Amortization (business)

Saratoga Investment Corp. Announces Fiscal Third Quarter 2023 Financial Results

Retrieved on: 
Tuesday, January 10, 2023

Since Saratoga Investment took over the management of the BDC, $879 million of repayments and sales of investments originated by Saratoga Investment have generated a gross unlevered IRR of 16.4%.

Key Points: 
  • Since Saratoga Investment took over the management of the BDC, $879 million of repayments and sales of investments originated by Saratoga Investment have generated a gross unlevered IRR of 16.4%.
  • For the quarter ended November 30, 2022, total investment income of $26.3 million increased by $9.8 million, or 59.1%, when compared to $16.5 million for the quarter ended November 30, 2021.
  • Net investment income on a weighted average per share basis was $0.83 for the quarter ended November 30, 2022.
  • The Company previously declared in fiscal 2023 a quarterly dividend of $0.54 per share for the quarter ended August, 31, 2022 and $0.53 per share for the quarter ended May 31, 2022.

Tangelo announces its first credit disbursement with the US Development Finance Corporation ("DFC") for US$10,200,000

Retrieved on: 
Wednesday, July 20, 2022

"Small and medium sized enterprises (SMEs) in Mexico drive much of the country's economic growth, yet they lack adequate resources to grow their businesses," said Jim Polan, Vice President of DFC's Office of Development Credit. "DFC's investment in Tangelo -- formerly Mexarrend -- will help address this issue by promoting quality job creation, encouraging innovation, and empowering women in the economy."

Key Points: 
  • MEXICO CITY, July 20, 2022 /PRNewswire/ -- Tangelo announces that it made its first disbursement of the approved credit in 2020 with the DFC.
  • The purpose of the loan is to finance SMEs in Mexico and support their economic development.
  • DFC approved a credit line to Tangelo for US$45,000,000; the company expects to use the rest of the facility in the following quarters.
  • U.S. International Development Finance Corporation (DFC) partners with the private sector to finance solutions to the most critical challenges facing the developing world today.

National Institute on Retirement Security and Conference of Consulting Actuaries Announce Winners of New Innovative Public Pension Funding Strategies Award

Retrieved on: 
Tuesday, March 1, 2022

WASHINGTON, March 1, 2022 /PRNewswire/ --The National Institute on Retirement Security ( NIRS ) and the Conference of Consulting Actuaries ( CCA ) today announce three submissions as winners of the new award competition: Innovative Public Pension Funding Strategies .

Key Points: 
  • WASHINGTON, March 1, 2022 /PRNewswire/ --The National Institute on Retirement Security ( NIRS ) and the Conference of Consulting Actuaries ( CCA ) today announce three submissions as winners of the new award competition: Innovative Public Pension Funding Strategies .
  • NIRS and CCA announce winners of the 2022 Innovative Public Pension Funding Strategies Award.
  • "The winning submissions have provided innovative thinking around public pension funding strategies that can foster ideas for plans across the country.
  • Importantly, each submission was grounded in the principles set forth in the CCA public pension plan funding whitepaper ."