Chicago Atlantic BDC Announces Strong Dividend for Q1 2025
Chicago Atlantic BDC, Inc. Dividend Declaration
Chicago Atlantic BDC, Inc., a prominent player in the specialty finance sector, has made a significant announcement regarding its cash dividend for the first quarter of 2025. The company, officially recognized as a business development company, declared a cash dividend of $0.34 per share intended for distribution to its stockholders.
Key Details of the Dividend
The remarkable announcement comes with specific key dates that shareholders should note:
Record and Payment Dates
The record date for this dividend is set for March 28, 2025, while shareholders can expect to receive their payments starting April 11, 2025. This timeline is crucial for investors looking to capitalize on this distribution.
Dividend Reinvestment Plan
Chicago Atlantic BDC has implemented a Dividend Reinvestment Plan (DRIP) which allows shareholders to reinvest their dividends into additional shares of common stock unless they choose to receive cash. This initiative is advantageous for investors looking to grow their investment over time. Stockholders who wish to participate should verify their status with their respective brokers to ensure they meet the necessary deadlines for cash dividend elections.
Company Overview
Chicago Atlantic BDC, Inc. operates under the stringent regulations established by the Investment Company Act of 1940. This designation positions the company as a regulated investment entity for U.S. federal income tax purposes. At the core of the company’s investment strategy is a commitment to maximizing risk-adjusted returns for its shareholders. This is achieved through strategic investments in direct loans to privately held middle-market companies, emphasizing those within the rapidly growing cannabis sector.
Management and Investment Focus
The company is managed by Chicago Atlantic BDC Advisers, LLC, an investment management firm known for its deep expertise and focus on the cannabis industry and other niche sectors. This specialized attention enables Chicago Atlantic BDC to navigate the complexities of its investment landscape effectively.
Contact Information
For inquiries, Tripp Sullivan at SCR Partners, LLC can be reached via email at LIEN@chicagoatlantic.com. The company is committed to maintaining open communication channels with its investors and stakeholders.
Frequently Asked Questions
What is the dividend amount declared by Chicago Atlantic BDC?
The declared cash dividend for the first quarter of 2025 is $0.34 per share.
When do shareholders need to hold shares to receive the dividend?
Shareholders must hold shares by the record date of March 28, 2025, to be eligible for the dividend payout.
What is the payment date for the dividend?
The payment date for the declared dividend is April 11, 2025.
Is there an option for shareholders to reinvest their dividends?
Yes, shareholders can opt to have their dividends automatically reinvested through the Dividend Reinvestment Plan (DRIP).
How can shareholders contact the company for more information?
Shareholders can contact Tripp Sullivan at SCR Partners, LLC, via email at LIEN@chicagoatlantic.com for any inquiries.
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