Chicago Atlantic BDC Reports $10M Q1 Net Income, Declares $0.34 Dividend
LIEN•Chicago Atlantic BDC reported Q1 2026 net investment income of $10.0 million, or $0.44 per share, on a $364.0 million portfolio valued at fair value, lifting NAV per share to $13.33. The board declared a $0.34 cash dividend for Q2 payable July 10 to shareholders of record on June 26.
1. First Quarter Results
Chicago Atlantic BDC generated total gross investment income of $16.7 million in Q1 2026, delivering net investment income of $10.0 million, or $0.44 per share. Net assets increased by $8.5 million, driving NAV per share up $0.03 quarter-over-quarter to $13.33.
2. Portfolio Activity
The firm’s investment portfolio reached a fair value of $364.0 million as of March 31, up $30.7 million from the prior quarter. During Q1, it funded seven companies with $93.9 million of new loans—including a $38.3 million refinancing—and recorded no non-accruals.
3. Dividend Declaration
The board declared a $0.34 cash dividend for the quarter ending June 30, 2026, payable on July 10 to shareholders of record as of June 26. This marks the fourth consecutive quarter at this dividend level, reflecting consistent yield coverage.
4. Capital Position
As of March 31, liquidity stood at $48.8 million, comprising $3.3 million cash and $45.5 million undrawn capacity on its $100 million credit facility. A subsequent shelf registration allows issuance of up to $500 million of securities to support future growth.
