earnings
confidence high
sentiment positive
materiality 0.80
Chicago Atlantic BDC Q3 NII $0.0M; closes transformative $219.6M loan acquisition
Chicago Atlantic BDC, Inc.
2024-Q3 EPS reported
$0.27
- Q3 total investment income $3.2M; NII $0.0M ($0.00/sh) after $2.4M acquisition expenses.
- NAV per share $13.28 at Sep 30, down from $13.56 in prior quarter.
- Closed Loan Portfolio Acquisition Oct 1: acquired $219.6M loans for 16.6M shares; net assets ~$302M.
- Portfolio now 28 cos., 79% floating rate, 17.2% gross yield, 0% non-accruals.
- Renamed Chicago Atlantic BDC, ticker LIEN; legacy CALP owns 72.8%.