Board of Trustees Meeting
Springfield -- 04/27/2012 --
The Board of Trustees of Babson Capital Participation Investors (the “Trust”) met today. The Trust also conducted its 2012 Annual Meeting of Shareholders.
The Trust declared a quarterly dividend of 27 cents per share payable on May 18, 2012 to shareholders of record on May 7, 2012. The Trust had previously paid a 27 cent-per-share dividend for the preceding quarter (plus a special year-end dividend of 15 cents per share). The Board of Trustees also approved the continuance of the Trust’s current Investment Advisory and Administrative Services Contract with Babson Capital Management LLC.
The Trust’s net asset value (“NAV”) as of March 31, 2012 was $123,221,791 or $12.16 per share based on 10,135,476 shares outstanding. The Trust’s net investment income for the quarter ended March 31, 2012 was $2,768,173 or 27 cents per share.
At the Annual Meeting shareholders elected William J. Barrett, Clifford M. Noreen and Martin T. Hart as Trustees for three-year terms. In addition, Edward P. Grace, III was elected for a one-year term.
The market price of Babson Capital Participation Investors as of March 31, 2012 was $14.96, which equates to a 23.03% premium over the March 31, 2012 NAV per share. The Trust’s average quarter-end premium for the 3, 5 and 10-year periods was 9.28%, 9.34% and 9.41%, respectively.
About Babson Capital Participation Investors
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").
Per share amounts are rounded to the nearest cent.
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 in 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.