MPV

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Barings Participation Investors

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Key Metrics

Previous Close: $16.40
52-Week Range: $15.05 – $21.00
Market Cap: $175.17M
P/E (TTM): 13.22
EPS (TTM): 1.23
Dividend Yield: 9.02%

Advanced Metrics

Price/Book: 1.06
PEG Ratio: —
Return on Equity: 7.10%
Return on Assets: 4.65%
Gross Margin: 100.00%
Operating Margin: 84.52%
Profit Margin: 67.67%
Current Ratio: 3.64
Debt/Equity: 0.23
Total Debt: $37.34M
Free Cash Flow: $8.78M
Revenue Growth: -5.10%
Earnings Growth: -69.60%
Enterprise Value: $206.16M

MPV Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$8.26M	$19.63M	$18.78M	$14.64M
Selling, General & Admin	$924.15K	$1.07M	$1.11M	$1.09M
Operating Expenses	$924.15K	$1.07M	$1.11M	$1.09M
Pretax Income	$7.34M	$18.56M	$17.67M	$13.54M
Income Tax	$377.85K	$441.37K	$425.20K	$315.20K
Net Income	$6.96M	$18.12M	$17.25M	$13.23M
Diluted EPS	0.66	1.71	1.62	—
Diluted Shares	10.55M	10.60M	10.65M	—

MPV Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$4.88M	$6.49M	$7.00M	$13.79M
Receivables	$2.63M	$3.19M	$5.11M	$2.91M
Total Assets	$186.12M	$190.48M	$196.21M	$208.34M
Total Debt	$23.50M	$21.57M	$23.36M	$37.33M
Total Liabilities	$27.20M	$27.11M	$31.09M	$44.52M
Retained Earnings	$14.21M	$19.09M	$20.54M	$18.20M
Shareholders' Equity	$158.92M	$163.37M	$165.12M	$163.82M
Net Debt	$18.62M	$15.09M	$16.36M	$23.54M

MPV Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	-$553.81K	$15.86M	$12.91M	$8.57M
Free Cash Flow	-$553.81K	$15.86M	$12.91M	$8.57M
Depreciation & Amortisation	—	-$25.77K	-$74.77K	-$622.53K
Financing Cash Flow	-$6.18M	-$14.26M	-$12.40M	-$1.78M
Dividends Paid	-$8.69M	-$12.51M	-$15.42M	-$16.92M
Net Change in Cash	-$6.74M	$1.60M	$513.78K	$6.79M

MPV Balance Sheet statement, quarterly periods, in USD
USD	Q4 2024	Q2 2025	Q4 2025
Cash & Equivalents	$7.00M	$4.22M	$13.79M
Receivables	$5.11M	$2.70M	$2.91M
Total Assets	$196.21M	$193.54M	$208.34M
Total Debt	$23.36M	$24.59M	$37.33M
Total Liabilities	$31.09M	$25.42M	$44.52M
Retained Earnings	$20.54M	$22.82M	$18.20M
Shareholders' Equity	$165.12M	$168.12M	$163.82M
Net Debt	$16.36M	$20.37M	$23.54M

Market Snapshot

About

Closed-end investment fund managed by Barings. Invests primarily in below-investment-grade corporate loans and debt securities. Utilizes leverage to enhance returns and focuses on income generation through participation interests in senior secured floating-rate loans.