Barings Participation Investors reported preliminary financial results for the third quarter of 2025. The Trust recorded total investment income of $4.4 million and net investment income of $3.4 million, or $0.31 per share, compared to $0.32 per share in the previous quarter. Net realized gains on investments were $0.3 million, or $0.03 per share, down from $0.9 million, or $0.08 per share, in the prior quarter. Net asset value per share was $15.6 as of September 30, 2025, slightly lower than $15.7 at the end of June 2025. During the quarter, the Trust made 9 new investments totaling $7.6 million and 41 add-on investments totaling $7.2 million. A dividend of $0.37 per share was paid during the quarter. As of September 30, 2025, cash and short-term investments stood at $5.5 million, with borrowings of $22.3 million and unfunded commitments of $20.3 million.