Key Points – Chicago Atlantic BDC posted record first-quarter 2026 net investment income of $10 million, or $0.44 per share, and kept its quarterly dividend at $0.34 for the seventh straight quarter. – The company said portfolio growth accelerated, with $93.9 million funded…
ross seven companies and the portfolio reaching its largest size ever; all debt investments were senior secured and none of the loans were on non-accrual. – Management highlighted strong liquidity and cautious leverage, with about $51.5 million of liquidity available after quarter-end and a debt-to-equity ratio of just 0.18x. It also filed a $500 million shelf registration to expand future financing flexibility, while cannabis policy changes could support borrower credit quality over time
Chicago Atlantic BDC (NASDAQ:LIEN) reported record first-quarter 2026 net investment income as management pointed to strong loan deployments, a senior secured portfolio and limited exposure to interest-rate declines as key drivers of performance. Chief Executive Officer Peter Sack said the company’s net investment income reached a record $10 million, or $0.44 per share, for the quarter. The company also announced a $0.34 dividend, marking the seventh consecutive quarter at that level. “Chicago Atlantic BDC’s record results this quarter demonstrate the benefits of our differentiated strategy,” Sack said, noting that the company remains focused primarily on lending to the cannabis industry, where he said competition remains limited.
Portfolio Reaches Record Size During the quarter, Chicago Atlantic BDC funded a record $93.9 million across seven portfolio companies, including three new borrowers. Sack said the company used additional capacity on its credit facility to grow the portfolio to its largest level in company history. Interim Chief Financial Officer Thomas Geoffroy said the company had 40 portfolio company investments as of quarter-end, with 24% of the portfolio invested in non-cannabis companies…