diff --git a/src/Serilog.Sinks.PeriodicBatching/Sinks/PeriodicBatching/PeriodicBatchingSink.cs b/src/Serilog.Sinks.PeriodicBatching/Sinks/PeriodicBatching/PeriodicBatchingSink.cs
index 6ac96b2..fc04155 100644
--- a/src/Serilog.Sinks.PeriodicBatching/Sinks/PeriodicBatching/PeriodicBatchingSink.cs
+++ b/src/Serilog.Sinks.PeriodicBatching/Sinks/PeriodicBatching/PeriodicBatchingSink.cs
@@ -49,6 +49,7 @@ public class PeriodicBatchingSink : ILogEventSink, IDisposable, IBatchedLogEvent
     readonly FailureAwareBatchScheduler _batchScheduler;
     readonly Queue<LogEvent> _currentBatch = new();
     readonly Task _waitForShutdownSignal;
+    Task<bool>? _cachedWaitToRead;
     
     /// <summary>
     /// Constant used with legacy constructor to indicate that the internal queue shouldn't be limited.
@@ -260,7 +261,10 @@ async Task LoopAsync()
     // Wait until `reader` has items to read. Returns `false` if the `timeout` task completes, or if the reader is cancelled.
     async Task<bool> TryWaitToReadAsync(ChannelReader<LogEvent> reader, Task timeout, CancellationToken cancellationToken)
     {
-        var completed = await Task.WhenAny(timeout, reader.WaitToReadAsync(cancellationToken).AsTask()).ConfigureAwait(false);
+        var waitToRead = _cachedWaitToRead ?? reader.WaitToReadAsync(cancellationToken).AsTask();
+        _cachedWaitToRead = null;
+        
+        var completed = await Task.WhenAny(timeout, waitToRead).ConfigureAwait(false);
 
         // Avoid unobserved task exceptions in the cancellation and failure cases. Note that we may not end up observing
         // read task cancellation exceptions during shutdown, may be some room to improve.
@@ -268,9 +272,21 @@ async Task<bool> TryWaitToReadAsync(ChannelReader<LogEvent> reader, Task timeout
         {
             WriteToSelfLog($"could not read from queue: {completed.Exception}");
         }
+
+        if (completed == timeout)
+        {
+            // Dropping references to `waitToRead` will cause it and some supporting objects to leak; disposing it
+            // will break the channel and cause future attempts to read to fail. So, we cache and reuse it next time
+            // around the loop.
             
-        // `Task.IsCompletedSuccessfully` not available in .NET Standard 2.0/Framework.
-        return completed != timeout && completed is { IsCompleted: true, IsCanceled: false, IsFaulted: false };
+            _cachedWaitToRead = waitToRead;
+            return false;
+        }
+
+        if (waitToRead.Status is not TaskStatus.RanToCompletion)
+            return false;
+        
+        return await waitToRead;
     }
     
     /// <summary>
diff --git a/test/Serilog.Sinks.PeriodicBatching.Tests/PeriodicBatchingSinkTests.cs b/test/Serilog.Sinks.PeriodicBatching.Tests/PeriodicBatchingSinkTests.cs
index b3cbbf5..e753a22 100644
--- a/test/Serilog.Sinks.PeriodicBatching.Tests/PeriodicBatchingSinkTests.cs
+++ b/test/Serilog.Sinks.PeriodicBatching.Tests/PeriodicBatchingSinkTests.cs
@@ -115,17 +115,16 @@ public void ExecutionContextDoesNotFlowToBatchedSink()
     [InlineData(false)]
     public async Task EagerlyEmitFirstEventCausesQuickInitialBatch(bool eagerlyEmit)
     {
-        long batchesEmitted = 0;
+        var x = new ManualResetEvent(false);
         var bs = new CallbackBatchedSink(_ =>
         {
-            // ReSharper disable once AccessToModifiedClosure
-            Interlocked.Increment(ref batchesEmitted);
+            x.Set();
             return Task.CompletedTask;
         });
 
         var options = new PeriodicBatchingSinkOptions
         {
-            Period = TimeSpan.FromSeconds(2),
+            Period = TimeSpan.FromSeconds(3),
             EagerlyEmitFirstEvent = eagerlyEmit,
             BatchSizeLimit = 10,
             QueueLimit = 1000
@@ -137,7 +136,7 @@ public async Task EagerlyEmitFirstEventCausesQuickInitialBatch(bool eagerlyEmit)
         pbs.Emit(evt);
 
         await Task.Delay(1900);
-        Assert.Equal(eagerlyEmit ? 1L : 0, Interlocked.Read(ref batchesEmitted));
+        Assert.Equal(eagerlyEmit, x.WaitOne(0));
         
 #if FEATURE_ASYNCDISPOSABLE
         await pbs.DisposeAsync();
@@ -145,6 +144,6 @@ public async Task EagerlyEmitFirstEventCausesQuickInitialBatch(bool eagerlyEmit)
         pbs.Dispose();
 #endif
 
-        Assert.Equal(1L, Interlocked.Read(ref batchesEmitted));
+        Assert.True(x.WaitOne(0));
     }
 }
\ No newline at end of file