secwatch.observer — SEC 8-K summary
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Issuer:     SARATOGA INVESTMENT CORP. (SAR)
CIK:        0001377936
Form:       8-K
Filed at:   2025-05-07T23:59:59+00:00
Accession:  0001213900-25-040636
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Saratoga Investment FY2025 NAV per share $25.86, adjusted NII $3.81, dividend raised to $0.75/Q
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- FY2025 adjusted NII per share $3.81 vs $4.10 YoY; total NAV up $22.5M to $392.7M.
- NAV per share $25.86 (down 4.6% YoY from $27.12) due to share dilution; EPS $2.02 up from $0.71.
- Base dividend transitioned to monthly $0.25/share ($0.75/Q) vs $0.74/Q prior; FY2025 total $3.31 incl $0.35 special.
- Non-accruals only 0.3% of fair value; core non-CLO portfolio 1.6% above cost; 88.7% first lien.
- Subsequent to quarter-end, $45.5M originations in 2 new companies and 6 follow-ons; net investment increase $21M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1377936/000121390025040636/0001213900-25-040636-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1377936/000121390025040636/ea0241212-8k_saratoga.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-040636

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