Saratoga Investment established an at-the-market offering program that allows it to sell common stock from time to time through distribution agents. In connection with the effectiveness of its shelf registration statement on Form N-2 (333-292765), the company and Saratoga Investment Advisors entered Amendment No. 5 to the equity distribution agreement with Lucid Capital Markets, Ladenburg Thalmann, Compass Point Research & Trading, and Raymond James & Associates. The amendment reflects the migration of the ATM program to the new shelf registration statement from the prior Form N-2 file (333-269186).
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