---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-22-061821"
form_type: "8-K"
ticker: "SAR"
cik: "0001377936"
company_name: "SARATOGA INVESTMENT CORP."
filed_at: "2022-10-04T23:59:59+00:00"
generated_at: "2026-06-23T05:32:36.388432+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Saratoga Investment Q2 2023: NII $0.64/sh, NAV $28.27, AUM $954.7M; SBIC III approved

## Summary
- NII per share $0.64 (adjusted $0.58); EPS $0.08 vs $0.71 YoY; dividend increased to $0.54/share.
- NAV per share $28.27, down 1.5% from Q1; AUM $954.7M, up 43.3% YoY.
- Originations $140.6M, repayments $75.1M; 83% first lien; 96% of loans at highest internal rating.
- Received SBIC III license providing up to $175M in additional SBA debentures; $107M immediate liquidity.
- Repurchased 153,350 shares at $24.04 avg during quarter; $17.3M total repurchased since plan.

## SEC filing metadata
- accession: 0001213900-22-061821
- form_type: 8-K
- ticker: SAR
- cik: 0001377936
- company_name: SARATOGA INVESTMENT CORP.
- filed_at: 2022-10-04T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1377936/000121390022061821/0001213900-22-061821-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1377936/000121390022061821/ea166725-8k_saratoga.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-061821
- JSON: https://secwatch.observer/filing/0001213900-22-061821.json
- Plain text: https://secwatch.observer/filing/0001213900-22-061821.txt

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