Chicago Atlantic BDC, Inc. Reports Third Quarter 2024 Financial Results
Chicago Atlantic BDC, Inc. (LIEN)
Company Research
Source: GlobeNewswire
NEW YORK, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Chicago Atlantic BDC, Inc. (“LIEN” or the “Company”) (NASDAQ: LIEN), formerly Silver Spike Investment Corp., a specialty finance company that has elected to be regulated as a business development company, today announced its financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights and Subsequent Events Total investment income of $3.2 millionNet investment income of $0.0 million, or $0.00 per shareInvestment portfolio of $55.8 million at fair valueNet asset value (“NAV”) per share was $13.28 on September 30, 2024As previously announced, on October 1, 2024, the Company acquired a portfolio of loans (the “Loan Portfolio”) from Chicago Atlantic Loan Portfolio, LLC (“CALP”) in exchange for newly issued shares of the Company’s common stock (the “Loan Portfolio Acquisition”)As a result of the Loan Portfolio Acquisition, the Company had net assets of approximately $302 million and investments in 28 portfoli
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