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
Nov 8	F	Weak or Absent	Down	Down	Down	7.80%
Nov 7	F	Weak or Absent	Down	Down	Flat	6.71%
Nov 6	F	Weak or Absent	Down	Down	Down	7.07%
Nov 5	D	Weak or Absent	Down	Down	Flat	5.30%
Nov 4	F	Weak or Absent	Down	Down	Down	8.53%
Nov 1	F	Weak or Absent	Down	Down	Down	7.43%
Oct 31	F	Weak or Absent	Down	Down	Down	6.35%
Oct 30	D	Weak or Absent	Down	Down	Down	6.00%
Oct 29	D	Weak or Absent	Down	Down	Down	6.00%
Oct 28	D	Weak or Absent	Down	Down	Down	4.61%