Saratoga Investment Corp. Prepares to Share Q2 Results Soon
Saratoga Investment Corp. Prepares for Financial Call
Saratoga Investment Corp. (NYSE:SAR) is gearing up to release its financial results for the fiscal quarter that wrapped up at the end of August. Investors and stakeholders eagerly await the announcement set for October, highlighting the company's ongoing commitment to transparency and performance in the business development sector.
Details of the Upcoming Report
The anticipated financial results will be unveiled after market close, with the announcement being made available to the public. Shortly after the release, a conference call is scheduled, aiming to provide deeper insights into Saratoga's financial standing. This is a crucial event for those interested in the company's financial health and future direction.
Who Will Be Present?
The call will feature key company executives, including Christian L. Oberbeck, the Chairman and Chief Executive Officer, alongside Michael J. Grisius, the Chief Investment Officer, and Henri J. Steenkamp, the Chief Financial Officer. Their participation ensures that investors gain a comprehensive understanding of Saratoga's strategies and financial progress.
When and How to Participate
The conference call is set for Wednesday morning at 10:00 a.m. Eastern Time. Interested parties will have the option to join via a live webcast, which will be accessible through the investor relations section of the company’s official website. Those who wish to listen via phone can register in advance to receive the necessary dial-in information and avoid any delays.
Understanding Saratoga Investment Corp.
Saratoga Investment Corp. operates in the specialty finance sector, focusing on middle-market companies across various industries in the U.S. The company excels in providing tailored financing solutions to facilitate ownership transitions, strategic acquisitions, and other financial maneuvers vital for growth.
Investment Approach
With a strategy that combines senior and unitranche loans along with mezzanine debt, Saratoga aims to create attractive returns while managing risks effectively. This approach allows the firm to support business initiatives that require substantial financial backing and expertise. The company's investment ethos centers on fostering long-term relationships with business leaders, thereby ensuring sustained growth and profitability.
Regulatory Framework and Management
Saratoga operates under the regulations of the Investment Company Act of 1940, which ensures that it adheres to standard fiduciary practices as a business development entity. The company is managed by Saratoga Investment Advisors, LLC, an SEC-registered investment advisor focusing on credit-oriented strategies. This partnership enhances Saratoga’s capability to navigate complex financial landscapes.
Financing and Assets
The diverse funding avenues and a solid capital base rest at the core of Saratoga's operational strategy. The company manages an impressive $650 million collateralized loan obligation (CLO) fund, alongside a joint venture fund with a significant $400 million CLO. This breadth of assets not only bolsters its financial security but also expands the range of financing solutions it can provide to clients.
Subsidiaries and Ownership Structure
Saratoga Investment Corp. boasts two active SBIC-licensed subsidiaries, reflecting its commitment to diverse investment strategies. After successfully repaying debentures and re-evaluating its investment period, the company has strategically positioned itself to optimize its financial operations and shareholder value.
Looking Ahead
As the company gears up for its financial announcement, stakeholders are optimistic about the potential results and what they could signify for future growth. The focus on generating current income while aiming for long-term capital appreciation remains a critical aspect of Saratoga's mission.
Frequently Asked Questions
What is the date for Saratoga's financial results announcement?
The financial results are expected to be announced on October 8, following the close of the market.
When will the conference call take place?
The conference call is scheduled for October 9 at 10:00 a.m. Eastern Time.
Who are the key executives participating in the call?
Christian L. Oberbeck, Michael J. Grisius, and Henri J. Steenkamp will represent Saratoga Investment Corp. during the call.
How can I access the conference call?
Participants can join via a live webcast or by phone using the registration link provided on Saratoga's investor relations website.
What type of company is Saratoga Investment Corp.?
Saratoga Investment Corp. is a specialty finance company providing customized financing solutions to middle-market businesses while focusing on attractive risk-adjusted returns.
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