Babson Capital Participation Investors Will Change its Name to Barings Participation Investors Effective on September 12, 201...
08 September 2016 - 12:20AM
The Board of Trustees of Babson Capital Participation Investors
(the “Trust”) today announced that the Trust will change its name
to Barings Participation Investors effective on September 12, 2016.
The name change is intended to clarify the Trust’s
relationship to Babson Capital Management LLC (“Babson Capital”),
its investment adviser, which concurrently is changing its name to
Barings LLC. The name changes are being effected in
connection with Babson Capital’s previously-announced combination
with two of its subsidiaries, Cornerstone Real Estate Advisers LLC
and Wood Creek Capital Management, LLC, and its sister company,
Baring Asset Management Limited. This internal consolidation
will not result in a change-of-control of Babson Capital under Rule
2a-6 of the Investment Company Act of 1940.
The investment objectives, management and all
other aspects of the Trust will remain unchanged. The New York
Stock Exchange ticker symbol for the Trust’s common shares (MPV)
will remain the same.
Babson Capital Participation Investors is a
closed-end management investment company advised by Babson Capital
Management LLC, a member of the MassMutual Financial Group. Its
shares are traded on the New York Stock Exchange under the trading
symbol (“MPV”).
Cautionary Notice: Certain statements contained
in this press release may be "forward looking" statements.
Investors are cautioned not to place undue reliance on
forward-looking statements, which speak only as of the date on
which they are made and which reflect management’s current
estimates, projections, expectations or beliefs, and which are
subject to risks and uncertainties that may cause actual results to
differ materially. These statements are subject to change at
any time based upon economic, market or other conditions and may
not be relied upon as investment advice or an indication of the
fund's trading intent. References to specific securities are
not recommendations of such securities, and may not be
representative of the fund's current or future investments.
We undertake no obligation to publicly update forward looking
statements, whether as a result of new information, future events,
or otherwise.
Contact: Brian Whelan, Babson Capital Management, 704.805.7244, bwhelan@babsoncapital.com
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