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
Jan 4	D	Weak or Absent	Down	Down	Up	6.60%
Jan 3	C	Weak or Absent	Down	Down	Flat	7.54%
Dec 30	D	Weak or Absent	Down	Down	Down	10.83%
Dec 29	D	Weak or Absent	Down	Down	Down	9.74%
Dec 28	D	Weak or Absent	Down	Down	Down	7.63%
Dec 27	C	Weak or Absent	Down	Down	Down	6.11%
Dec 23	C	Weak or Absent	Down	Down	Down	7.05%
Dec 22	C	Weak or Absent	Down	Down	Down	10.99%
Dec 21	D	Weak or Absent	Down	Down	Down	8.23%
Dec 20	C	Weak or Absent	Down	Down	Down	8.23%