Welcome to our dedicated page for Silver Spike Investment news (Ticker: SSIC), a resource for investors and traders seeking the latest updates and insights on Silver Spike Investment stock.
Silver Spike Investment Corp. (NASDAQ: SSIC) is a closed-end, non-diversified management investment company. The company’s primary focus is on investing in secured debt, unsecured debt, equity warrants, and direct equity investments. It targets private leveraged middle-market cannabis companies and other firms within the health and wellness sector.
Silver Spike aims to maximize risk-adjusted returns on equity for its shareholders. It achieves this by leveraging its expertise in direct loans to privately held middle-market companies. The company is managed by Silver Spike Capital, LLC, an investment manager devoted to the cannabis and alternative health and wellness industries.
The company's recent financial developments are notable. On March 8, 2024, Silver Spike announced a cash dividend of $0.25 per share for the quarter ending March 31, 2024. A dividend reinvestment plan (DRIP) is in place, allowing shareholders to automatically reinvest their dividends into additional shares, unless they opt to receive cash.
Additionally, Silver Spike has scheduled to report its financial results for various periods in 2024. The fiscal year-end results for December 31, 2023, will be disclosed before market open on March 28, 2024. The first quarter results for March 31, 2024, will be announced on May 10, 2024. Both of these events will include a conference call and webcast to discuss the financial outcomes, accessible through the company’s website.
Investors and media can reach out to Bill Healy at bill@silverspikecap.com or 212-905-4933 for further information. Media inquiries can also be directed to Alan Oshiki and Sydney Gever at silverspikecapital@h-advisors.global or 212-371-5999.
For more information, please visit ssic.silverspikecap.com.
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