Saratoga(US:SAR) Globenewswireยท2025-11-12 13:30Core 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]