---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-081271"
form_type: "8-K"
ticker: "SAR"
cik: "0001377936"
company_name: "SARATOGA INVESTMENT CORP."
filed_at: "2023-10-10T23:59:59+00:00"
generated_at: "2026-06-10T02:06:40.773188+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Fiscal Q2 2024: Adj NII $1.08/sh, dividend $0.71, AUM $1.099B, NAV $28.44

## Summary
- Net investment income $1.15/sh ($1.08 adjusted), up 86% YoY on adj. basis; EPS $0.65 vs ($0.02) last quarter.
- Assets under management $1.099B, +15.1% YoY; originations $27.5M, repayments $6.0M.
- Quarterly dividend raised to $0.71/sh (14th consecutive increase), up 31% YoY.
- Pepper Palace markdown of $15.4M drove $5.7M net unrealized depreciation; 98.2% of loans at highest rating.
- Raised $24.3M equity in Q2 via ATM at NAV; $10M additional post quarter-end.

## SEC filing metadata
- accession: 0001213900-23-081271
- form_type: 8-K
- ticker: SAR
- cik: 0001377936
- company_name: SARATOGA INVESTMENT CORP.
- filed_at: 2023-10-10T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1377936/000121390023081271/0001213900-23-081271-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1377936/000121390023081271/ea186501-8k_saratoga.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-081271
- JSON: https://secwatch.observer/filing/0001213900-23-081271.json
- Plain text: https://secwatch.observer/filing/0001213900-23-081271.txt

## Key facts
- Earnings Releases
  SARATOGA INVESTMENT CORP. reported financial results for fiscal second quarter ended August 31, 2023.
  - Period: fiscal second quarter ended August 31, 2023
  - Result: reported results
  source text: Saratoga Investment Corp. issued a press release announcing its financial results for the quarter ended August 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1377936/000121390023081271/0001213900-23-081271-index.htm

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