Chicago Atlantic BDC Q4 Net Income $8.3M, Declares $0.34 Dividend
Chicago Atlantic BDC generated $14.2 million of gross investment income and net investment income of $8.3 million ($0.36 per share) for Q4 2025, with NAV at $13.30 and a $333.3 million portfolio. The board declared a $0.34 per share dividend for Q1 2026, payable April 14.
1. Fourth Quarter and Full Year 2025 Results
Chicago Atlantic BDC posted $14.2 million of gross investment income and $8.3 million of net investment income (or $0.36 per share) for the quarter ended December 31, 2025. The investment portfolio carried a fair value of $333.3 million and net asset value per share stood at $13.30 at year-end.
2. Dividend Declaration
The board of directors declared a cash dividend of $0.34 per share for the quarter ending March 31, 2026. Shareholders of record on March 30 will receive payment on April 14, 2026.
3. Portfolio Composition and Funding Activity
During Q4 2025, the company funded $31.7 million across seven portfolio companies. Subsequent to year-end, it extended $93.9 million in new loans to seven borrowers, including $35.5 million to new companies and $58.4 million to existing ones, while two positions totaling $13.6 million were fully repaid, leaving a pipeline exceeding $732 million and zero non-accruals.
4. Liquidity and Capital Position
As of December 31, 2025, available liquidity totaled $77.9 million, comprising $2.9 million in cash and $75.0 million undrawn on its $100.0 million senior credit facility. By March 18, 2026, outstanding borrowings reached $54.5 million, leaving approximately $47.5 million of liquidity.