Saratoga Investment Corp. Reports a Net Decrease in Assets for the Third Quarter of 2023

Saratoga Investment Corp. (SAR), a provider of financing solutio ns to middle-market companies, announced its financial results for the third quarter ended May 31, 2023. The company reported a net decrease in assets and recorded $34.6 million in investment income during the quarter.

Financial Highlights

Saratoga Investment Corp. experienced a net decrease in assets, with total assets amounting to $1.15 billion as of May 31, 2023, compared to $1.08 billion as of February 28, 2023.

Investment income for the third quarter reached $34.6 million, reflecting an increase compared to $18.7 million in the same period last year.