Silver Spike Investment Corp
For the period ended Dec 31, 2023. Filed Mar 28, 2024.
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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 Operations
| Year Ended December 31, 2023 | For the period from April 1, 2022 through December 31, 2022* | Year Ended March 31, 2022 | |
|---|---|---|---|
| INVESTMENT INCOME | |||
| Non-control/non-affiliate investment income | |||
| Interest income | $11,736,649 | $3,626,792 | $10,073 |
| Fee income | 196,251 | 410,000 | - |
| Total investment income | 11,932,900 | 4,036,792 | 10,073 |
| EXPENSES | |||
| Income-based incentive fees | 1,511,253 | - | - |
| Management fee | 1,013,764 | 336,432 | - |
| Transaction expenses related to the Loan Portfolio Acquisition | 711,264 | - | - |
| Audit expense | 499,698 | 210,284 | 40,000 |
| Legal expenses | 343,824 | 484,412 | 34,069 |
| Administrator fees | 335,253 | 171,494 | 47,151 |
| Insurance expense | 269,719 | 228,288 | 46,488 |
| Director expenses | 200,955 | 99,845 | - |
| Valuation fees | 115,985 | - | - |
| Capital gains incentive fees | 87,583 | - | - |
| Other expenses | 85,953 | 122,070 | 6,808 |
| Professional fees | 70,150 | 70,264 | 34,920 |
| Custodian fees | 48,000 | 36,150 | 36,000 |
| Excise tax expense | 10,655 | 80,566 | - |
| Organizational expenses | - | - | 328,002 |
| Total expenses | 5,304,056 | 1,839,805 | 573,438 |
| NET INVESTMENT INCOME (LOSS) | 6,628,844 | 2,196,987 | (563,365) |
| NET REALIZED GAIN (LOSS) FROM INVESTMENTS | |||
| Non-controlled/non-affiliate investments | (210,767) | - | - |
| Net realized gain (loss) from investments | (210,767) | - | - |
| NET CHANGE IN UNREALIZED APPRECIATION (DEPRECIATION) FROM INVESTMENTS | |||
| Non-controlled/non-affiliate investments | 922,031 | (273,348) | - |
| Net change in unrealized appreciation (depreciation) from investments | 922,031 | (273,348) | - |
| Net realized and unrealized gains (losses) | 711,264 | (273,348) | - |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $7,340,108 | $1,923,639 | $(563,365) |
| NET INVESTMENT INCOME (LOSS) PER SHARE — BASIC AND DILUTED | $1.07 | $0.35 | $(0.64) |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS PER SHARE — BASIC AND DILUTED | $1.18 | $0.31 | $(0.64) |
| WEIGHTED AVERAGE SHARES OUTSTANDING — BASIC AND DILUTED | 6,214,682 | 6,214,672 | 877,409 |
| * | 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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