X0407 4 2023-05-09 0001379785 Barings BDC, Inc. BBDC 0001558474 Freno Michael C/O BARINGS LLC 300 SOUTH TRYON STREET, SUITE 2500 CHARLOTTE NC 28202 1 Officer of Adviser 0 Common Stock ("Shares") 2023-05-09 4 P 0 14000.0000 7.2040 A 27287.0000 D Common Stock ("Shares") 2023-05-09 4 P 0 4000.0000 7.1900 A 31287.0000 D Common Stock ("Shares") 2023-05-09 4 P 0 4000.0000 7.1897 A 35287.0000 D Common Stock ("Shares") 2023-05-09 4 P 0 4000.0000 7.1800 A 39287.0000 D Amount includes shares acquired through a dividend reinvestment plan not previously reported since prior filing pursuant to Rule 16a-11 under the Securities Exchange Act of 1934, as amended. /s/ Jessica Restivo Attorney- in - Fact 2023-05-10