Commented Unassigned: TimeSpan Displays as Time (AM/PM) in PropertyGrid [20039]

I'm using the latest Toolkit (downloaded today). When setting the SelectedObject to an object containing multiple TimeSpan's, the value is being displayed as a time of day.
Example
TimeSpan value = 00:00:00 is displayed as 12:00:00 AM
TimeSpan value = 00:05:00 is displayed as 12:05:00 AM

Is this the default display for a TimeSpan? If not, why do you think this is occurring?
Comments: ** Comment from web user: nekaras **

I understand why you say it's not a bug, but I don't agree with the implementation. I wonder why the format is set to any DateTimeFormat. A TimeSpan is not intended to be a time of day. The intention is store a number of ticks.