Saratoga Investment Corp. reported a net decrease in net assets from operations of $(6.90M) for the quarter ended May 31, 2026, producing diluted loss per share of $(0.42), versus a $13.93M increase in the year‑ago quarter and EPS of $0.91.
Financial Highlights
- Investment income (total) was $30.78M for the quarter (reported in Part I, Item 1).
- Net income: Net decrease in net assets resulting from operations of $(6.90M) for the quarter ended May 31, 2026, versus a $13.93M increase in the year‑ago quarter.
- Diluted EPS: $(0.42) for the quarter ended May 31, 2026, versus $0.91 in the year‑ago quarter.
Business Highlights
- Portfolio activity remained active: $79.2M invested and $48.4M in exits during the quarter, for net investments of $30.8M.
- Revenue mix shifted modestly as management and structuring fees rose to support CLO and joint‑venture activities while cash yields declined.
- Ongoing CLO refinancings and SLF JV refinancings extended investment periods and helped preserve deal flow.
- Risk and valuation governance emphasized: portfolio grading largely green/yellow and independent quarterly valuation reviews in place.
- Liquidity and funding: maintained multiple credit facilities and SBIC leverage capacity to support origination and portfolio growth.
Original SEC Filing:
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