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Chicago Atlantic BDC (NASDAQ: LIEN) has declared a cash dividend of $0.34 per share for Q4 2024, representing a 36% increase from the previous quarter's dividend of $0.25 per share. The dividend will be recorded on December 19, 2024, with payment scheduled for December 27, 2024.
The company maintains a dividend reinvestment plan (DRIP) that automatically reinvests dividends into additional common stock unless stockholders specifically opt out. Stockholders holding shares through brokers need to contact their financial intermediaries to receive cash dividends instead of stock reinvestment.
Chicago Atlantic BDC (NASDAQ: LIEN) reported its Q3 2024 financial results with total investment income of $3.2 million and net investment income of $0.0 million. The investment portfolio stood at $55.8 million at fair value, with NAV per share at $13.28. On October 1, 2024, the company completed a significant Loan Portfolio Acquisition, increasing net assets to approximately $302 million and expanding portfolio companies from 7 to 28. The acquisition involved issuing 16,605,372 new shares, resulting in CALP owning 72.8% of outstanding shares. The company positions itself as the only publicly listed BDC primarily focused on cannabis lending.
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