Saratoga Investment (SAR) Raises Quarterly Dividend 11.1% to $0.40; 11% Yield

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Saratoga Investment Corp. Announces Fiscal Third Quarter 2016 Financial Results

January 13, 2016 4:31 PM EST

NEW YORK, Jan. 13, 2016 /PRNewswire/ -- Saratoga Investment Corp. (NYSE: SAR) ("Saratoga Investment" or "the Company"), a business development company, today announced financial results for its 2016 fiscal third quarter.

Summary Financial Information

Our assets under management ("AUM") was $241.0 million as of November 30, 2015, a 4.4% decline from $252.2 million as of August 31, 2015, and relatively unchanged from $241.2 million as of February 28, 2015. The reduction in AUM, which is reflected in the decrease of adjusted net investment income per share from $0.52 last quarter to $0.42 this quarter, was primarily due to the timing of redemptions and new... More