Saratoga Investment Q4 FY2023: NII per share up 69% YoY, AUM up 19% to $972.6M, dividend raised to $0.69

SARATOGA INVESTMENT CORP.

NII per share $0.81; adjusted NII per share $0.98, up 85% from $0.53 in Q4 prior year.
AUM $972.6M (+19% YoY); portfolio yield 12.1% on 89% floating-rate assets, up from 9.5%.
Dividend $0.69 per share, up 30% from $0.53; over-earned by $0.29 per share quarterly.
Raised $301.4M in long-term fixed-rate notes; received third SBIC license adding $175M debt capacity.
Post-quarter originations $118.5M in 5 new companies; total liquidity $128.6M plus $148M undrawn from SBIC III.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SARATOGA INVESTMENT CORP. reported financial results for the quarter and full year ended February 28, 2023.

Period: the quarter and full year ended February 28, 2023
Result: reported results

Exact text from the filing

On May 2, 2023, Saratoga Investment Corp. issued a press release announcing its financial results for the quarter and full year ended February 28, 2023.

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Source: SEC EDGAR

accession 0001213900-23-035537

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