---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-22-023967"
form_type: "8-K"
ticker: "SAR"
cik: "0001377936"
company_name: "SARATOGA INVESTMENT CORP."
filed_at: "2022-05-04T23:59:59+00:00"
generated_at: "2026-06-26T00:32:15.184489+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Saratoga Investment reports FY22 adjusted NII $2.24/sh, NAV per share $29.33 (all-time high); ROE 13.9%

## Summary
- FY22 total investment income $70.7M (+22.7% YoY); adjusted NII $25.7M ($2.24/sh).
- Q4 NAV per share $29.33, up $0.16 QoQ; 17th increase in 19 quarters.
- AUM $817.6M (+47.5% YoY); originations $458.1M in FY.
- Declared Q4 dividend $0.53/sh, paid March 28; total FY dividends $1.92/sh.
- Closed $75M 4.35% notes and $87.5M 6.0% notes due 2027; available liquidity $90.4M.

## SEC filing metadata
- accession: 0001213900-22-023967
- form_type: 8-K
- ticker: SAR
- cik: 0001377936
- company_name: SARATOGA INVESTMENT CORP.
- filed_at: 2022-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1377936/000121390022023967/0001213900-22-023967-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1377936/000121390022023967/ea159365-8k_saratoga.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-023967
- JSON: https://secwatch.observer/filing/0001213900-22-023967.json
- Plain text: https://secwatch.observer/filing/0001213900-22-023967.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.