7204 Glen Forest Drive, Suite #105 Richmond, Virginia 23226 USA ♦ Toll-Free: (800) 356-3508 / Local: (804) 288-2482 ♦ www.CEFadvisors.com ♦ Contact@CEFadvisors.com
7204 Glen Forest Drive, Suite #105 Richmond, Virginia 23226 USA ♦ Toll-Free: (800) 356-3508 / Local: (804) 288-2482 ♦ www.CEFadvisors.com ♦ Contact@CEFadvisors.com
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www.AICalliance.org
| Current | |
|---|---|
| Market Price | $12.00 (+ $0.15) |
| NAV (March 31, 2024) | $13.60 ( $0.00) |
| Fund Listed | NASDAQ |
| Premium / Discount | -11.76% (+1.10%) |
| Fund Info | |
|---|---|
| Inception | March 4, 2022 |
| Sponsor | Silver Spike Capital, LLC |
| Website | https://ssic.silverspi... |
| Phone | 212-905-4923 |
| Location | New York |
| Incorporated | Maryland (Subject to the Maryland Act) |
| Staggered Board | No | Term Date | N/A |
| Objective: Current income from our debt investments and capital appreciation by investing primarily in secured debt, unsecured debt, equity warrants and direct equity investments in middle-market cannabis companies and health and wellness companies and may also invest in others. | |
| Capital & Leverage | |
|---|---|
| Outstanding Shares | 6,214,949 |
| Total Assets (Reported: March 31, 2024) | $90M |
| Estimated Total Assets | $85M |
| Net Assets | $85M |
| Market Cap | $75M |
| Portfolio Turnover | 0.40% |
| Debt-to-Equity | 0.0000 |
| Total Leverage | 0.00% |
| Structural Leverage (out of total) | % |
| Portfolio Leverage (out of total) | % |
| Expense Ratio | 13.28% |
| Non Lev Exp Ratio | 13.28% |
| Gross Asset Expense Ratio | 12.57% |
| Gross Asset Non Lev Exp Ratio | 12.57% |
| Rel Lev Cost | % |
| Discount Data | |
|---|---|
| Average Discount (3 Yr) | % |
| Discount Low(3 Yr) | -47.20% |
| Discount High(3 Yr) | -8.97% |
| Discount Rel Range (3 Yr) | 89.81% |
| Comp Discount | 24.85 |
| Discount St Dev (1Yr) | 9.45 |
| Z-Stat | |
|---|---|
| Z-Stat (6mo) | 1.06 |
| Z-Stat (1Yr) | 1.72 |
| Z-Stat (3Yr) | |
| Comp Z-Stat (6mo) | 0.64 |
| Comp Z-Stat (3Yr) | |
| Distribution Data | |
|---|---|
| Market Yield | 8.33% |
| Income Yield | 8.33% |
| Lev Adj NAV Yield | 7.35% |
| Av Yield on Debt Investments | 11.00 |
| Distribution Frequency | Q |
| Current Distribution | $0.250 |
| Current Income | $0.250 |
| Ex-Date | 6/20/24 |
| Payable Date | 6/28/24 |
| Div Growth (3yr) | % |
| Dividend Change | 8.7% on 11/9/23 |
| Expected Div | 8/9/24 |
| RoC (1yr) | 0.00% |
| RoC (3yr) | 0.00% |
| Volume & Liquidity | |
|---|---|
| Average Daily $ (K) | $116 |
| Avg Volume 30 day | 4,796 |
| Avg Volume 90 day | 9,697 |
| Volume Trend | -50.54% |
| Comp Volume Trend | -26.29% |
| Correlation & Volatility | |
|---|---|
| Price Correlation (1yr) vs. S&P 500 (TR) |
-5.0% |
| Price Correlation (1yr) vs. CEFA's 12 Major CEF Sectors Index |
-10.0% |
| Price Correlation (1yr) vs. CEFA's BDC Index |
-4.0% |
| Most Correlated Peer (Mk Pr): RAND | 13.0% | Price St Dev (1Yr) | 30.9% |
| NAV St Dev (1Yr) | 3.8% |
| Earnings | |
|---|---|
| Earnings / Share (3/31/24) | $-0.013 |
| Adj Core NII Coverage | 2.58% |
| 1 Yr Avg NII Coverage | 85.98% |
| 1 Yr Avg Adj Core NII Coverage | 86.83% |
| NII Trend | -52.74% |
| Adj Core NII Trend | -44.59% |
| Performance | |
|---|---|
