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Exhibit 99.1 BARINGS BARINGS BDC , INC . REPORTS THIRD QUARTER 2021 RESULTS AND ANNOUNCES INCREASED QUARTERLY CASH DIVIDEND OF $ 0.22 PER SHARE CHARLOTTE , N.C. , November 9 , 2021 - Barings BDC , Inc. ( NYSE : BBDC ) ( " Barings BDC " or the " Company " ) today reported its financial and operating results for the third quarter of 2021 and announced that the Company's Board of Directors declared a quarterly cash dividend of $ 0.22 per share . Highlights Income Statement ( dollars in millions , except per share data ) Net investment income Net realized gains ( losses ) Net unrealized appreciation Net increase in net assets resulting from operations Dividends paid ( 1 ) Based on weighted average shares outstanding during the period of 65,316,085 . Three Months Ended September 30 , 2021 Three Months Ended June 30 , 2021 Total Amount Per Share ( ¹ ) Per Total Amount Share ( ¹ ) $ 14.9 $ 0.23 $ 14.6 $ 0.22 $ ( 3.8 ) $ ( 0.06 ) $ 0.3 $ 0.01 $ 3.3 $ 0.05 $ 14.4 $ 0.22 $ 14.4 $ 0.22 $ 29.3 $ 0.45 $ 0.21 $ 0.20 Investment Portfolio and Balance Sheet ( dollars in millions , except per share data ) Investment portfolio at fair value Weighted average yield on performing debt investments , excluding short - term investments ( at principal amount ) As of September 30 , 2021 $ 1,652.5 As of June 30 , 2021 $ 1,575.1 As of As of March 31 , 2021 December 31 , 2020 $ 1,602.1 $ 1,495.8 7.3 % 7.4 % 7.2 % 7.1 % Total assets $ 1,799.5 $ 1,806.3 $ 1,727.1 $ 1,677.0 Debt outstanding ( principal ) $ 1,037.7 $ 1,043.5 $ 986.1 $ 944.7 Total net assets ( equity ) $ 744.8 $ 744.1 $ 727.9 $ 717.8 Net asset value per share $ 11.40 $ 11.39 $ 11.14 $ 10.99 Debt - to - equity ratio 1.39x 1.40x 1.35x 1.32x Net debt - to - equity ratio ( adjusted for unrestricted cash , short - term investments and net unsettled transactions ) 1.19x 1.14x 1.14x 1.04x Third Quarter 2021 Results Commenting on the quarter , Eric Lloyd , Chief Executive Officer , stated “ For the third quarter , Barings BDC continued to deliver consistent and differentiated returns across our sponsor and cross - platform investment strategies . Portfolio trends remain strong , and our wide investment frame of reference across various private asset classes remains a distinct competitive advantage as we navigate elevated market competition . " During the three months ended September 30 , 2021 , the Company reported total investment income of $ 35.0 million , net investment income of $ 14.9 million , or $ 0.23 per share , and a net increase in net assets resulting from operations of $ 14.4 million , or $ 0.22 per share . Net asset value ( " NAV " ) per share as of September 30 , 2021 was $ 11.40 , as compared to $ 11.39 as of June 30 , 2021. The increase in NAV per share from June 30 , 2021 to September 30 , 2021 was primarily attributed to net unrealized appreciation on