Core Points - Saratoga Investment Corp. has declared a special cash distribution of $0.25 per share for the third quarter of fiscal 2026, in addition to its regular monthly dividend of $0.25 per share, resulting in a total cash distribution of $0.50 per share for shareholders of record as of December 2, 2025 [1][2][3] Dividend Details - The special dividend will be paid on December 18, 2025, coinciding with the regular monthly dividend payment [2] - This special dividend is intended to meet the final spillover income distribution requirements for fiscal year 2025 [2] - The total dividend per share for fiscal Q3 2026 is $0.50, which includes both the base and special dividends [4] Management Commentary - The Chairman and CEO of Saratoga Investment expressed satisfaction in rewarding shareholders with a year-end special dividend for the second consecutive year, highlighting strong spillover income and a commitment to efficient capital return [3] - The company aims to provide enhanced value to shareholders while maintaining a buffer against potential adverse events, including interest rate cuts [3] Dividend Reinvestment Plan - Shareholders have the option to receive the special dividend in cash or in shares of common stock through the company's dividend reinvestment plan (DRIP) [3] - Shareholders must instruct their brokers if they prefer to receive dividends in common stock prior to the record date [3] Company Overview - Saratoga Investment is a specialty finance company focused on providing customized financing solutions to U.S. middle-market businesses, primarily through senior and unitranche leveraged loans and mezzanine debt [6] - The company is regulated as a business development company and is externally managed by Saratoga Investment Advisors, LLC [6] - Saratoga Investment manages a $650 million collateralized loan obligation (CLO) fund and co-manages a joint venture fund with a $400 million CLO [6]

Core Viewpoint - Saratoga Investment Corp. has secured a new $85 million senior secured revolving credit facility with Valley National Bank, replacing its previous $65 million facility, enhancing borrowing capacity and extending maturity while reducing costs [1][2][4]. Financing Details - The new Valley Facility increases borrowing capacity by $20 million, raising it to $85 million from the previous $65 million [2][5]. - The maturity of the Valley Facility is extended to November 2028, compared to the January 2026 maturity of the Encina Facility [2][5]. - The applicable margin under the Valley Facility is reduced to 2.85% per annum, a decrease of approximately 150 basis points from the previous all-in rate of 4.35% [5]. Asset and Funding Flexibility - The Valley Facility expands the definition of eligible assets for borrowing base calculations to include additional debt investments, enhancing financing flexibility [2][5]. - At closing, approximately $32.5 million of the total $85 million will be drawn, consistent with the outstanding balance under the previous facility, leaving $52.5 million available for incremental funding [3][5]. - The minimum funding requirement under the Valley Facility is set at the greater of $25 million or 38% of the facility amount, compared to a minimum of $32.5 million for the Encina Facility [5]. Management Commentary - The Chairman and CEO of Saratoga Investment expressed satisfaction with the new facility, highlighting its role in enhancing financing flexibility and lowering capital costs, reflecting strong portfolio performance and lending relationships [4]. - The CFO noted that this financing represents a significant step in capital optimization efforts, allowing for a broader range of eligible assets and improved terms [4]. Company Overview - Saratoga Investment Corp. is a specialty finance company focused on providing customized financing solutions to U.S. middle-market businesses, primarily investing in senior and unitranche leveraged loans and mezzanine debt [6]. - The company aims to generate attractive risk-adjusted returns through current income and long-term capital appreciation from its investments [6]. - Saratoga Investment is regulated as a business development company and manages a $650 million collateralized loan obligation fund, among other financial activities [6].

