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Saratoga Investment Corp. Message Board

  • stock99a stock99a Sep 21, 2012 4:20 PM Flag

    Proxy Vote

    I think the proxy allows the sale of additional shares 15% below the NAV but doesn't SAR already trade on the open market well below 15% of NAV? The management has always said there will be a large cash dividend when the money under management is larger and that is why they have tried to keep to a stock dividend. If the management is not going to use the money from a stock sale for salaries and/or bonuses and if you own the stock and trust them you would have to believe they will invest the money wisely.

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    • Article comments on SAR. States NAV as $25.94. In comment section BeauZeau write IRS authorization for BDC declaring a stock dividend has expired. Does that mean no SAR stock dividend this year?

      http://seekingalpha.com/article/916901-bdc-review-redux-part-ii-6-companies-in-recovery

 
SAR
17.85+0.33(+1.88%)Sep 30 4:00 PMEDT