Saratoga Investment (SAR) Declares $0.44 Quarterly Dividend; 9.6% Yield
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Saratoga Investment Corp. Announces Fiscal Second Quarter 2017 Financial Results
October 12, 2016 4:15 PM EDTNEW YORK, Oct. 12, 2016 /PRNewswire/ --Â Saratoga Investment Corp. (NYSE: SAR) ("Saratoga Investment" or "the Company"), a business development company, today announced financial results for its 2017 fiscal second quarter.
Summary Financial Information
For the quarter ended August 31, 2016, Saratoga Investment's assets under management ("AUM") was $272.8 million, an increase of 3.2% from $264.4 million as of May 31, 2015, and a decrease of 3.9% from $284.0 million as of February 29, 2016. These changes include $55.7 million in acquisitions this quarter, one of our largest origination quarters, offset by redemptions of $50.3 million during the second fiscal quarter of 2017, with total redemptions for this... More
