Saratoga Investment Corp. to Report Fiscal Third Quarter 2026 Financial Results and Hold Conference Call

Rhea-AI Summary

Saratoga Investment Corp. (NYSE:SAR) will report financial results for the fiscal quarter ended November 30, 2025 on January 7, 2026 after market close and will hold a conference call on January 8, 2026 at 10:00 a.m. ET.

The call will feature CEO Christian L. Oberbeck, CIO Michael J. Grisius, and CFO Henri J. Steenkamp. A live webcast and a limited-time replay will be available via the company’s investor relations "Events & Presentations" page. The company will file its Form 10-Q for the quarter on January 7, 2026.

Key Figures

CLO fund size $450 million Collateralized loan obligation fund in wind-down

JV CLO size $400 million Joint venture collateralized loan obligation fund

CLO Class F ownership 52% Ownership of Class F of the CLO

CLO subordinated notes 100% Ownership of subordinated notes of the CLO

JV unsecured loans stake 87.5% Ownership of JV unsecured loans and membership interests

JV CLO Class E-R stake 87.5% Ownership of Class E-R notes of the JV CLO

Earnings release date January 7, 2026 Fiscal Q3 2026 results after market close

Conference call time 10:00 a.m. ET Fiscal Q3 2026 results call on January 8, 2026

Market Reality Check

$23.12 Last Close

Volume Volume 65,845 is below the 20-day average 88,798 (relative volume 0.74x) ahead of the earnings call announcement. normal

Technical Shares at $22.94 are trading below the 200-day MA of $24.02 and 12.34% below the 52-week high.

Peers on Argus

Pre-announcement, SAR slipped 0.91% while peers were mixed: SCM -3.16%, PSBD -1.73%, HQL -0.81%, MVF -0.86%, and XFLT +2.21%, suggesting stock-specific rather than broad sector pressure.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 11	Dividend announcement	Positive	+0.1%	Declared Q4 2026 base dividend of $0.75 per share, paid monthly.
Nov 12	Special dividend	Positive	+1.6%	Announced $0.25 special dividend fulfilling FY 2025 distribution needs.
Nov 06	New credit facility	Positive	-0.8%	Entered $85M revolving facility with larger size and extended maturity.
Oct 07	Earnings results	Neutral	-4.7%	Reported Q2 2026 results with higher NAV and ROE but lower adjusted NII.
Sep 26	Earnings date set	Neutral	+0.3%	Scheduled Q2 2026 results and conference call in early October.

Pattern Detected

Dividend and scheduling news have typically seen mild positive or flat reactions, while balance-sheet and full earnings releases have sometimes drawn negative responses.

Recent Company History

Over the past few months, Saratoga Investment announced multiple shareholder-friendly dividends, including a base Q4 2026 dividend of $0.75 per share and a $0.25 special dividend, with modest positive price reactions. An $85.0M new credit facility and fiscal Q2 2026 results on Oct 7, 2025 saw negative moves, indicating some sensitivity to balance-sheet and earnings details. A prior Q2 2026 earnings-date announcement on Sep 26, 2025 had a neutral reaction, providing a direct precedent for this new Q3 scheduling news.

Market Pulse Summary

This announcement sets specific dates for Saratoga Investment’s fiscal Q3 2026 results on January 7, 2026 and its conference call on January 8, 2026, giving investors a clear timeline for the next data point. Context includes the firm’s role as a middle-market lender and its exposure to a $450 million CLO and $400 million JV CLO. Ahead of the release, investors typically focus on credit quality, non-accrual levels, and income trends discussed on the call.

Key Terms

business development company financial

"Saratoga Investment Corp. (NYSE:SAR), a business development company, will report"

A business development company is a publicly traded investment vehicle that lends to and buys stakes in smaller or privately held companies, acting like a combination of a lender, investor, and business partner. It matters to investors because BDCs offer the potential for higher regular income through dividends and diversified exposure to growing businesses, but they can also carry greater credit and liquidity risk than typical stocks or bonds—think higher-yielding but riskier income instruments.

unitranche financial

"invests primarily in senior and unitranche leveraged loans and mezzanine debt"

A unitranche loan is a single debt agreement that combines what would normally be separate senior and junior loans into one facility with a single interest rate and repayment schedule. For investors it simplifies the company's borrowing picture but changes the risk and return because lenders share one common claim on assets and receive a blended yield, which affects how quickly creditors are repaid in distress and the firm's flexibility to raise or restructure debt — like merging two traffic lanes into one road.

