238.86M | $235.51M | -$38.48M |
| Total Long-Term Assets | $399.09M | $378.95M | $372.23M | $367.36M | $362.03M | $311.7M | $320.58M | $300.7M | $336.52M | $303.94M | $303.29M | $307.38M | $282.15M | $38.48M |
| Other Assets | $0 | $0 | $330K | $0 | $0 | $0 | $3K | $3K | $0 | $0 | $0 | $0 | $0 | $253.81M |
| Total Assets | $431.22M | $406.24M | $393.93M | $386.05M | $387.1M | $344.03M | $346.77M | $330.28M | $346.69M | $321.94M | $315.72M | $322.86M | $308.38M | $299.4M |
| Liabilities | ||||||||||||||
| Current Liabilities | ||||||||||||||
| Accounts Payable | $12.93M | $13.74M | $7.9M | $5.86M | $6.82M | $2.9M | $186K | $6.16M | $0 | $0 | $0 | $0 | $520K | $0 |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $710K | $950K | $900K | $650K | $2.63M | $430K | $1.05M | $1.86M | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $0 | $0 | $0 | $0 | $5M | $6.2M | -$8.93M | $10.38M | $8.08M | $7.29M | $10.2M | $6.54M | $11.12M |
| Total Current Liabilities | $14.7M | $13.74M | $7.9M | $5.86M | $6.82M | $7.9M | $6.39M | $6.16M | $11.63M | $9.36M | $8.68M | $11.58M | $8.36M | $11.12M |
| Long-Term Liabilities | ||||||||||||||
| Long-Term Debt | $74.72M | $45.85M | $42.31M | $46M | $38M | $30M | $0 | $0 | $30M | $30M | $30M | $30M | $30M | $30M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $496K | $3.09M | $0 | $2.55M | $4.24M | $0 | $0 | $0 | $1.53M | $1.01M | $1.13M | $1.15M | $1.33M | -$30M |
| Total Long-Term Liabilities | $75.22M | $48.94M | $42.31M | $48.55M | $42.24M | $30M | $30M | $30M | $31.53M | $31.01M | $31.13M | $31.15M | $31.33M | $30M |
| Other Liabilities | $0 | $0 | $3.9M | $0 | $0 | $1.45M | $2.14M | $2.88M | $0 | $0 | $0 | $0 | $0 | $902K |
| Total Liabilities | $89.92M | $62.68M | $54.11M | $54.41M | $49.06M | $39.35M | $38.52M | $39.04M | $43.16M | $40.37M | $39.81M | $42.73M | $39.69M | $42.02M |
| Stockholders' Equity | ||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $20.53M | $20.4M | $20.26M | $20.26M | $20.26M | $20.26M | $20.23M | $20.08M | $19.94M | $19.79M | $19.66M | $19.53M | $19.39M | $19.24M |
| Retained Earnings | $40.68M | $44.68M | $42.55M | $33.51M | $39.11M | $11.92M | $15.91M | $427K | $173.89M | $150.74M | $144.83M | $146.01M | $135.67M | $127.53M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$0 | $0 | $90 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $280.1M | $278.48M | $277.01M | $277.87M | $278.67M | $272.5M | $272.11M | $270.73M | $109.7M | $111.04M | $111.42M | $114.58M | $113.63M | $110.61M |
| Total Equity | $341.3M | $343.56M | $339.83M | $331.64M | $338.04M | $304.68M | $308.25M | $291.24M | $303.53M | $281.57M | $275.92M | $280.13M | $268.69M | $257.38M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $431.22M | $406.24M | $393.93M | $386.05M | $387.1M | $344.03M | $346.77M | $330.28M | $346.69M | $321.94M | $315.72M | $322.86M | $308.38M | $299.4M |
| Supplementary Data | ||||||||||||||
| Total Debt | $74.72M | $45.85M | $42.31M | $46M | $38M | $30M | $30M | $30M | $30M | $30M | $30M | $30M | $30M | $0 |
