secwatch.observer — SEC 8-K summary
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Issuer:     SARATOGA INVESTMENT CORP. (SAR)
CIK:        0001377936
Form:       8-K
Filed at:   2023-10-10T23:59:59+00:00
Accession:  0001213900-23-081271
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1377936/000121390023081271/0001213900-23-081271-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1377936/000121390023081271/ea186501-8k_saratoga.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-081271

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer