Saratoga Investment Corp (NYSE:SAR) announced that its Board of Directors (the "Board") has adopted a policy that will modify its treatment of the second proposal contained in the Company's 2011 Annual Meeting of Stockholders proxy statement (the "Proxy"). With respect to the second proposal, the new Board policy requires the Company to sell or issue shares of its common stock at an offering price per share that is not less than 85% of the then current net asset value per share.
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(SAR, CBL, NLY, GBLHF.PK) Featured Stocks by BestOtc.com
September 27th, 2011 at 09:16 am