| Price Beta (2yr) vs. S&P 500 (TR) |
-0.01 |
| Price Beta (2yr) vs. CEFA's 12 Major CEF Sectors Index |
0.04 |
| Price Beta (2yr) vs. CEFA's Debt-Focused Business Development Company (BDC) Index |
0.06 |
| Portfolio Data | |
|---|---|
| Avg Libor Floor % | 2.28% |
| % Loans with Libor Floor | 85% |
| Distribution History (1Yr) | ||||||||
|---|---|---|---|---|---|---|---|---|
| Declared | Payable | Ex Date | Distrib | Income | Short Gain | Long Gain | ROC | Type |
| 5/9/24 | 6/28/24 | 6/20/24 | $0.2500 | $0.2500 | $0.0000 | $0.0000 | $0.0000 | Regular |
| 3/8/24 | 3/28/24 | 3/19/24 | $0.2500 | $0.2500 | $0.0000 | $0.0000 | $0.0000 | Regular |
| 11/9/23 | 12/29/23 | 12/19/23 | $0.2500 | $0.2500 | $0.0000 | $0.0000 | $0.0000 | Regular |
| 11/9/23 | 12/29/23 | 12/19/23 | $0.4500 | $0.4500 | $0.0000 | $0.0000 | $0.0000 | Special: Other |
| 8/10/23 | 9/29/23 | 9/14/23 | $0.2300 | $0.2300 | $0.0000 | $0.0000 | $0.0000 | Regular |
| 8/10/23 | 9/29/23 | 9/14/23 | $0.4000 | $0.4000 | $0.0000 | $0.0000 | $0.0000 | Special: Other |
| Show Full History | ||||||||
| Declared | Payable | Ex Date | Distrib | Income | Short Gain | Long Gain | ROC | Type |
|---|---|---|---|---|---|---|---|---|
| 5/9/24 | 6/28/24 | 6/20/24 | $0.2500 | $0.2500 | $0.0000 | $0.0000 | $0.0000 | Regular |
| 3/8/24 | 3/28/24 | 3/19/24 | $0.2500 | $0.2500 | $0.0000 | $0.0000 | $0.0000 | Regular |
| 11/9/23 | 12/29/23 | 12/19/23 | $0.2500 | $0.2500 | $0.0000 | $0.0000 | $0.0000 | Regular |
| 11/9/23 | 12/29/23 | 12/19/23 | $0.4500 | $0.4500 | $0.0000 | $0.0000 | $0.0000 | Special: Other |
| 8/10/23 | 9/29/23 | 9/14/23 | $0.2300 | $0.2300 | $0.0000 | $0.0000 | $0.0000 | Regular |
| 8/10/23 | 9/29/23 | 9/14/23 | $0.4000 | $0.4000 | $0.0000 | $0.0000 | $0.0000 | Special: Other |
| Total Return (%) - Cash Dividends Periods greater than 1 Year are annualized. |
||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 1 Week | 1 Month | 3 Month | 6 Month | QTD | YTD | 1 Year | 3 Year | 5 Year | 10 Year | |
| Price | 0.84 | 2.21 | 10.56 | 62.55 | 1.52 | 48.10 | 77.31 | |||
| Rank | 2 / 4 | 2 / 4 | 2 / 4 | 1 / 4 | 2 / 4 | 1 / 4 | 1 / 4 | / | / | / |
| Peer Group (Mk Pr) | -0.75 | -0.92 | 3.79 | 15.02 | 3.79 | 15.02 | 25.11 | -7.36 | 6.42 | 0.05 |
| NAV | 0.00 | 0.00 | 1.84 | 2.40 | 0.00 | 2.40 | 6.49 | |||
| Rank | 1 / 4 | 1 / 4 | 1 / 4 | 2 / 4 | 1 / 4 | 2 / 4 | 2 / 4 | / | / | / |
| Peer Group (NAV) | 1.84 | 1.53 | 1.53 | -2.28 | 1.53 | -2.28 | 11.61 | 2.33 | 2.52 | 1.52 |
| Click on any value in "Peer Group" rows to see full peer group total returns | ||||||||||
| Total Return (%) - Reinvested Dividends Periods greater than 1 Year are annualized. |
||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 1 Week | 1 Month | 3 Month | 6 Month | QTD | YTD | 1 Year | 3 Year | 5 Year | 10 Year | |
| Price | 0.84 | 2.21 | 10.62 | 63.42 | 1.52 | 48.90 | 85.82 | |||
| Rank | 2 / 4 | 2 / 4 | 2 / 4 | 1 / 4 | 2 / 4 | 1 / 4 | 1 / 4 | / | / | / |
| Peer Group (Mk Pr) | -0.75 | -0.94 | 3.77 | 15.22 | 3.77 | 15.22 | 27.28 | -11.16 | 2.26 | -1.62 |
| NAV | 0.00 | 0.00 | 1.84 | 2.41 | 0.00 | 2.41 | 6.61 | |||
| Rank | 1 / 4 | 1 / 4 | 1 / 4 | 2 / 4 | 1 / 4 | 2 / 4 | 2 / 4 | / | / | / |
| Peer Group (NAV) | -0.75 | 1.53 | 1.53 | -2.28 | 1.53 | -2.28 | 11.68 | 0.43 | 0.64 | 0.64 |
