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Saratoga Investment Corp 7.25% Notes due 6/30/2025
Ticker Symbol: SAK* CUSIP: 80349A604 Exchange: NYSE
* NOTE: This security is no longer trading as of 7/14/2022
Security has been Called for: Thursday, July 14, 2022
June 14, 2022 -- The Company is electing to exercise its option to redeem, in whole, the 7.25% Notes due 2025. The Company will redeem $43,125,000 in aggregate principal amount of the issued and outstanding Notes on July 14, 2022. The redemption price for the Notes equals 100% of the $43,125,000 aggregate principal amount of the Notes being redeemed (or $25 in principal amount per Note), plus the accrued and unpaid interest thereon, through, but excluding, the Redemption Date (the “Redemption Payment”). The aggregate accrued interest on the Notes being redeemed that is payable on the Redemption Date will be approximately $373,451.52 (or approximately $0.22 on each $25 principal amount of the Notes being redeemed).
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Saratoga Investment Corp., 7.25% Notes due 2025, issued in $25 denominations, redeemable at the issuer's option on or after 6/24/2022 at $25 per note plus accrued and unpaid interest, and maturing 06/30/2025. Interest distributions of 7.25% per annum ($1.8125 per annum or $0.453125 per quarter) will be paid quarterly on 2/28, 5/31, 8/31 & 11/30 to holders of record on the record date that will be 2/15, 5/15, 8/15 & 11/15 respectively (NOTE: the ex-dividend date is one business day prior to the record date). Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. This security was not rated by Moody’s or S&P at the time of its IPO. The Notes are unsecured and unsubordinated obligations of the company and will rank equally with all existing and future unsecured and unsubordinated indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (SAR)
IPO - 6/24/2020 - 1.50 Million Notes @ $25/note.
Link to IPO Prospectus
Previous Ticker Symbol: SAC Changed: 6/24/2020
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 535 Madison Avenue, 4th Floor, New York, NY 10022 |
| Main Phone Number |
212-906-7800 |
| Fax Number |
Not Available |
| Investor Relations
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212-906-7800
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| CEO - Christian L. Oberbeck |
CFO - Henri J. Steenkamp |
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