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
Mar 31	D	Weak or Absent	Down	Down	Up	3.20%
Mar 30	D	Weak or Absent	Down	Down	Up	3.49%
Mar 29	D	Weak or Absent	Down	Down	Flat	4.07%
Mar 28	D	Weak or Absent	Down	Down	Down	6.11%
Mar 27	D	Weak or Absent	Down	Down	Down	8.25%
Mar 24	D	Weak or Absent	Down	Down	Down	9.20%
Mar 23	D	Weak or Absent	Down	Down	Down	7.02%
Mar 22	D	Weak or Absent	Down	Down	Down	11.12%
Mar 21	C	Weak or Absent	Down	Flat	Flat	-0.60%
Mar 20	B	Weak or Absent	Down	Down	Down	0.46%