Chicago Atlantic BDC publishes Q3 2026 earnings call transcript
LIEN•Chicago Atlantic BDC reported quarterly net investment income of $0.36 per share, up from $0.34, and declared a $0.34 dividend for a ninth consecutive quarter. The merger is now expected in 2027, while liquidity totaled $6.7 million on November 11.
1. Results and dividend
Quarterly net investment income rose to $0.36 per share from $0.34. The company declared a $0.34 dividend for a ninth consecutive quarter.
2. Merger and liquidity
The Chicago Atlantic Real Estate Finance merger is now expected in 2027. CEO Peter Sack said a first-quarter closing is possible, pending SEC review and shareholder voting. Liquidity totaled $6.7 million on November 11, and management can tap the $500 million securities shelf before the merger closes.
3. Investment activity
New debt investments totaled $72 million across two borrowers. Management expects fourth-quarter closings could slow as the revolving credit facility approaches full utilization.
