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Silver Spike Investment Corp (SSIC)

BDC - Equity Focused BDC

Data as of Sept. 21, 2023
Market Price $9.45 (- $0.34)
NAV (June 30, 2023) $14.49 ( $0.00)
Fund Listed NASDAQ
Premium / Discount -34.78% (-2.35%)
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.
Capital & Leverage
Outstanding Shares 6,214,672
Total Assets (Reported: June 30, 2023) $91M
Estimated Total Assets $90M
Net Assets $90M
Market Cap $59M
Portfolio Turnover 0.00%
Debt-to-Equity 0.0000
Total Leverage 0.00%
Structural Leverage (out of total) %
Portfolio Leverage (out of total) %
Expense Ratio 4.54%
Non Lev Exp Ratio 4.54%
Gross Asset Expense Ratio 4.35%
Gross Asset Non Lev Exp Ratio 4.35%
Rel Lev Cost %
Discount Data
Average Discount (3 Yr) %
Discount Low(3 Yr) -47.20%
Discount High(3 Yr) -21.26%
Discount Rel Range (3 Yr) 56.93%
Comp Discount 15.85
Discount St Dev (1Yr) 6.69
Z-Stat (6mo) 1.67
Z-Stat (1Yr) 0.26
Z-Stat (3Yr)
Comp Z-Stat (6mo) 1.62
Comp Z-Stat (3Yr)
Distribution Data
Market Yield 9.74%
Income Yield 9.74%
Lev Adj NAV Yield 6.35%
Av Yield on Debt Investments 18.08
Distribution Frequency Q
Current Distribution $0.230
Current Income $0.230
Ex-Date 9/14/23
Payable Date 9/29/23
Div Growth (3yr) %
Dividend Change % on
Expected Div
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Volume & Liquidity
Average Daily $ (K) $57
Avg Volume 30 day 9,018
Avg Volume 90 day 5,981
Volume Trend 50.78%
Comp Volume Trend 54.32%
Correlation & Volatility
Price St Dev (1Yr) 41.4%
NAV St Dev (1Yr) 3.4%
Earnings / Share (6/30/23) $0.306
Adj Core NII Coverage 123.26%
1 Yr Avg NII Coverage 91.75%
1 Yr Avg Adj Core NII Coverage 91.84%
NII Trend 65.51%
Adj Core NII Trend 65.77%
Price Beta (2yr)
vs. S&P 500 (TR)
Price Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Beta (2yr)
vs. CEFA's Debt-Focused Business Development Company (BDC) Index
Portfolio Data
Avg Libor Floor % 4.83%
% Loans with Libor Floor 86%

DISCLOSURES: 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 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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