Saratoga Investment Corp. Declares Dividend of $0.75 Per Share for the Fourth Quarter of Fiscal 2026; Paid in Monthly Dividends of $0.25 Per Share
Saratoga Investment Corp. Declares Dividend of $0.75 Per Share for the Fourth Quarter of Fiscal 2026; Paid in Monthly Dividends of $0.25 Per Share December 11th, 2025
Key Take-Aways from CEF Advisors’ Research Call
The average closed-end fund through Friday March 20th is down around 40%. Discounts widened; NAVs and market prices both fell. NAV movements reflect both bear market pricing and a lack of trading in the market, a shortage of bids. Most funds are levered (including 90% of bond funds), and leverage magnifies results on the way up and down.
Webinar Summary
The average closed-end fund through Friday is down 40%. Discounts widened; NAVs and market prices both fell. NAV movements reflect a lack of trading in the market, a shortage of bids. Most funds are levered (including 90% of bond funds), and leverage magnifies results on the way up and down. For those who remember the Financial Crisis, discounts were wider than they ever got on a single day in October 2008. If you’re in closed-end funds, your brokerage statements look scary, reflecting a sentiment of fear in the market. Volatility is something we talk about with every client, but I can guarantee you that every client we’ve brought on in my entire 18-year career has not seen the current level of discounts that we have.
