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Stock impact report

Silver Spike Investment Corp. Reports Fiscal Year End 2023 Financial Results

Silver Spike Investment Corp. (SSIC) 
Company Research Source: GlobeNewswire
NEW YORK, March 27, 2024 (GLOBE NEWSWIRE) -- Silver Spike Investment Corp. (“SSIC” or the “Company”) (NASDAQ: SSIC), a specialty finance company that has elected to be regulated as a business development company, today announced its financial results for the fiscal year ended December 31, 2023. Quarter Ended 12/31/23 Highlights Total investment income of $3.6 millionNet investment income of $1.7 million, or $0.28 per shareInvestment portfolio of $54.1 million at fair valueNet asset value (“NAV”) per share decreased from $14.06 on September 30, 2023 to $13.77 on December 31, 2023A cash dividend of $0.25 per share was declared. The dividend is payable on March 28, 2024 to stockholders of record on March 20, 2024. Scott Gordon, Chairman and Chief Executive Officer of the Company, commented “We are pleased to have announced a dividend of $0.25 per share. Despite the continued challenging environment for cannabis operators and investors, we are pleased with the continued strong Show less Read more
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