Core Insights - Angry Chickz has secured an investment from Saratoga Investment Corp. to facilitate national expansion, with plans to increase from 33 locations to over 50 in the next year [1] - The company reported $55.6 million in sales for 2024, reflecting a 58.7% year-over-year increase, with average unit volumes of $2.1 million, surpassing competitors like Popeyes and KFC [2] Company Overview - Founded in 2018 in Los Angeles, Angry Chickz has rapidly grown its presence in the quick-service restaurant (QSR) chicken category [2] - The CEO, David Mkhitaryan, expressed enthusiasm about the partnership with Saratoga, emphasizing the importance of capital and strategic support for growth while maintaining quality and culture [3] Investment Details - Saratoga Investment Corp. is a publicly traded business development company that finances middle-market companies across various industries, with a portfolio that includes other food brands [4] - Mike Grisius, co-managing partner and chief investment officer at Saratoga, highlighted Angry Chickz as a compelling growth investment opportunity due to its strong brand and operational discipline [5] - DelMorgan & Co. acted as the exclusive financial advisor for Angry Chickz during this transaction, while Glaser Weil LLP provided legal counsel [5]

Core Insights - The article promotes Systematic Income's Income Portfolios, which are designed with a focus on yield and risk management considerations [1] Group 1 - Systematic Income offers powerful Interactive Investor Tools to assist in navigating various financial markets, including BDC, CEF, OEF, preferred stocks, and baby bonds [1] - The company provides a no-risk opportunity for potential clients to explore its services through a 2-week free trial [1]

Core Insights - The financial sector is experiencing a trend of oversold stocks, presenting potential buying opportunities for undervalued companies [1][2] Company Summaries - **Morningstar Inc (NASDAQ:MORN)**: The company announced an acquisition of the Center for Research in Security Prices (CRSP). Its stock has decreased by approximately 8% over the past month, with a 52-week low of $210.02. The RSI value is 28.1, and shares closed at $214.51, reflecting a 1.8% increase [8] - **Evertec Inc (NYSE:EVTC)**: Recently appointed Joaquin Castrillo as COO and promoted Karla Cruz-Jusino to CFO. The stock has fallen around 12% in the last month, with a 52-week low of $29.38. The RSI value is 28.8, and shares closed at $29.87, showing a 0.9% increase [8] - **Saratoga Investment Corp (NYSE:SAR)**: Reported disappointing quarterly results but noted growth in NAV and strong return on equity. The stock has also decreased by about 12% over the past month, with a 52-week low of $21.10. The RSI value is 28.8, and shares closed at $21.72, up by 0.7% [8]

Group 1 - The article does not provide any specific content related to a company or industry [1]

Core Insights - David A. Johnson is the founder and principal of Endurance Capital Management, specializing in various investment vehicles including stocks, bonds, options, ETFs, REITs, real estate, closed-end funds, hedge funds, and private credit [1] Group 1 - David A. Johnson has over 30 years of experience in investing and holds a Master of Science (MS) Degree in Finance with a concentration in Investment Analysis from Boston University [1] - He also possesses a Certificate in Financial Planning and an MBA from Fordham University [1]

Core Insights - David A. Johnson is the founder and principal of Endurance Capital Management, specializing in various investment vehicles including stocks, bonds, options, ETFs, REITs, real estate, closed-end funds, hedge funds, and private credit [1] Group 1 - David A. Johnson has over 30 years of experience in investing and holds a Master of Science (MS) Degree in Finance with a concentration in Investment Analysis from Boston University [1] - He also possesses a Certificate in Financial Planning and an MBA from Fordham University [1]

Core Insights - The article emphasizes the importance of a hybrid investment strategy that combines classic dividend growth stocks with Business Development Companies, REITs, and Closed End Funds to enhance investment income while achieving total returns comparable to traditional index funds [1]. Group 1: Investment Strategy - The company advocates for a diversified approach to investing, focusing on high-quality dividend stocks that provide long-term growth potential [1]. - A hybrid system is proposed, blending growth and income investments to optimize total returns [1]. - The strategy aims to achieve total returns that are on par with the S&P 500 index, indicating a balanced risk-return profile [1].

Core Insights - The article emphasizes the importance of a hybrid investment strategy that combines classic dividend growth stocks with Business Development Companies, REITs, and Closed End Funds to enhance investment income while achieving total returns comparable to traditional index funds [1]. Investment Strategy - The investment approach focuses on high-quality dividend stocks and assets that provide long-term growth potential, which can significantly contribute to income generation [1]. - The strategy aims to create a balanced portfolio that captures total returns on par with the S&P 500, indicating a blend of growth and income [1].