Chicago Atlantic BDC, Inc. announced its financial results for the third quarter ended September 30, 2024, reporting total investment income of $3.2 million. Net investment income for the quarter was $0.0 million, or $0.00 per share, primarily due to $2.4 million in expenses related to the Loan Portfolio Acquisition.
The Company recorded a net unrealized loss of $0.2 million, leading to a net decrease in net assets from operations of $0.2 million, or $0.03 per share. Net Asset Value (NAV) per share decreased to $13.28 from $13.56 as of June 30, 2024, influenced by dividend payments and acquisition transaction expenses.
As of September 30, 2024, total net assets stood at $82.5 million, with $30.1 million in available liquidity. Subsequent to the quarter end, the Company funded $14.5 million in three new investments and received $9.0 million from one investment repayment.
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