Chicago Atlantic BDC, Inc. announced its financial results for the first quarter ended March 31, 2025, reporting total investment income of approximately $11.9 million. Net investment income for the quarter was approximately $7.6 million, or $0.34 per weighted average share.
The Company's Net Asset Value (NAV) per share was $13.19 as of March 31, 2025, a slight decrease from $13.20 at the end of 2024, primarily due to dividend payments offsetting growth in net assets from operations. Total net assets stood at $301.0 million.
The Board of Directors declared a cash dividend of $0.34 per share for the quarter ending March 31, 2025, consistent with the previous quarter's increased payout. The Company also noted gross fundings of $52.8 million since October 1, 2024, leveraging its new credit facility for new opportunities.
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