For the quarter ending 2025-11-30, SAY had -$31,246,497 decrease in cash & cash equivalents over the period.
| Cash Flow | 2025-11-30 | 2025-08-31 |
|---|---|---|
| Net increase (decrease) in net assets resulting from operations | 11,999,984 | 27,217,398 |
| Distributions from clo, payment-in-kind and other adjustments to cost | -801,890 | -1,061,847 |
| Net accretion of discount on investments | 1,263,953 | 1,164,246 |
| Amortization of deferred debt financing costs | 1,111,979 | 2,502,178 |
| Realized losses on extinguishment of debt | -123,157 | - |
| Income tax expense (benefit) | -165,989 | - |
| Net realized (gain) loss from investments | 3,070,547 | 2,954,030 |
| Net change in unrealized (appreciation) depreciation on investments | -583,658 | 4,671,690 |
| Income tax expense (benefit) | - | 38,689 |
| Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments | 150,134 | -368,913 |
| Proceeds from sales and repayments of investments | 55,951,738 | 94,942,515 |
| Purchases of investments | 72,054,340 | 102,307,963 |
| Interest receivable | 284,807 | 1,139,595 |
| Management fee receivable | -7,392 | -35,424 |
| Other assets | 1,064,265 | 265,363 |
| Base management and incentive fees payable | 236,703 | 414,555 |
| Payable from open trades | - | 2,000,000 |
| Accounts payable and accrued expenses | 230,275 | 239,435 |
| Interest and debt fees payable | 1,433,095 | -749,243 |
| Directors fees payable | 5,500 | - |
| Due to manager | 308,396 | 281,777 |
| Net cash provided by (used in) operating activities | -8,602,469 | 12,989,081 |
| Borrowings on debt | 32,500,000 | 17,500,000 |
| Paydowns on debt | 32,500,000 | - |
| Repayments of notes | 12,000,000 | 25,000,000 |
| Payments of deferred debt financing costs | 1,351,388 | 25,000 |
| Proceeds from issuance of common stock | 1,507,265 | 17,245,664 |
| Capital contribution from manager | 0 | 569,322 |
| Payments of cash dividends | 10,796,881 | 27,175,451 |
| Payments of offering costs | 3,024 | 22,833 |
| Net cash provided by (used in) financing activities | -22,644,028 | -16,908,298 |
| Net increase (decrease) in cash and cash equivalents and cash and cash equivalents, reserve accounts | -31,246,497 | -3,919,217 |
| Cash and cash equivalents at beginning of period | 200,804,707 | 204,723,924 |
| Cash and cash equivalents at end of period | 169,558,210 | 200,804,707 |
SARATOGA INVESTMENT CORP. (SAY)
SARATOGA INVESTMENT CORP. (SAY)