Saratoga Investment Corp. Fiscal Third Quarter 2024 Shareholder Presentation January 10, 2024 Steady Growth and Performance in Q3FY24 Fiscal Third Quarter 2024 Highlights: • Continued high quality portfolio and strong performance • Investment quality remains strong • 97.1% of loan investments with highest internal rating and three non-accruals (2.6% of fair value/ 6.0% of cost) • Return on equity of 6.6% for LTM, as compared to industry average of 7.5% • Net unrealized depreciation of $17.9 million for Q3 i ...