Silver Spike reports Q1 net investment loss of $0.1M; NAV per share down to $13.60

Chicago Atlantic BDC, Inc.

2024-Q1 EPS reported $0.08

Total investment income $2.8M; net investment loss $(0.1)M, $(0.01) per share.
NAV per share decreased to $13.60 from $13.77 at Dec 31, 2023, driven by dividend payments.
Declared $0.25 per share cash dividend payable June 28, 2024, record June 20.
Agreement to purchase CALP loan portfolio for newly issued shares; registration filed Apr 15, 2024.
No loans on non-accrual; portfolio fair value $54.8M across 5 companies.

item 2.02 item 7.01 item 9.01

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 first quarter ended March 31, 2024 results: revenue $2.8 million, net income $(0.1) million, EPS $(0.01) per share.

Period: first quarter ended March 31, 2024
Revenue: $2.8 million
Net income: $(0.1) million
EPS: $(0.01) per share
Result: reported results

Exact text from the filing

For the three months ended March 31, 2024, total investment income was $2.8 million. This compares to total expenses of $2.9 million, which includes $2.1 million of expenses related to the Loan Portfolio Acquisition, resulting in net investment income (loss) of $(0.1) million, or $(0.01) per share.

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Chicago Atlantic BDC, Inc. filing history →

Source: SEC EDGAR

accession 0000950103-24-006521

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