Key Highlights

  • The forward Dividend Yield is 14.78%, with quarterly distributions of USD 0.34 per share declared March 18 and May 12.
  • Net Investment income per share was USD 0.34 for the second quarter, the same as the second quarter of 2025.
  • Net asset value per share was USD 13.26 at June 30, compared with USD 13.30 at December 31, 2025.
  • Total investment income was USD 14.0 million for the second quarter, compared with USD 13.1 million a year earlier.

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) carries a forward dividend yield of 14.78%. The company declared quarterly distributions of USD 0.34 per share on March 18, 2026 and May 12, 2026, each totaling USD 7.8 million. Net asset value per share was USD 13.26 at June 30, and net investment income was USD 0.34 per share for the quarter.

Dividend Program and Shareholder Returns

The company declared quarterly distributions of USD 0.34 per share on March 18, 2026 and May 12, 2026, each totaling USD 7,759,001. The same quarterly amount of USD 0.34 per share was declared on March 14, 2025 and May 12, 2025.

The filing states that the company has an opt-out Dividend reinvestment plan, under which cash distributions are automatically reinvested unless a stockholder chooses to receive cash. The trailing twelve month dividend yield is 14.78%, shown for information.

The filing states that the amount of each distribution is determined by the Board each quarter based on the annual Earnings estimated by management, and that a portion of distributions may be deemed a return of Capital for tax purposes if earnings fall below the amount declared.

About the Company

Chicago Atlantic BDC, Inc. is a Business Development Company listed on the Nasdaq Stock Market. Total Assets were USD 344.0 million at June 30, 2026, compared with USD 342.0 million at December 31, 2025. The revolving line of Credit was USD 27.0 million, compared with USD 25.0 million.

Investment Income and Net Investment Income Lines

Total investment income was USD 14.0 million for the three months ended June 30, 2026, compared with USD 13.1 million a year earlier, and USD 30.7 million for the six months, compared with USD 25.0 million. Income-based incentive fees were USD 1.9 million, compared with USD 2.0 million.

Net investment income was USD 7.7 million, compared with USD 7.7 million, and USD 17.6 million for the six months, compared with USD 15.3 million. Net investment income per share was USD 0.34 in both quarters, and USD 0.77 for the six months, compared with USD 0.67.

Net Increase in Net Assets and Net Asset Value

The net increase in net assets resulting from operations per share was USD 0.27 for the quarter, compared with USD 0.38, and USD 0.64 for the six months. Net change in unrealized Depreciation on non-controlled non-affiliate investments was USD 0.5 million for the quarter.

Net asset value per share was USD 13.26 at June 30, 2026, compared with USD 13.30 at December 31, 2025.

Proposed Affiliated Merger With REFI

On June 17, 2026, the company entered into a merger agreement with Chicago Atlantic Real Estate Finance, Inc., which is affiliated with the company because they are advised by affiliated entities within the Chicago Atlantic organization.

The filing's subsequent events note states that on July 9, 2026, REFI issued 4,306,754 shares of its common stock at USD 14.53 per share in a private Placement in exchange for second Lien promissory notes with an aggregate principal amount of USD 62.5 million.

Outlook

Chicago Atlantic BDC's 14.78% forward dividend yield and the USD 0.34 per share quarterly distribution are the dividend facts on record. Net investment income per share, net asset value per share, and the proposed merger with REFI are the relevant considerations.