Sean Feeley

About Sean Feeley

Sean Feeley serves as Vice President of Barings Corporate Investors (MCI) and Barings Participation Investors (PI Subsidiary Trust and CI Subsidiary Trust), and is a Managing Director at Barings; he has held the Vice President role at the Trusts since 2011 and has been a Managing Director at Barings since 2003 . He is age 58 and is also President (since 2017; previously Vice President 2012–2017) of Barings Global Short Duration High Yield Fund, a closed-end investment company advised by Barings . Officers of the Trusts serve until a successor is elected and qualified, and compensation/expenses of Trust officers are paid by Barings under the Trusts’ advisory contracts (the proxy does not disclose officer-specific salary/bonus/equity details) . As of the March 17, 2025 record date, Trustees and Officers as a group beneficially owned 1.95% of MCI’s outstanding shares; MCI had 20,298,644 shares outstanding .

Past Roles

External Roles

Fixed Compensation

• Officer compensation and expenses are paid by Barings under the Investment Services/Advisory Contracts; the Trusts do not disclose officer-level base salary, target bonus, or actual bonus amounts .
• Trustee compensation (for independent Trustees) is disclosed separately and is not applicable to Feeley as an officer/Barings employee .

Performance Compensation

• The proxy does not disclose performance-based incentive structures (e.g., RSUs, PSUs, options, or specific revenue/EBITDA/TSR-linked metrics) for Trust officers; compensation is paid by Barings and not itemized at the Trust level .

Equity Ownership & Alignment

• Individual officer holdings (including Feeley) are not itemized in the proxy; ownership is disclosed at the group level for Trustees and Officers .
• Independent Trustee ownership guidelines require investing one year’s trustee fees (excluding committee fees), with a three-year phase-in; this policy applies to Independent Trustees, not officers .
• The proxy does not disclose pledging, hedging, or officer-level compliance against ownership guidelines for Feeley .

Employment Terms

• Officers serve until a successor is duly elected and qualified; no fixed term expiration is specified .
• Compensation and expenses of officers are paid by Barings; the Trusts do not disclose employment agreements, non-compete/non-solicit provisions, severance or change-of-control economics, tax gross-ups, or clawback terms for officers .
• Section 16(a) compliance is affirmed by the Trusts, with noted late filings for certain individuals; Feeley is not listed among exceptions in the 2025 proxy .

Additional Governance/Context

• MCI’s principal office is c/o Barings, 300 South Tryon Street, Suite 2500, Charlotte, NC 28202 .
• Trustees oversee the Trusts; officers manage operations, with Barings responsible for investment management and certain administrative services .

Investment Implications

• Pay-for-performance visibility is limited: officer compensation is paid by the adviser and not itemized at the Trust level, constraining analysis of salary/bonus/equity alignment with Trust performance .
• Alignment signals: group-level insider ownership (1.95%) provides some alignment, but absent individual disclosure for Feeley limits precision; Barings’ 1.07% beneficial ownership reflects adviser exposure but is not equivalent to officer ownership .
• Retention/continuity: Feeley’s long tenure (Vice President since 2011; MD at Barings since 2003) suggests operational stability; however, lack of disclosed severance/change-of-control terms precludes analysis of exit incentives or potential selling pressure .
• Trading signals: The proxy’s Section 16(a) compliance note and the filings catalogue do not present Feeley-specific Form 4 trading activity, limiting inference on near-term selling pressure from Trust-level awards .