Silver Spike Investment Corp
For the period ended Dec 31, 2023. Filed Mar 28, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 28, 2024
LIEN$9.10+0.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Statements of Assets and Liabilities
| December 31, 2023 | December 31, 2022* | |
|---|---|---|
| ASSETS | ||
| Investments at fair value: | ||
| Non-control/non-affiliate investments at fair value (amortized cost of $53,471,317 and $50,527,898, respectively) | $54,120,000 | $50,254,550 |
| Cash and cash equivalents | 32,611,635 | 35,125,320 |
| Interest receivable | 1,755,360 | 1,559,081 |
| Prepaid expenses | 39,276 | 32,323 |
| Other assets | 50,000 | - |
| Total assets | 88,576,271 | 86,971,274 |
| LIABILITIES | ||
| Income-based incentive fees payable | 1,511,253 | - |
| Transaction fees payable related to the Loan Portfolio Acquisition | 711,264 | - |
| Management fee payable | 257,121 | 170,965 |
| Audit fees payable | 123,998 | 50,000 |
| Directors fees payable | 94,760 | 32,049 |
| Capital gains incentive fees payable | 87,583 | - |
| Administrator fees payable | 86,463 | 57,306 |
| Legal fees payable | 84,824 | 42,215 |
| Valuation fees payable | 24,675 | - |
| Professional fees payable | 17,233 | 28,744 |
| Other payables | 13,822 | 33,663 |
| Excise tax payable | 10,655 | 80,566 |
| Distributions payable | 2 | - |
| Due to affiliate | - | 37 |
| Total liabilities | 3,023,653 | 495,545 |
| Commitments and contingencies (Note 6) | ||
| NET ASSETS | ||
| Common Stock, $0.01 par value, 100,000,000 shares authorized, 6,214,941 and 6,214,672 shares issued and outstanding, respectively | 62,149 | 62,147 |
| Additional paid-in-capital | 85,041,203 | 84,917,788 |
| Distributable earnings | 449,266 | 1,495,794 |
| Total net assets | $85,552,618 | $86,475,729 |
| NET ASSET VALUE PER SHARE | $13.77 | $13.91 |
| * | On November 8, 2022, our Board of Directors approved a change in our fiscal year end from March 31 to December 31. |
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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.