For the year ending 2026-02-28, SAY had -$182,938,171 decrease in cash & cash equivalents over the period.
| Cash Flow | 2026-02-28 |
|---|---|
| Net increase (decrease) in net assets resulting from operations | 36,604,298 |
| Distributions from clo, payment-in-kind and other adjustments to cost | -2,584,775 |
| Net accretion of discount on investments | 3,097,921 |
| Amortization of deferred debt financing costs | 4,802,167 |
| Realized losses on extinguishment of debt | -824,010 |
| Income tax expense (benefit) | -196,309 |
| Net realized (gain) loss from investments | 5,746,490 |
| Net change in unrealized (appreciation) depreciation on investments | -5,238,480 |
| Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments | -113,498 |
| Proceeds from sales and repayments of investments | 184,636,335 |
| Purchases of investments | 309,501,690 |
| Interest receivable | -163,415 |
| Management fee receivable | -64,473 |
| Other assets | -168,756 |
| Base management and incentive fees payable | 371,875 |
| Accounts payable and accrued expenses | 95,580 |
| Interest and debt fees payable | -5,374 |
| Directors fees payable | 5,500 |
| Due to manager | 241,435 |
| Net cash provided by (used in) operating activities | -88,029,733 |
| Borrowings on debt | 87,000,000 |
| Paydowns on debt | 79,500,000 |
| Issuance of notes | 149,558,500 |
| Repayments of notes | 212,000,000 |
| Payments of deferred debt financing costs | 6,852,926 |
| Proceeds from issuance of common stock | 18,752,929 |
| Capital contribution from manager | 569,322 |
| Payments of cash dividends | 52,356,092 |
| Repurchases of common stock | 54,314 |
| Payments of offering costs | 25,857 |
| Net cash provided by (used in) financing activities | -94,908,438 |
| Net increase (decrease) in cash and cash equivalents and cash and cash equivalents, reserve accounts | -182,938,171 |
| Cash and cash equivalents and cash and cash equivalents, reserve accounts, beginning of year | 204,723,924 |
| Cash and cash equivalents and cash and cash equivalents, reserve accounts, end of year (see note 2) | 21,785,753 |
SARATOGA INVESTMENT CORP. (SAY)
SARATOGA INVESTMENT CORP. (SAY)