Saratoga Investment Corp. Celebrates Five Year Anniversary by Ringing NYSE's Closing Bell®
"All of us at
"Our success rests on the prudent investment judgment and disciplined capital deployment exercised by the extremely talented and committed team of investment professionals that we have built over the course of the last five years," said
Over the last five years,
- Superior shareholder returns -
Saratoga Investment has achieved annualized rates of return in excess of 18% for the past one-, three- and five-year periods, positioning the Company as one of the top four or better performing BDC's for each period
- Expanding the Core Team of Expert Investment Professionals and Support Staff - doubled the number of investment professionals since 2010
- Continuously Improving Financial Performance - net investment income yield increased to approx. 9%, up from approx. 5% in 2010
- Improving Credit Quality - Over 95% of
Saratoga Investment's investment portfolio holds its highest possible credit rating, up from only 29% in 2010 before Saratoga management took over, with no realized losses throughout the last five years in newly originated investments bySaratoga Investment
- Growing Assets Under Management - more than tripled from
$80 million to over$260 million , and including the assets managed by the Company in the collateralized loan obligation fund, total assets are up to over$560 million
- Expanding Strong and Long-Term Liquidity Base and Borrowing Capacity - currently completing
$150 million borrowing capacity (ten year fixed debentures) in firstSmall Business Investment Company ("SBIC") fund, with "Green Light" letter received fromU.S. Small Business Administration to continue the application process to obtain an additional$75 million borrowing capacity in a second fund. Baby Bonds issuance in 2013 provided an additional$48.3 million of liquidity, together with$45 million revolving credit facility withMadison Capital amended and extended in 2014
- Launching Quarterly Cash Dividend Policy - in fiscal 2015,
Saratoga Investment achieved a long-term goal of establishing a policy of paying regular, quarterly, cash dividends
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Forward Looking Statements
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