---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-22-037607"
form_type: "8-K"
ticker: "SAR"
cik: "0001377936"
company_name: "SARATOGA INVESTMENT CORP."
filed_at: "2022-07-06T23:59:59+00:00"
generated_at: "2026-06-24T20:36:48.785218+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Saratoga Investment posts Q1 FY2023 loss of $0.12 EPS; adjusted NII $0.53

## Summary
- Net loss $1.5M ($0.12 EPS) vs net income $21.0M ($1.88 EPS) a year ago; NII $8.0M ($0.66/share).
- Adjusted NII per share $0.53, unchanged from prior qtr; dividend maintained at $0.53/share.
- NAV per share $28.69, down 2.2% from $29.33 last qtr; AUM $894.5M, up 9.4% sequentially.
- Issued $97.5M of 6.00% baby bonds due 2027; redeemed $43.1M SAK 7.25% notes on July 14.
- Portfolio 80% first lien, 98.5% floating rate; 95% of credits at highest rating.

## SEC filing metadata
- accession: 0001213900-22-037607
- form_type: 8-K
- ticker: SAR
- cik: 0001377936
- company_name: SARATOGA INVESTMENT CORP.
- filed_at: 2022-07-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1377936/000121390022037607/0001213900-22-037607-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1377936/000121390022037607/ea162505-8k_saratoga.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-037607
- JSON: https://secwatch.observer/filing/0001213900-22-037607.json
- Plain text: https://secwatch.observer/filing/0001213900-22-037607.txt

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