Saratoga Investment Corp. Announces Distribution of Proxy Materials for its 2024 Annual Meeting of Stockholders

Rhea-AI Summary

Saratoga Investment Corp. (NYSE: SAR) has announced the distribution of proxy materials for its 2024 Annual Meeting of Stockholders, scheduled for September 26, 2024, at 10:00 a.m. ET. The meeting will be held at Ropes and Gray's offices in New York. Stockholders of record as of July 29, 2024 are eligible to vote. The company urges stockholders to vote promptly to reduce solicitation costs. Saratoga's Annual Report on Form 10-K and definitive proxy statement are available on the company's Investor Relations website. The proxy statement was filed with the SEC on August 1, 2024.

Urges Stockholders to Reduce Solicitation Costs by Voting their Shares Immediately

NEW YORK, NY, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Saratoga Investment Corp. (NYSE: SAR) (“Saratoga Investment,” “Saratoga” or “the Company”) today announced that the Company commenced distribution of proxy materials to the Company’s stockholders for the 2024 Annual Meeting of Stockholders (the “Annual Meeting”) to be held on September 26 2024.

Saratoga’s Annual Report on Form 10-K for the year ended February 29, 2024, and its definitive proxy statement for the Annual Meeting which was filed on August 1, 2024 with the U.S. Securities and Exchange Commission, may be viewed on Saratoga’s Investor Relations website at https://ir.saratogainvestmentcorp.com/financial-informations.

Your vote is important regardless of the number of shares you own. The Company’s stockholders are urged to vote their shares as soon as possible, which will help Saratoga reduce the significant solicitation costs associated with the Annual Meeting.

Saratoga’s Annual Meeting will be held at the offices of Ropes and Gray, located at 1211 Avenue of The Americas, 38^th Floor, New York, NY 10036 on Thursday, September 26, 2024 at 10:00 a.m., Eastern Time. Stockholders of the Company’s common stock as of the close of business on July 29, 2024, the record date, may vote at the Annual Meeting.

About Saratoga Investment Corp.

Saratoga Investment is a specialty finance company that provides customized financing solutions to U.S. middle-market businesses. The Company invests primarily in senior and unitranche leveraged loans and mezzanine debt, and, to a lesser extent, equity to provide financing for change of ownership transactions, strategic acquisitions, recapitalizations and growth initiatives in partnership with business owners, management teams and financial sponsors. Saratoga Investment’s objective is to create attractive risk-adjusted returns by generating current income and long-term capital appreciation from its debt and equity investments. Saratoga Investment has elected to be regulated as a business development company under the Investment Company Act of 1940 and is externally managed by Saratoga Investment Advisors, LLC, an SEC-registered investment advisor focusing on credit-driven strategies. Saratoga Investment Corp. owns two active SBIC-licensed subsidiaries, having surrendered its first license after repaying all debentures for that fund following the end of its investment period and subsequent wind-down. Furthermore, it manages a $650 million collateralized loan obligation (“CLO”) fund and co-manages a joint venture (“JV”) fund that owns a $400 million collateralized loan obligation (“JV CLO”) fund.  It also owns 52% of the Class F and 100% of the subordinated notes of the CLO, 87.5% of both the unsecured loans and membership interests of the JV and 87.5% of the Class E notes of the JV CLO. The Company’s diverse funding sources, combined with a permanent capital base, enable Saratoga Investment to provide a broad range of financing solutions.

Contact:
Henri Steenkamp
Saratoga Investment Corp.
212-906-7800

FAQ

When is Saratoga Investment Corp's (SAR) 2024 Annual Meeting of Stockholders?

Saratoga Investment Corp's (SAR) 2024 Annual Meeting of Stockholders is scheduled for September 26, 2024, at 10:00 a.m. Eastern Time.

Where can shareholders find Saratoga Investment Corp's (SAR) proxy materials for the 2024 Annual Meeting?

Shareholders can find Saratoga Investment Corp's (SAR) proxy materials for the 2024 Annual Meeting on the company's Investor Relations website at https://ir.saratogainvestmentcorp.com/financial-informations.

What is the record date for voting eligibility at Saratoga Investment Corp's (SAR) 2024 Annual Meeting?

The record date for voting eligibility at Saratoga Investment Corp's (SAR) 2024 Annual Meeting is July 29, 2024. Stockholders of the Company's common stock as of the close of business on this date may vote at the Annual Meeting.

Where will Saratoga Investment Corp's (SAR) 2024 Annual Meeting be held?

Saratoga Investment Corp's (SAR) 2024 Annual Meeting will be held at the offices of Ropes and Gray, located at 1211 Avenue of The Americas, 38th Floor, New York, NY 10036.