Quarterly ResultMay 14, 2026, 07:11 AM
Chicago Atlantic BDC Q1 Net Investment Income $10.0M, EPS $0.44
AI Summary
Chicago Atlantic BDC, Inc. announced strong financial results for the first quarter ended March 31, 2026, with record net investment income and per-share figures. The company expanded its investment portfolio to a new peak of $364.0 million and funded $93.9 million in new investments. Management expressed confidence in its differentiated strategy, particularly in the cannabis market, citing recent federal policy shifts as a positive catalyst.
Key Highlights
- Total gross investment income reached $16.7 million.
- Net investment income was $10.0 million, or $0.44 per weighted average share.
- Total investment portfolio grew to $364.0 million at fair value.
- Net asset value (NAV) per share increased to $13.33.
- Board declared a dividend of $0.34 per share for Q2 2026.
- Funded $93.9 million in aggregate par value to seven portfolio companies.
- Maintained a weighted average yield of 15.8% on debt investments.
- Filed a shelf registration statement for up to $500 million of securities.