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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Saratoga Investment Corp | NYSE:SAR | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.47 | -1.98% | 23.24 | 23.71 | 23.00 | 23.23 | 84,088 | 16:00:21 |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported) April 16, 2018
SARATOGA INVESTMENT CORP.
(Exact Name of Registrant as Specified in Charter)
Maryland | 1-33376 | 20-8700615 | ||
(State or Other Jurisdiction
of Incorporation) |
(Commission
File Number) |
(IRS Employer
Identification No.) |
||
535 Madison Avenue New York, New York |
10022 | |||
(Address of Principal Executive Offices) | (Zip Code) |
Registrants telephone number, including area code (212) 750-3343
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2. below):
☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 | Other Events |
On April 16, 2018, as permitted by the Small Business Credit Availability Act, which was signed into law on March 23, 2018, the board of directors of Saratoga Investment Corp. (the Company ) approved of the Company becoming subject to a minimum asset coverage ratio ( Asset Coverage Ratio ) of 150% under Sections 18(a)(1) and 18(a)(2) of the Investment Company Act of 1940, as amended. The 150% Asset Coverage Ratio will become effective on April 16, 2019.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
SARATOGA INVESTMENT CORP. |
||||||
Date: April 16, 2018 |
||||||
By: |
/s/ Henri J. Steenkamp |
|||||
Name: |
Henri J. Steenkamp |
|||||
Title: |
Chief Financial Officer, Chief Compliance Officer, Treasurer and Secretary |
1 Year Saratoga Investment Chart |
1 Month Saratoga Investment Chart |
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