SAY Profile
SAY Stock refers to Saratoga Investment Corp's 8.125% Notes due 2027. Saratoga Investment Corp is a specialty finance company that invests primarily in leveraged loans and mezzanine debt issued by middle-market companies. The company also invests in equity securities, including preferred stock, common stock, and warrants, and makes direct investments in middle-market companies.
Saratoga Investment Corp's 8.125% Notes due 2027 are senior unsecured debt securities issued by the company. The notes pay a fixed rate of interest of 8.125% per year and mature on June 30, 2027. Interest is paid semi-annually on June 30 and December 31 of each year.
The notes are traded on the NASDAQ stock exchange under the ticker symbol "SAY." The minimum investment required to purchase SAY stock is typically $1,000, with additional purchases in increments of $1,000.
Investors who purchase SAY stock are exposed to credit risk associated with Saratoga Investment Corp. If the company defaults on its debt obligations or goes bankrupt, investors may lose some or all of their investment. Additionally, the value of SAY stock may fluctuate based on changes in interest rates and other economic factors. As with any investment, investors should carefully consider the risks and benefits before investing in SAY stock.
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