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GlobeNewsWire
28 days ago
Chicago Atlantic BDC, Inc. Reports First Quarter 2026 Financial Results
NEW YORK, May 14, 2026 (GLOBE NEWSWIRE) -- Chicago Atlantic BDC, Inc. (“LIEN” or the “Company”) (NASDAQ: LIEN), a specialty finance company that has elected to be regulated as a business development company, today announced its financial results for the first quarter ended March 31, 2026. First Quarter 2026 Highlights Total gross investment income of $16.7 million Net investment income of $10.0 million, or $0.44 per weighted average share outstanding Total investment portfolio of $364.0 million at fair value, an increase of $30.7 million as compared to the prior quarter Net asset value (“NAV”) per share was $13.33 on March 31, 2026, a $0.03 increase as compared to the prior quarter Board of Directors declared a dividend of $0.34 per share for the quarter ending June 30, 2026, payable on July 10, 2026 to shareholders of record on June 26, 2026 Funded seven portfolio companies with $93.9 million in aggregate par value As of March 31, 2026, there were 22,820,590 common shares issued and outstanding on a basic and fully diluted basis Peter Sack, Chief Executive Officer of the Company, commented, “Chicago Atlantic BDC delivered record results this quarter, demonstrating the benefits of our differentiated strategy.