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Cannabis-focused specialty finance company Silver Spike Investment Corp. (NASDAQ:SSIC) reported its financial results for the quarter ended Sep. 30, 2023, revealing a total investment income of $2.9 million, in line with the previous quarter.
“We are excited to announce our second regular quarterly dividend of $0.25 and special dividend of $0.45,” Scott Gordon, chairman and chief executive officer of Silver Spike stated. “We remain in a challenging environment for cannabis operators and investors, but we are encouraged by initial signs of improved market dynamics for several state markets and an increase in debt financing interest from operators. We continue to see attractive investment opportunities with favorable risk/reward characteristics, and we will seek to add investments to the portfolio in a disciplined manner.”
Price Action
Silver Spike shares closed Thursday market session 0.34% lower at $9.23 per share.
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Silver Spike Shares Trading Higher On Q2 Investment Income Growth Of 257% YoY
Posted In: SSIC