Trend Table for ICMB - Investcorp Credit Management BDC, Inc.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 21	D	Weak or Absent	Down	Up	Flat	-1.30%
May 20	D	Weak or Absent	Down	Up	Flat	-1.30%
May 17	D	Weak or Absent	Down	Up	Flat	-0.99%
May 16	D	Weak or Absent	Down	Up	Flat	-0.99%
May 15	D	Weak or Absent	Down	Up	Flat	-0.99%
May 14	C	Weak or Absent	Down	Up	Up	-2.53%
May 13	C	Weak or Absent	Down	Up	Flat	-1.30%
May 10	C	Weak or Absent	Down	Up	Flat	-1.60%
May 9	D	Weak or Absent	Down	Flat	Down	-0.22%
May 8	C	Weak or Absent	Down	Flat	Down	-0.68%