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Chicago Atlantic BDC to end dividend reinvestment plan effective December 31

Published 02/12/2025, 00:16
Chicago Atlantic BDC to end dividend reinvestment plan effective December 31
LIEN
1.26%

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) will terminate its Dividend Reinvestment Plan (DRIP), according to a statement filed with the Securities and Exchange Commission. The company’s board of directors approved the termination by unanimous written consent on November 26. The DRIP will officially end thirty days after written notice is provided to shareholders, with the effective date anticipated to be December 31.

After the termination becomes effective, all cash dividends or distributions on the company’s common stock with a record date after December 31 will be paid in cash rather than in additional shares. The company indicated that the change is in accordance with the terms of the DRIP.

Chicago Atlantic BDC, Inc. is incorporated in Maryland and its common stock trades on the Nasdaq Stock Market under the symbol LIEN. This information is based on a press release statement included in the company’s SEC filing.

In other recent news, Chicago Atlantic BDC Inc. reported its third-quarter earnings for 2025, surpassing analysts’ expectations. The company achieved an earnings per share (EPS) of $0.39, exceeding the forecasted $0.355. Additionally, Chicago Atlantic BDC’s revenue reached $15.07 million, surpassing the anticipated $14.33 million. These results highlight the company’s strong financial performance in the recent quarter. Analysts had projected lower figures, but the company managed to outperform those estimates. The positive earnings and revenue results are significant for investors monitoring Chicago Atlantic BDC’s financial health. These developments are part of the latest updates concerning the company’s performance.

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