| Net Debt | $42.6M | $28.65M | $27.44M | $32.77M | $16.85M | $148K | $5.87M | $2.86M | $22.77M | $15.71M | $21.07M | $17.54M | $6.21M | -$4.84M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Operating Activities | ||||||||||||||
| Net Income | $28.06M | $35.58M | $36.96M | $14.26M | $52.81M | $15.33M | $39.01M | $9.59M | $43.58M | $27.24M | $17.28M | $32.76M | $32.18M | $37.7M |
| Depreciation & Amortization | -$1.27M | -$183K | -$46K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||
| Accounts Receivable | -$110K | -$3.58M | -$1.04M | -$1.54M | -$1.44M | -$417K | $589K | $501K | $778K | -$204K | -$489K | -$585K | -$176K | $409K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$723K | $2.6M | $1.21M | -$3.27M | $3.71M | -$327K | -$770K | $35.73M | -$32.61M | -$767K | $4.11M | -$25.15M | $10.25M | $0 |
| Total Working Capital Change | -$832K | -$984K | $170K | -$4.82M | $2.26M | -$744K | -$181K | -$3.64M | $3.53M | -$971K | $3.62M | -$25.74M | $10.08M | $409K |
| Other Non-Cash Items | -$7.39M | -$6.28M | -$5.06M | -$5.53M | -$52.25M | $11.24M | -$19.89M | $35.8M | -$32.59M | $639K | -$2.98M | $2.92M | -$565K | -$16.5M |
| Net Cash from Operating | $18.57M | $28.14M | $32.02M | $3.92M | $2.83M | $25.83M | $18.94M | $41.75M | $14.52M | $26.91M | $17.93M | $9.94M | $41.69M | $21.2M |
| Investing Activities | ||||||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Financing Activities | ||||||||||||||
| Debt Repaid | -$29M | -$3.5M | $3.5M | -$8M | -$8M | - | - | - | - | - | - | - | - | - |
| Common Stock Issuance | $2.45M | $2.56M | $0 | $0 | $0 | $552K | $2.21M | $2.16M | $2.24M | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$34.77M | -$31.9M | -$26.75M | -$19.86M | -$19.45M | -$20.66M | -$24.17M | -$23.99M | -$23.82M | -$23.65M | -$23.5M | -$23.34M | -$25.08M | -$22.96M |
| Other Financing Activities | -$325K | $38K | -$134K | $15K | -$76K | $0 | $2.21M | $2.16M | $0 | $2.1M | $2.04M | $2.07M | $2.34M | -$194K |
| Net Cash from Financing | -$3.64M | -$25.8M | -$30.38M | -$11.84M | -$11.53M | -$20.1M | -$21.96M | -$21.83M | -$21.58M | -$21.55M | -$21.46M | -$21.27M | -$22.74M | -$23.15M |
| Forex Effect | $646 | -$1K | $384 | -$1K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $14.92M | $2.33M | $1.64M | -$7.92M | -$8.7M | $5.72M | -$3.01M | $19.91M | -$7.06M | $5.36M | -$3.53M | -$11.33M | $18.94M | -$1.96M |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | $18.57M | $28.14M | $32.02M | $3.92M | $2.83M | $25.83M | $18.94M | $41.75M | $14.52M | $26.91M | $17.93M | $9.94M | $41.69M | $21.2M |
| Capital Expenditure | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $18.57M | $28.14M | $32.02M | $3.92M | $2.83M | $25.83M | $18.94M | $41.75M | $14.52M | $26.91M | $17.93M | $9.94M | $41.69M | $21.2M |
| Cash at Beginning | $17.2M | $14.87M | $13.23M | $21.15M | $29.85M | $24.13M | $27.14M | $7.23M | $14.29M | $8.93M | $12.46M | $23.79M | $4.84M | $6.8M |
| Cash at End | $32.12M | $17.2M | $14.87M | $13.23M | $21.15M | $29.85M | $24.13M | $27.14M | $7.23M | $14.29M | $8.93M | $12.46M | $23.79M | $4.84M |