Silver Spike Investment Corp. Q4 2023 NII $1.7M ($0.28/sh), NAV down to $13.77, $0.25 dividend

Chicago Atlantic BDC, Inc.

Q4 2023 total investment income $3.6M; net investment income $1.7M or $0.28 per share.
NAV per share decreased from $14.06 (Sep 30) to $13.77 (Dec 31), driven by dividend payments.
Board declared $0.25 per share cash dividend payable March 28, 2024, record March 20, 2024.
Portfolio fair value $54.1M; no loans on non-accrual; available liquidity $32.6M cash equivalents.
Agreed to purchase loan portfolio from Chicago Atlantic Loan Portfolio in exchange for stock (Feb 20, 2024).

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Chicago Atlantic BDC, Inc. reported fiscal year ended December 31, 2023 results: revenue $3.6 million, net income $1.7 million, EPS $0.28 per share.

Period: fiscal year ended December 31, 2023
Revenue: $3.6 million
Net income: $1.7 million
EPS: $0.28 per share
Result: reported results

Exact text from the filing

a business development company, today announced its financial results for the fiscal year ended December 31, 2023. Quarter Ended 12/31/23 Highlights · Total investment income of $3.6 million · Net investment income of $1.7 million, or $0.28 per share · Investment portfolio of $54.1 million at fair value · Net asset value (“NAV”) per share decreased from $14.06 on

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Chicago Atlantic BDC, Inc. filing history →

Source: SEC EDGAR

accession 0000950103-24-004506

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