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Chicago Atlantic Real Estate Finance Declares Common Stock Dividend of $0.47 for the Fourth Quarter of 2024
REFIChicago Atlantic Real Estate Finance(REFI) GlobeNewswire·2024-12-20 21:05

Core Points - Chicago Atlantic Real Estate Finance, Inc. declared a special cash dividend of 0.18percommonshareforthe2024taxyeartocomplywithU.S.federalincometaxrulesforREITs[1]−ThespecialdividendisbasedonestimatedperformancefortheyearendingDecember31,2024,andispayableonJanuary13,2025,toshareholdersofrecordasofDecember31,2024[1]−Thecompanyalsoannouncedaregularquarterlycashdividendof0.18 per common share for the 2024 tax year to comply with U.S. federal income tax rules for REITs [1] - The special dividend is based on estimated performance for the year ending December 31, 2024, and is payable on January 13, 2025, to shareholders of record as of December 31, 2024 [1] - The company also announced a regular quarterly cash dividend of 0.47 per common share for the fourth quarter of 2024, which annualizes to 1.88percommonshare[3]−TheregularquarterlydividendisalsopayableonJanuary13,2025,toshareholdersofrecordasofDecember31,2024[3]CompanyOverview−ChicagoAtlanticRealEstateFinance,Inc.isamarket−leadingcommercialmortgageREITthatfocusesonoriginatingseniorsecuredloansprimarilytostate−licensedcannabisoperatorsinlimited−licensestatesintheU.S.[2]−Thecompanyhasclosedover1.88 per common share [3] - The regular quarterly dividend is also payable on January 13, 2025, to shareholders of record as of December 31, 2024 [3] Company Overview - Chicago Atlantic Real Estate Finance, Inc. is a market-leading commercial mortgage REIT that focuses on originating senior secured loans primarily to state-licensed cannabis operators in limited-license states in the U.S. [2] - The company has closed over 2.3 billion in credit facilities since its inception and operates offices in Chicago, Miami, New York, and London [2]