Saratoga Investment Q1 NII $1.05/sh, dividend raised to $0.74, NAV per share $26.85

SARATOGA INVESTMENT CORP.

2024-Q1 EPS reported $0.48

Net investment income per share $1.05 (vs $1.35 YoY); adjusted NII also $1.05.
Dividend increased to $0.74 per share, 17th consecutive quarterly increase.
NAV per share $26.85, down from $28.48 a year ago; AUM $1.096B.
Completed Zollege restructuring, Pepper Palace imminent; Netreo sale realized $6.1M loss.
Post-quarter: Live Oak credit facility expanded from $50M to $75M.

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