Chicago Atlantic BDC Reports Q3 2024 Financial Results
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 09 2024
0mins
Source: Business Insider
Q3 Financial Results: Chicago Atlantic BDC, Inc. reported total investment income of $3.2 million for Q3 2024, with net investment income breaking even and a slight decrease in net asset value per share to $13.28 due to acquisition-related expenses.
Corporate Developments and Future Outlook: The company acquired a loan portfolio, increasing net assets to approximately $302 million and diversifying its investments across 28 companies, positioning itself to capitalize on opportunities in the cannabis sector amid favorable regulatory trends.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
