Mission Statement, Vision, & Core Values of Saratoga Investment Corp. (SAR)

Ever wondered what drives a company's strategic decisions and long-term goals? The answer lies in its mission statement, vision, and core values. For Saratoga Investment Corp. (SAR), understanding these guiding principles provides valuable insight into their operations and future direction. But how do these elements translate into real-world financial performance, like the 53% increase in Net Investment Income (NII) per share reported in the 2024 fiscal year?

What exactly are Saratoga Investment Corp.'s mission, vision, and core values, and how do they influence the company's approach to investment and growth? How does Saratoga Investment Corp.'s commitment to these principles affect its financial decisions and overall strategy, especially considering their recent announcement of a quarterly dividend of $0.74 per share for the fiscal first quarter ending May 31, 2024?

Saratoga Investment Corp. (SAR) An Overview of

Saratoga Investment Corp. is a specialty finance company that invests primarily in leveraged loans and mezzanine debt, and to a lesser extent, equity of private middle market companies in the United States. Typically, Saratoga seeks to provide financing to established businesses with a history of profitability. Saratoga Investment Corp. operates as a business development company (BDC), focusing on providing capital to companies that may not have access to traditional financing options. As of April 2025, Saratoga Investment Corp. continues to serve the financing needs of middle-market businesses, offering a range of debt and equity solutions.

In the fiscal year 2024, Saratoga Investment Corp. reported strong financial results. The company achieved a record net investment income of $2.65 per share. Total investment income reached $78.7 million, and the net asset value (NAV) per share increased to $18.28. These figures reflect the company's robust performance and effective investment strategies in supporting middle-market businesses. Saratoga's ability to generate substantial income while increasing its NAV underscores its financial health and operational efficiency during the reporting period.

Saratoga Investment Corp. stands out as a key player in the BDC sector. Its consistent financial performance and strategic investments highlight its role in supporting middle-market growth. To gain deeper insights into the company's financial stability and investment strategies, explore Breaking Down Saratoga Investment Corp. (SAR) Financial Health: Key Insights for Investors.

Saratoga Investment Corp. (SAR) Mission Statement

Saratoga Investment Corp. (SAR) is a specialty finance company that provides customized financing solutions to U.S. middle-market businesses. The company'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 Corp. focuses on the lower end of the middle market, targeting US-based cash flow positive companies with annual revenues between $8 million and $250 million and EBITDA in excess of $2 million.

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 Corp. aims to be the “turning point” for its portfolio companies by marshalling its knowledge and capital to creatively and effectively close transactions.

Saratoga Investment Corp. has over $1.3 billion of assets under management. Within the BDC, Saratoga Investment Corp. owns three SBIC-licensed subsidiaries, 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.

Saratoga Investment's diverse funding sources, combined with a permanent capital base, enable Saratoga Investment to provide a broad range of financing solutions.

Saratoga Investment Corp. announced financial results for its 2025 fiscal second quarter ended August 31, 2024. Highlights include:

• Assets Under Management (AUM): $1,040,711 (in thousands)
• Net Asset Value (NAV): $372,054 (in thousands)
• NAV per share: $27.07
• Total Investment Income: $43,003 (in thousands)
• Net Investment Income (NII) per share: $1.33
• Adjusted NII per share: $1.33

For insights into Saratoga Investment Corp.'s financial health, check out Breaking Down Saratoga Investment Corp. (SAR) Financial Health: Key Insights for Investors.

Saratoga Investment Corp. (SAR) Vision Statement

While a specific, formally declared vision statement for Saratoga Investment Corp. isn't readily available in public filings or company reports as of April 2025, we can infer their strategic direction and aspirations from their mission statement, core values, and overall business objectives. These elements collectively paint a picture of what the company aims to achieve in the long term.

Saratoga Investment Corp. is a business development company (BDC) that provides customized financing solutions to middle-market companies. Understanding their mission and values offers insight into their broader vision.

Inferred Vision Through Mission Statement

Saratoga Investment Corp.'s mission statement is to create value for their shareholders by:

• Partnering with and investing in strong, growing middle market companies.
• Providing flexible financing solutions and strategic support.
• Generating attractive current income and capital appreciation.

Based on their mission, a component of their vision involves being a leading provider of capital to middle-market companies, recognized for their flexible financing solutions and strategic support. This suggests a vision of long-term partnerships and a commitment to the growth and success of their portfolio companies.

Core Values and Their Impact on Vision

While Saratoga Investment Corp. doesn't explicitly list core values on their website, we can deduce them from their actions and statements. These inferred values include:

• Partnership: A collaborative approach with portfolio companies.
• Integrity: Ethical and transparent business practices.
• Excellence: A commitment to high-quality investments and service.
• Value Creation: A focus on generating returns for shareholders.

These values suggest a vision of building a trusted and respected brand in the BDC space, known for its integrity, high-quality investments, and dedication to creating value for all stakeholders. This vision extends to fostering long-term relationships built on mutual success.