mezzanine debt financial

"senior and unitranche leveraged loans and mezzanine debt, and, to a lesser extent, equity"

Mezzanine debt is a hybrid loan that sits between a company’s senior bank debt and equity ownership: it pays higher interest than regular loans because it takes on more risk, and often includes an option to convert into shares or warrants. Investors care because it offers higher potential returns than plain debt while carrying greater chance of loss or equity dilution if the company struggles, making it a middle-ground choice for yield and upside.

collateralized loan obligation financial

"manages a $450 million collateralized loan obligation (“CLO”) fund that is in wind-down"

A collateralized loan obligation (CLO) is a financial product that bundles many corporate loans into a single pool and then sells pieces of that pool to investors, with each piece offering different levels of risk and return. Think of it like a large box of varied loans sliced into portions so investors can choose higher safety with lower yield or higher reward with more risk; CLO performance matters because it concentrates credit and interest-rate risk and affects income stability for holders.

subordinated notes financial

"owns 52% of the Class F and 100% of the subordinated notes of the CLO"

Subordinated notes are loans companies issue that rank below other debts for repayment, meaning holders get paid only after higher-priority creditors if the issuer runs into trouble. Because they act like being farther back in line at a buffet, they usually offer higher interest to compensate for greater risk, so investors watch them for potential higher returns but also increased chance of loss and sensitivity to the issuer’s financial health.

sbic-licensed regulatory

"owns two active SBIC-licensed subsidiaries, having surrendered its first license"

A sbic-licensed firm is officially approved by the U.S. Small Business Administration to raise private money and borrow government-backed funds to invest in small businesses. Think of it like a locally certified lender that gets extra capital support from the government to help growing companies — this matters to investors because the license can increase a fund’s resources, influence risk and return profiles, and subjects the manager to additional oversight and rules.

AI-generated analysis. Not financial advice.

NEW YORK, Dec. 16, 2025 (GLOBE NEWSWIRE) -- Saratoga Investment Corp. (NYSE:SAR), a business development company, will report its financial results for the fiscal quarter ended November 30, 2025, on Wednesday January 7, 2026, after market close. A conference call to discuss the financial results will be held on Thursday January 8, 2026. Details for the conference call are provided below.

Who:	Christian L. Oberbeck, Chairman and Chief Executive Officer
	Michael J. Grisius, Chief Investment Officer
	Henri J. Steenkamp, Chief Financial Officer, Chief Compliance Officer, Treasurer and Secretary
When:	Thursday, January 8, 2026
	10:00 a.m. Eastern Time (ET)
How:	Webcast: Interested parties may access a live webcast of the call and find the Q3 2026 presentation by going to the “Events & Presentations” section of Saratoga Investment Corp.’s investor relations website, Saratoga events and presentations. A replay of the webcast will also be available for a limited time at Saratoga events and presentations.
Call:	To access the call by phone, please go to Registration Link, and you will be provided with dial in details. To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled start time.
Information:	Saratoga Investment Corp.’s Form 10-Q for the fiscal quarter ended November 30, 2025, will be filed on January 7, 2026, with the Securities and Exchange Commission.

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, as amended, 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 $450 million collateralized loan obligation (“CLO”) fund that is in wind-down 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-R 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.

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Contact:

Henri Steenkamp
Saratoga Investment Corp.
212-906-7800

FAQ

When will Saratoga Investment Corp (NYSE:SAR) report Q3 2026 results?

Saratoga will report results for the fiscal quarter ended November 30, 2025 on January 7, 2026 after market close.

When is the Saratoga Investment Corp (SAR) conference call to discuss Q3 2026?

The conference call is scheduled for January 8, 2026 at 10:00 a.m. ET.

Who will participate on Saratoga Investment Corp's (SAR) January 8, 2026 call?

Participants include CEO Christian L. Oberbeck, CIO Michael J. Grisius, and CFO Henri J. Steenkamp.

How can investors access the Saratoga Investment Corp (SAR) webcast and replay?

Access the live webcast and the Q3 2026 presentation via the company’s investor relations "Events & Presentations" page; a replay will be available for a limited time.

Will Saratoga Investment Corp (SAR) file an SEC report with the Q3 2026 results?

Yes. Saratoga will file its Form 10-Q for the quarter ended November 30, 2025 on January 7, 2026.

How do I join the Saratoga Investment Corp (SAR) phone call on January 8, 2026?

Register via the provided registration link to receive dial-in details and consider dialing in 15 minutes early to avoid delays.