The following is a summary of the Silver Spike Investment Corp. (SSIC) Q4 2023 Earnings Call Transcript:

Financial Performance:

• Silver Spike reported a Q4 gross investment income of $3.6 million compared to $2.9 million in the previous quarter.

• Net investment income for the quarter was $1.7 million, with net investment income per share standing at $0.28.

• The company's net assets amounted to $85.6 million at the end of the period, a slight decrease from last quarter due to dividend payments.

• For the complete fiscal year 2023, total investment income was $11.9 million with expenditures totaling $5.3 million, including $0.7 million in expenses related to the loan portfolio acquisition.

Business Progress:

• No new investments were made this quarter, with future discussions on origination efforts and portfolios scheduled.

• An impending loan portfolio acquisition from Chicago Atlantic Loan Portfolio is expected to improve scale and liquidity, enhance portfolio diversity, and offer better access to debt and equity capital markets.

• The investment strategy has been expanded to allow investments in companies outside the health and wellness sectors pending they meet the company's investment criteria.

• They have an active pipeline of over $420 million for potential future business.

More details: Silver Spike Invt IR

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