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Chicago Atlantic Real Estate Finance Declares Common Stock Dividend for the Third Quarter of 2022

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Chicago Atlantic Real Estate Finance (NASDAQ: REFI) declared a quarterly cash dividend of $0.47 per share for Q3 2022, equating to an annualized rate of $1.88. The dividend will be payable on October 14, 2022 to shareholders of record as of September 30, 2022. Additionally, the company is set to release its Q3 earnings on November 9, 2022, before the market opens, with a conference call scheduled for 9:00 a.m. Eastern Time on that day.

Positive
  • Quarterly cash dividend of $0.47 enhances income for shareholders.
  • Annualized dividend rate of $1.88 reflects company confidence.
Negative
  • None.

Schedules Third Quarter 2022 Earnings Release and Conference Call Dates

CHICAGO, Sept. 14, 2022 (GLOBE NEWSWIRE) -- Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) ("Chicago Atlantic" or the “Company”), a commercial mortgage real estate investment trust, announced that its board of directors has declared a regular quarterly cash dividend of $0.47 per share for the third quarter of 2022. The dividend, which equates to an annualized rate of $1.88 per common share, is payable on October 14, 2022 to shareholders of record as of the close of business on September 30, 2022.

Chicago Atlantic also announced details for the release of its results for the third quarter ending September 30, 2022. The Company plans to issue its earnings release before the market opens on Wednesday, November 9, 2022, and will host a conference call later that day at 9:00 a.m. Eastern Time. Interested parties may access the conference call live via webcast on Chicago Atlantic’s investor relations website at https://investors.refi.reit/news-events/events or may participate via telephone by registering using this online form. Upon registration, all telephone participants will receive the dial-in number along with a unique PIN number that can be used to access the call. A replay of the conference call webcast will be archived on the Company’s website for at least 30 days.

About Chicago Atlantic Real Estate Finance, Inc.
Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) is a market-leading mortgage REIT utilizing significant real estate, credit and cannabis expertise to originate senior secured loans primarily to state-licensed cannabis operators in limited-license states in the United States.

Forward-Looking Statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect our current views and projections with respect to, among other things, future events and financial performance. Words such as “believes,” “expects,” “will,” “intends,” “plans,” “guidance,” “estimates,” “projects,” “anticipates,” and “future” or similar expressions are intended to identify forward-looking statements. These forward-looking statements, including statements about our future growth and strategies for such growth, are subject to the inherent uncertainties in predicting future results and conditions and are not guarantees of future performance, conditions or results. More information on these risks and other potential factors that could affect our business and financial results is included in our filings with the SEC. New risks and uncertainties arise over time, and it is not possible to predict those events or how they may affect us. We do not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Contact:
Tripp Sullivan
SCR Partners
(615) 942-7077
IR@REFI.reit


FAQ

What is the dividend amount declared by REFI for Q3 2022?

Chicago Atlantic Real Estate Finance declared a quarterly cash dividend of $0.47 per share for Q3 2022.

When will the dividend be paid to REFI shareholders?

The dividend will be payable on October 14, 2022, to shareholders of record as of September 30, 2022.

What is the conference call date for REFI's Q3 2022 earnings?

The conference call for REFI's Q3 2022 earnings is scheduled for November 9, 2022, at 9:00 a.m. Eastern Time.

What is the annualized rate of the dividend declared by REFI?

The annualized rate of the dividend declared by REFI is $1.88 per common share.

Chicago Atlantic Real Estate Finance, Inc.

NASDAQ:REFI

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REIT - Mortgage
Real Estate Investment Trusts
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United States of America
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