| Click on any value in "Peer Group" rows to see full peer group total returns | ||||||||||
Market Price Total Return (%) - Dividends
| 1 Week | 1 Month | 3 Month | 6 Month | QTD | YTD | 1 Year | 3 Year | 5 Year | 10 Year | |
|---|---|---|---|---|---|---|---|---|---|---|
| EQS | -0.78 | 0.79 | -12.93 | -14.09 | -3.03 | -11.72 | -12.93 | -19.57 | -4.36 | -6.05 |
| EQS | -0.78 | 0.79 | -12.93 | -14.09 | -3.03 | -11.72 | -12.93 | -19.57 | -4.36 | -6.05 |
| SSSS | 0.00 | 0.25 | 4.71 | 5.82 | -0.25 | 1.52 | -3.38 | -9.72 | 14.96 | 5.33 |
| SSSS | 0.00 | 0.25 | 4.71 | 5.82 | -0.25 | 1.52 | -3.38 | -22.46 | 3.84 | 0.89 |
| RAND | 4.53 | 4.46 | 26.12 | 34.89 | 12.29 | 35.72 | 36.91 | 5.68 | 8.66 | 2.62 |
| RAND | 4.53 | 4.46 | 26.26 | 35.50 | 12.29 | 36.34 | 39.39 | 7.26 | 8.68 | 2.63 |
| SSIC | 0.84 | 2.21 | 10.56 | 62.55 | 1.52 | 48.10 | 77.31 | - | - | - |
| SSIC | 0.84 | 2.21 | 10.62 | 63.42 | 1.52 | 48.90 | 85.82 | - | - | - |
NAV Total Return (%) - Dividends
| 1 Week | 1 Month | 3 Month | 6 Month | QTD | YTD | 1 Year | 3 Year | 5 Year | 10 Year | |
|---|---|---|---|---|---|---|---|---|---|---|
| EQS | 0.00 | 0.00 | 0.00 | -4.79 | 0.00 | -4.79 | 14.19 | 9.56 | -0.98 | 1.20 |
| EQS | 0.00 | 0.00 | 0.00 | -4.79 | 0.00 | -4.79 | 14.19 | 9.56 | -0.98 | 1.20 |
| SSSS | 0.00 | 0.00 | 0.00 | -10.26 | 0.00 | -10.26 | -2.45 | -9.49 | 8.90 | 2.63 |
| SSSS | 0.00 | 0.00 | 0.00 | -10.26 | 0.00 | -10.26 | -2.45 | -15.69 | 3.57 | 0.13 |
| RAND | 0.00 | 0.00 | 1.22 | 3.52 | 0.00 | 3.52 | 6.22 | 5.97 | -0.35 | 0.74 |
| RAND | 0.00 | 0.00 | 1.22 | 3.54 | 0.00 | 3.54 | 6.36 | 6.30 | -0.65 | 0.58 |
| SSIC | 0.00 | 0.00 | 1.84 | 2.40 | 0.00 | 2.40 | 6.49 | - | - | - |
| SSIC | 0.00 | 0.00 | 1.84 | 2.41 | 0.00 | 2.41 | 6.61 | - | - | - |
| Top Companies (%) | |
|---|---|
| State Street Institutional U.S. Government Money Market Fund | 37.7% |
| STIIIZY, Inc. | 24.1% |
| Verano Holdings Corp. | 24.0% |
| Dreamfields Brands, Inc. | 4.9% |
| Curaleaf Holdings, Inc. | 4.8% |
| PharmaCann, Inc. | 4.6% |
DISCLOSURES:
CEFData.com makes data for the universe of closed-end funds (CEFs) and business development companies (BDCs) available to its users. This material is not intended to be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice. This site does not list all the risks associated with each fund. Investors should contact a fund’s sponsor for fund-specific risk information and/or contact a financial advisor before investing.
NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.
The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.
This material is presented for informational purposes only. Under no circumstances is it to be considered an offer to sell, or a solicitation to buy any investment referred to on this page. While the information contained herein is from sources believed reliable, we do not represent that it is accurate or complete and it should not be relied upon as such. Past performance is not necessarily indicative of future results. All investments involve risk including the loss of principal. Returns are presented gross of investment management fees and other appropriate fees (i.e. commissions, custodial fees, etc.).
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