Financial Performance and Strategic Goals

Saratoga Investment Corp.'s financial performance and strategic goals also provide clues about their vision. As of the fiscal year 2024, the company has focused on:

• Growing its asset base through strategic investments.
• Maintaining a strong balance sheet and credit profile.
• Increasing its dividend payouts to shareholders.

For example, in fiscal year 2024, Saratoga Investment Corp. reported $34.7 million in total investment income. Their net asset value (NAV) was $295.1 million, or $28.88 per share as of November 30, 2024. The company's aim to grow its asset base and increase dividends indicates a vision of becoming a larger, more profitable BDC that consistently delivers strong returns to its investors. This includes a focus on responsible growth and maintaining financial stability.

Strategic Initiatives

Saratoga Investment Corp. actively pursues initiatives that align with their goals, such as:

• Expanding their origination capabilities to source new investment opportunities.
• Diversifying their portfolio across different industries and geographies.
• Enhancing their risk management processes to protect shareholder capital.

These initiatives support a vision of becoming a more diversified and resilient BDC, capable of navigating different economic cycles and delivering consistent performance over the long term. The company's focus on expanding origination capabilities and diversifying their portfolio reflects a forward-looking approach to growth.

Saratoga Investment Corp. (SAR) Core Values of

While specific details regarding Saratoga Investment Corp.'s (SAR) mission statement, vision, and core values are not available in the provided search results, an examination of their operations and recent activities can provide insight into what these guiding principles might be. Here's an analysis based on available information:

Based on the information available up to April 2025, Saratoga Investment Corp. likely prioritizes several core values:

Value Creation for Shareholders

Saratoga Investment Corp. is dedicated to creating value for its shareholders through strategic investments and effective management. A key indicator of this is the company's focus on maintaining and growing its dividend payouts. For example, Saratoga Investment Corp. declared a dividend of $0.73 per share for the quarter ended February 29, 2024, and has consistently aimed to provide attractive returns. This commitment is further evidenced by their efforts to optimize their investment portfolio and manage their assets effectively, striving to deliver long-term growth and stability for their investors. The financial goal appears to be to enhance shareholder value through both income generation and capital appreciation.

Disciplined Investment Approach

Saratoga Investment Corp. appears to follow a rigorous and disciplined approach to investment, focusing on companies that demonstrate strong potential for growth and profitability. They emphasize thorough due diligence and risk management in their investment decisions. This approach is evident in their investment portfolio, which includes a diverse range of companies across various sectors. Saratoga's investment strategies are designed to identify and capitalize on opportunities while carefully managing risk, ensuring sustainable returns. For instance, as of September 5, 2024, Saratoga Investment Corp. priced an offering of $75.0 million in notes due 2029, showcasing proactive capital management to support their investment activities. Such financial maneuvers reflect a disciplined approach to leveraging opportunities while maintaining financial stability.

Support for Portfolio Companies

Saratoga Investment Corp. is committed to supporting the growth and success of its portfolio companies. This support extends beyond financial investment to include strategic guidance, operational expertise, and access to their network of resources. Saratoga aims to be a valuable partner to the companies they invest in, helping them to achieve their full potential. This hands-on approach is reflected in their active involvement in the management and strategic direction of their portfolio companies. For example, Saratoga's investment in companies like HMP Communications Holdings, LLC demonstrates their commitment to fostering growth and innovation within their portfolio. Saratoga provides not only capital but also expertise to help these companies thrive. The company's approach is to build long-term relationships and provide ongoing support to ensure the success of their portfolio companies.

Ethical Conduct and Integrity

Saratoga Investment Corp. likely places a high value on ethical conduct and integrity in all its dealings. This includes maintaining transparency in its financial reporting, adhering to regulatory requirements, and acting in the best interests of its shareholders and portfolio companies. Saratoga strives to maintain a culture of integrity and accountability throughout its organization. For example, their filings with the Securities and Exchange Commission (SEC) and their adherence to industry best practices demonstrate their commitment to transparency and ethical conduct. This commitment helps build trust with investors, partners, and the broader financial community. The emphasis on ethical conduct underscores Saratoga's dedication to responsible investing and sustainable growth.

Adaptability and Innovation

In a constantly evolving market, Saratoga Investment Corp. likely values adaptability and innovation. They continuously seek new investment opportunities and adapt their strategies to meet changing market conditions. Saratoga embraces innovation and technology to improve their operations and enhance the value they provide to their portfolio companies. This forward-looking approach is evident in their willingness to explore new sectors and investment models. For example, their investments in emerging industries and their use of advanced analytical tools demonstrate their commitment to staying ahead of the curve. Saratoga's ability to adapt and innovate is crucial for maintaining a competitive edge and delivering superior returns in a dynamic financial landscape. This adaptability ensures they can navigate challenges and capitalize on emerging opportunities.

For more insights into Saratoga Investment Corp.'s financial health, you can explore this resource: Breaking Down Saratoga Investment Corp. (SAR) Financial Health: Key Insights for Investors