NOREEN CLIFFORD M 4

What Happened

• Noreen Clifford, Chairman of the Fund and a director of Barings Corporate Investors (MCI), acquired 6,856.05 share equivalents on 2026-05-29 at an implied price of $18.04 per share, for a notional value of $123,683. The transaction is reported as an "other acquisition or disposition" (code J) and represents an allocation into a company-related deferred compensation investment option rather than an open-market purchase of actual shares.

Key Details

• Transaction date and price: 2026-05-29 at $18.04 per share (6,856.05 shares; $123,683 total).
• Shares owned after transaction: Not specified in the provided filing.
• Transaction code: J (other acquisition/disposition — here, an allocation to a deferred-comp plan).
• Filing timeliness: Report filed 2026-06-02; within the two-business-day Form 4 deadline for a 2026-05-29 transaction (timely).
• Notable footnotes: F1/F2 indicate these are not actual shares but notional share equivalents in a non‑qualified deferred compensation plan; exercisable/convertible only upon termination, retirement, or other plan-permitted events, and plan holdings may be reallocated by participants.

Context

• This was an acquisition of deferred‑comp share equivalents — a bookkeeping allocation that tracks the market value of BCI common shares (including reinvested dividends) but does not give the plan or participant legal ownership of actual shares. Such transactions show how officers elect to allocate deferred pay, but they are different from buying stock on the open market or exercising options for immediate ownership.