SSIC - Cannabis Finance Company Silver Spike Announces Solid 2023 Gains | Benzinga
Silver Spike Investment Corp. (NASDAQ:SSIC), a cannabis-focused specialty finance company, announced Wednesday its financial results for the year ending December 31, 2023.
Quarter Ended 12/31/2023 Financial Highlights
- Net investment income of $1.7 million, or $0.28 per share compared to $1.6 million, $0.26 per share in the previous quarter.
- Investment portfolio of $54.1 million at fair value, which compares to $57.4 million at fair value in the third quarter.
- Net asset value ("NAV") per share decreased from $14.06 on September 30, 2023 to $13.77 on December 31, 2023.
- A 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.
Year Ended December 2023 Financial Highlights
- Net investment income of $6.6 million, or $1.07 per share.
- Net asset value ("NAV") per share decreased to $13.77, compared to $14.06 as of September 30, 2023. The decrease in NAV per share was primarily driven by dividend payments. Total net assets ...