CEF Advisors AICA Event NAVigator Podcast

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Silver Spike Investment Corp (SSIC)

BDC - Equity Focused BDC

Data as of Nov. 30, 2022
Current
Market Price $10.44 (+ $0.36)
NAV (Sept. 30, 2022) $13.73 ( $0.00)
Fund Listed NASDAQ
Premium / Discount -23.96% (+2.62%)
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
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: Sept. 30, 2022) $85M
Estimated Total Assets $85M
Net Assets $85M
Market Cap $65M
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 2.97%
Non Lev Exp Ratio 2.97%
Gross Asset Expense Ratio 2.93%
Gross Asset Non Lev Exp Ratio 2.93%
Rel Lev Cost %
Discount Data
Average Discount (3 Yr) %
Discount Low(3 Yr) -34.02%
Discount High(3 Yr) -21.26%
Discount Rel Range (3 Yr) 78.83%
Comp Discount 20.80
Discount St Dev (1Yr)
Z-Stat
Z-Stat (6mo) 1.10
Z-Stat (1Yr)
Z-Stat (3Yr)
Comp Z-Stat (6mo) 1.39
Comp Z-Stat (3Yr)
Distribution Data
Market Yield 0.00%
Income Yield 0.00%
Lev Adj NAV Yield 0.00%
Av Yield on Debt Investments 16.40
Distribution Frequency Q
Current Distribution $
Current Income $
Ex-Date
Payable Date
Div Growth (3yr) %
Dividend Change % on
Expected Div
RoC (1yr) %
RoC (3yr) %
Volume & Liquidity
Average Daily $ (K) $15
Avg Volume 30 day 1,205
Avg Volume 90 day 1,462
Volume Trend -17.58%
Comp Volume Trend -4.62%
Correlation & Volatility
Price St Dev (1Yr) %
NAV St Dev (1Yr) %
Earnings
Earnings / Share (9/30/22) $0.089
Adj Core NII Coverage %
1 Yr Avg NII Coverage %
1 Yr Avg Adj Core NII Coverage %
NII Trend %
Adj Core NII Trend %
Performance
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 % 4.00%
% Loans with Libor Floor 84%

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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