Barings(US:BBDC)2020-11-10 14:59Financial Performance - Net asset value (NAV) as of September 30, 2020, was $10.97 per share, compared to $10.23 as of June 30, 2020[11] - Net investment income for the quarter ended September 30, 2020, was $0.17 per share[11] - The Board of Directors approved a fourth-quarter dividend of $0.17 per share, up from $0.16 in the prior quarter[11] - Total investment income was $16329142[45] Portfolio Composition and Yield - The weighted-average portfolio yield as of September 30, 2020, was 4.3% for Initial BSL, 6.1% for Middle-Market Loans (MML), and 8.2% for Cross-Platform investments[11] - As of quarter end, 4.4% of MML were priced below 90% of cost, 9.0% of Initial BSL were priced below 80% of cost, and 2.5% of Cross-Platform investments were priced below 80% of cost[11] - Total investments at fair value were $11163 million as of September 30, 2020[12] Investment Activity - Total originations during the quarter were $145 million, while sales and repayments totaled $252 million, predominately from the Initial Broadly-Syndicated Loan (BSL) portfolio[11] - Middle-Market Loans saw a net increase in investments of $53.1 million, including $79.9 million in seven new portfolio companies[25] - Cross-Platform Investments experienced a net increase of $49.5 million with no sales[25] - From October 1, 2020, through November 3, 2020, Barings BDC made approximately $155.4 million of new commitments, of which approximately $130.6 million closed and funded[59]