Record New Debt Investments
Chicago Atlantic BDC funded $66.7 million to 13 new investments, setting a new originations record and improving portfolio diversification.
Above-Market Yield
The weighted average yield on debt investments was 15.8%, significantly higher than the average BDC yield of 11.4%.
Strong Dividend Coverage
Announced a 34¢ dividend for the fifth consecutive quarter, well covered by a net investment income per share of 42¢.
Low Leverage and High Liquidity
The portfolio is under-levered with only $11 million of debt, and the company has approximately $97.8 million of liquidity available.
No Non-Accruals
Chicago Atlantic BDC reported no non-accruals compared to an industry average of 3.5%.