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Saratoga Investment Corp 8.00% Notes due 2027 (SAJ-0.31%) has submitted its Form 10-Q filing for the quarterly period ended November 30, 2024.
The filing includes consolidated financial statements showing total assets of $1,219,919,880, with total net assets of $374,865,655. The company reported total liabilities of $845,054,225.
Investment income for the three months ended November 30, 2024, was $35,878,635, with net investment income reported at $12,435,655.
The company reported a net decrease in net assets resulting from operations of $3,600,713, primarily due to net realized and unrealized losses on investments.
Saratoga Investment Corp's cash and cash equivalents increased significantly to $250,164,023 as of November 30, 2024, compared to $40,507,124 at the beginning of the period.
The company’s investments at fair value totaled $960,093,232, with first lien term loans comprising the majority of the portfolio.
The filing also details the company's financial agreements, including revolving credit facilities and various notes payable, with a total of $214,000,000 in SBA debentures payable.
Saratoga Investment Corp does not anticipate cash dividend payments to common stockholders in the near future.
The company identified no material weaknesses in its internal controls over financial reporting.
Saratoga Investment Corp continues to focus on its investment strategy, aiming to generate current income and capital appreciation from its investments.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the Saratoga Investment Corp 8.00% Notes due 2027 quarterly 10-Q report dated January 8, 2025. To report an error, please email earnings@qz.com.