Silver Spike Investment Corp
For the period ended Jun 30, 2024. Filed Aug 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 8, 2024
LIEN$9.07-0.2%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Statements of Operations
| Three Months Ended | Six Months Ended | |||
|---|---|---|---|---|
| June 30, 2024 | June 30, 2023 | June 30, 2024 | June 30, 2023 | |
| INVESTMENT INCOME | ||||
| Non-control/non-affiliate investment income | ||||
| Interest income | $2,790,333 | $2,762,449 | $5,516,830 | $5,220,288 |
| Fee income | 291,000 | 131,250 | 324,750 | 131,250 |
| Total investment income | 3,081,333 | 2,893,699 | 5,841,580 | 5,351,538 |
| EXPENSES | ||||
| Transaction expenses related to the Loan Portfolio Acquisition | 533,019 | - | 2,639,069 | - |
| Management fee | 246,324 | 257,489 | 492,455 | 495,908 |
| Income-based incentive fees | 328,503 | 442,673 | 328,503 | 646,494 |
| Audit expense | 96,925 | 87,500 | 203,550 | 185,383 |
| Administrator fees | 101,187 | 87,853 | 199,643 | 165,697 |
| Legal expenses | 81,822 | 87,256 | 139,873 | 186,016 |
| Insurance expense | 66,212 | 66,393 | 132,491 | 135,475 |
| Capital gains incentive fees | (46,555) | (137,602) | 73,369 | 5,000 |
| Other expenses | 47,476 | 20,204 | 66,667 | 39,708 |
| Director expenses | 48,793 | 31,746 | 54,319 | 67,690 |
| Valuation fees | 25,080 | 21,000 | 27,053 | 94,065 |
| Custodian fees | 12,000 | 12,000 | 23,850 | 24,000 |
| Professional fees | 14,914 | 17,775 | 14,914 | 35,967 |
| Total expenses | 1,555,700 | 994,287 | 4,395,756 | 2,081,403 |
| NET INVESTMENT INCOME (LOSS) | 1,525,633 | 1,899,412 | 1,445,824 | 3,270,135 |
| NET REALIZED GAIN (LOSS) FROM INVESTMENTS | ||||
| Non-controlled/non-affiliate investments | - | (210,767) | - | (210,767) |
| Net realized gain (loss) from investments | - | (210,767) | - | (210,767) |
| NET CHANGE IN UNREALIZED APPRECIATION (DEPRECIATION) FROM INVESTMENTS | ||||
| Non-controlled/non-affiliate investments | (232,772) | (477,241) | 366,848 | 509,116 |
| Net change in unrealized appreciation (depreciation) from investments | (232,772) | (477,241) | 366,848 | 509,116 |
| Net realized and unrealized gains (losses) | (232,772) | (688,008) | 366,848 | 298,349 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $1,292,861 | $1,211,404 | $1,812,672 | $3,568,484 |
| NET INVESTMENT INCOME (LOSS) PER SHARE — BASIC AND DILUTED | $0.25 | $0.31 | $0.23 | $0.53 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS PER SHARE — BASIC AND DILUTED | $0.21 | $0.19 | $0.29 | $0.57 |
| WEIGHTED AVERAGE SHARES OUTSTANDING — BASIC AND DILUTED | 6,214,949 | 6,214,672 | 6,214,945 | 6,214,672 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.