Saratoga Investment

SAR

Market cap $364M

Saratoga Investment remains a hold, balancing portfolio resilience with notable risks from elevated software exposure and dividend coverage concerns. SAR's 14.4% yield is attractive, but adjusted net investment income fell below payout levels, raising the likelihood of a near-term dividend reduction. Despite 28% software exposure and sector headwinds, SAR's disciplined underwriting and low non-accruals (0.2% of portfolio) have limited realized losses.

Toronto, Ontario – TheNewswire - May 29, 2026 – Ventripoint Diagnostics Ltd . (“Ventripoint” or the “Company”)(TSXV:VPT) announces adoption of semi-annual financial reporting ("SAR"). This news release is being issued and filed pursuant to Coordinated Blanket Order 51-933 Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers ("CBO 51-933").   The CBO 51-933 pilot program permits eligible venture issuers to voluntarily move from quarterly to a semi-annual financial reporting framework. The Company has determined that it meets the eligibility criteria. By adopting SAR, Ventripoint aims to reduce the administrative and financial burden associated with quarterly reporting that will allow management to focus additional time and resources on advancing commercialization initiatives, business development activities and other business objectives.

MAY 2 6 TH , 2026 – TheNewswire - Gold Orogen Resources Corp. (CSE:OROG) (the “Company” or “Gold Orogen”), announces adoption of semi-annual financial reporting ("SAR"). This news release is being issued and filed pursuant to Coordinated Blanket Order 51-933 Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers ("CBO 51-933"). CBO 51-933 is a pilot program that permits eligible venture issuers to voluntarily move from quarterly to a semi-annual financial reporting framework. The Company has determined that it meets the eligibility criteria. By adopting SAR, Gold Orogen aims to reduce the disproportionate administrative and financial burden associated with quarterly reporting that will allow management to optimally focus time and financial resources toward advancing the Company's exploration and development projects and other business objectives.

Vancouver, British Columbia--(Newsfile Corp. - May 26, 2026) - Lode Gold Resources Inc (TSXV: LOD) (OTCQB: LODFF) ("Lode Gold" or the "Company") announces adoption of semi-annual financial reporting ("SAR"). This news release is being issued and filed pursuant to Coordinated Blanket Order 51-933 Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers ("CBO 51-933").

In the article I list all monthly-paying BDCs. This list is then reduced to a handful of BDCs. These remaining BDCs, in my view, are the one with the strongest prospect to generate durable income without permanent NAV decay.

Saratoga Investment Corp (SAR) Q4 2026 Earnings Call Transcript

Saratoga Investment (SAR) came out with quarterly earnings of $0.53 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $0.56 per share a year ago.

Reports 13.4% Increase in AUM and 0.9% Increase in NAV Year-Over-Year Annual ROE of 9.1% Beats Previous Year ROE of 7.5% and the BDC Industry Average of 4.3% Net Deployments of $101.1 Million for the Fourth Fiscal Quarter 2026, Supporting Five New Platforms and Fifteen Follow-Ons Non-Accruals Remain Low at 0.2% of Fair Value and 1.2% of Cost NEW YORK, May 05, 2026 (GLOBE NEWSWIRE) -- Saratoga Investment Corp. (NYSE: SAR) (“Saratoga Investment” or “the Company”), a business development company (“BDC”), today announced financial results for its 2026 fiscal year and fourth quarter ended February 28, 2026. Summary Financial Information The Company's summarized financial information is as follows:   For the years ended and as of ($ in thousands, except per share) February 28, 2026   February 28, 2025   February 29, 2024 Assets Under Management (AUM) 1,109,134   978,078   1,138,794 Net Asset Value (NAV) 396,156   392,666   370,224 NAV per share 24.42   25.86   27.12 Total Investment Income 125,713   148,855   143,720 Net Investment Income (NII) per share 2.32   3.81   4.49 Adjusted NII per share 2.37   3.81   4.10 Earnings per share 2.31   2.02   0.71 Dividends per share (record date) 3.74*   3.30**   2.82 Return on Equity – last twelve months 9.1%   7.5%   2.5% Originations 309,502   168,077   246,101 Repayments 178,890   312,113   30,271             * Actual dividend of $3.74 per share, includes the additional special dividend of $0.25 per share declared during fiscal 2026 third quarter ** Actual dividend of $3.30 per share, includes the additional special dividend of $0.35 per share declared during fiscal 2025 third quarter     For the three months ended and as of ($ in thousands, except per share) February 28, 2026   November 30, 2025   February 28, 2025 Assets Under Management (AUM) 1,109,134   1,015,950   978,078 Net Asset Value (NAV) 396,156   413,207   392,666 NAV per share 24.42   25.59   25.86 Total Investment Income 31,123   31,646   31,295 Net Investment Income (NII) per share 0.48   0.61   0.56 Adjusted NII per share 0.53   0.61   0.56 Earnings per share (0.16)   0.74   (0.05) Dividends per share (record date) 1.00*   1.09**   0.72 Return on Equity – last twelve months 9.1%   9.7%   7.5%   – annualized quarter (2.6%)   13.5%   (0.7%) Originations 135,139   72,122   41,802 Repayments 34,020   54,943   15,867             * Actual dividend of $1.00 per share, includes the additional special dividend of $0.25 per share declared during fiscal 2026 third quarter ** Actual dividend of $1.09 per share, includes the additional special dividend of $0.35 per share declared during fiscal 2025 third quarter Christian L.

NEW YORK, April 14, 2026 (GLOBE NEWSWIRE) -- Saratoga Investment Corp. (NYSE:SAR), a business development company, will report its financial results for the fiscal quarter ended February 28, 2026, on Tuesday May 5, 2026, after market close. A conference call to discuss the financial results will be held on Wednesday May 6, 2026. Details for the conference call are provided below.

Currently, BDCs provide very high-yield opportunities. The fact that additional interest rate cuts are unlikely to happen this year should theoretically support the existing levels. Yet for most BDCs, the damage has already been done.