Chicago Atlantic Real Estate Finance Declares Common Stock Dividend for the First Quarter of 2023, Payable on April 14, 2023
March 15, 2023 at 06:00 am EDT
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Chicago Atlantic Real Estate Finance, Inc. announced that its board of directors has declared a regular quarterly cash dividend of $0.47 per share for the first quarter of 2023. The dividend, which equates to an annualized rate of $1.88 per common share, is payable on April 14, 2023, to shareholders of record as of the close of business on March 31, 2023.
Chicago Atlantic Real Estate Finance, Inc. is a commercial mortgage real estate investment trust. The Company utilizes real estate, credit, and cannabis expertise to originate senior secured loans primarily to state-licensed cannabis operators in limited-license states in the United States. Its primary investment objective is to provide attractive, risk-adjusted returns for stockholders over time, primarily through consistent current income dividends and other distributions and, secondarily, through capital appreciation. It focuses on achieving this objective by originating, structuring and investing in first mortgage loans and alternative structured financings secured by commercial real estate properties. Its portfolio consists primarily of senior loans to state-licensed operators in the cannabis industry. The Company also invests in companies or properties that are not related to the cannabis industry. The Company is externally managed by Chicago Atlantic REIT Manager, LLC.
CHICAGO ATLANTIC REAL ESTATE FINANCE, INC. 
