Saratoga Investment Corp. Fiscal Year-End and Fourth Quarter 2024 Shareholder Presentation May 7, 2024 Steady Growth and Performance in FY24 and Q4 Fiscal Year-End and Fourth Quarter 2024 Highlights: • Continued high quality portfolio and solid performance • Investment quality remains solid • 98.1% of loan investments with highest internal rating and three non-accruals (1.7% of fair value/ 5.7% of cost) • Return on equity in Q4 of 5.8% and 2.5% for LTM, as compared to industry average of 10.1% • Net unreali ...