Silver Spike Investment Corp. Declares Cash Dividend for First Quarter 2024
March 08 2024 - 8:00AM
Silver Spike Investment Corp. (“Silver Spike” or the “Company”)
(NASDAQ: SSIC), a specialty finance company that has elected to be
treated as a business development company, today announced that
Silver Spike’s board of directors has declared a cash dividend of
$0.25 per share for the quarter ending March 31, 2024.
The following are the key dates for the
dividend:
Record Date |
March 20, 2024 |
Payment Date |
March 28, 2024 |
The Company has adopted a dividend reinvestment plan (“DRIP”)
that provides for reinvestment of dividends on behalf of its
stockholders, unless a stockholder elects to receive cash. As a
result, when the Company declares a cash dividend, stockholders who
have not “opted out” of the DRIP in accordance with the terms of
the DRIP and the procedures of their broker or other financial
intermediary will have their cash dividends automatically
reinvested in additional shares of the Company’s common stock. A
stockholder whose shares are held by a broker or other financial
intermediary should contact their broker or other financial
intermediary as soon as possible in order to determine the time by
which the stockholder must take action in order to receive
dividends in cash.
About Silver Spike Investment
Corp.
Silver Spike is a specialty finance company that
has elected to be regulated as a business development company under
the Investment Company Act of 1940, as amended. Silver Spike’s
investment objective is to maximize risk-adjusted returns on equity
for its shareholders by investing primarily in direct loans to
privately held middle-market companies, with a focus on cannabis
companies and other companies in the health and wellness sector.
Silver Spike is managed by Silver Spike Capital, LLC, an investment
manager focused on the cannabis and alternative health and wellness
industries. For more information, please visit
ssic.silverspikecap.com.
Forward-Looking Statements
Certain information contained herein may
constitute “forward-looking statements” that involve substantial
risks and uncertainties. Such statements involve known and unknown
risks, uncertainties and other factors and undue reliance should
not be placed thereon. These forward-looking statements are not
historical facts, but rather are based on current expectations,
estimates and projections about the Company, its current and
prospective portfolio investments, its industry, its beliefs and
opinions, and its assumptions. Words such as “anticipates,”
“expects,” “intends,” “plans,” “will,” “may,” “continue,”
“believes,” “seeks,” “estimates,” “would,” “could,” “should,”
“targets,” “projects,” “outlook,” “potential,” “predicts” and
variations of these words and similar expressions are intended to
identify forward-looking statements. These statements are not
guarantees of future performance and are subject to risks,
uncertainties and other factors, some of which are beyond the
Company’s control and difficult to predict and could cause actual
results to differ materially from those expressed or forecasted in
the forward-looking statements including, without limitation, the
risks, uncertainties and other factors identified in the Company’s
filings with the SEC. Investors should not place undue reliance on
these forward-looking statements, which apply only as of the date
on which the Company makes them. The Company does not undertake any
obligation to update or revise any forward-looking statements or
any other information contained herein, except as required by
applicable law.
Contacts
Investors:Bill
Healybill@silverspikecap.com212-905-4933
Silver Spike Investment (NASDAQ:SSIC)
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