Barings(US:BBDC)2023-08-10 12:36Financial Performance - Net asset value (NAV) as of June 30, 2023, was $1134 per share, compared to $1117 as of March 31, 2023[6] - Net investment income for the quarter ended June 30, 2023, was $031 per share[7] - The Board of Directors approved a third-quarter dividend of $026 per share, an increase of $001 over the prior quarter[8] Portfolio Activity - Total originations during the quarter were $66 million, while sales and repayments totaled $135 million, resulting in net repayments of $70 million[7] - Middle Market Loans experienced a net decrease in investments of $61 million, with total fundings of $36 million and sales/repayments of $97 million[14] - Cross Platform Investments saw a net increase of $1 million, with $30 million in new originations and $29 million in sales/repayments[14] Portfolio Composition and Credit Quality - As of June 30, 2023, non-accrual investments represented 11% of the total portfolio at fair value[9] - The weighted-average portfolio yield as of June 30, 2023, was 109% for Middle-Market Loans, 112% for Cross-Platform investments, and 112% for acquired assets[7] - First lien investments accounted for 676% of the portfolio[20] Balance Sheet and Leverage - The investment portfolio's fair value was $25059 million as of 2Q 2023[10] - Total debt outstanding (principal) was $14971 million as of 2Q 2023[10] - The debt-to-equity ratio was 124x, or 115x after adjusting for cash, short-term investments, and unsettled transactions[10, 34]