Chicago Atlantic Real Estate Finance Declares Common Stock Dividend of $0.47 for the Fourth Quarter of 2024

Rhea-AI Summary

Chicago Atlantic Real Estate Finance (NASDAQ: REFI) has announced two dividend distributions: a regular quarterly cash dividend of $0.47 per common share for Q4 2024, and a special dividend of $0.18 per common share. The regular dividend represents an annualized rate of $1.88 per share. Both dividends will be paid on January 13, 2025, to shareholders of record as of December 31, 2024. The special dividend is required to maintain REIT compliance with U.S. federal income tax rules and was calculated based on estimated 2024 performance.

Positive

• Regular quarterly dividend maintained at $0.47 per share
• Additional special dividend of $0.18 per share announced
• Total combined dividend payment of $0.65 per share for Q4

Negative

• None.

Declares Special Dividend of $0.18 per Common Share for 2024 Tax Year

CHICAGO, Dec. 20, 2024 (GLOBE NEWSWIRE) -- Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI), a commercial mortgage real estate investment trust (“REIT”), announced that its board of directors has declared a regular quarterly cash dividend of $0.47 per common share for the fourth quarter of 2024. The regular quarterly dividend, which equates to an annualized rate of $1.88 per common share, is payable on January 13, 2025, to shareholders of record as of the close of business on December 31, 2024.

The board of directors also declared a special cash dividend of $0.18 per common share. The special dividend is required for the Company to remain in compliance with U.S. federal income tax rules for REITs. The amount of the special dividend has been calculated based on estimated performance for the year ending December 31, 2024. The special dividend is payable on January 13, 2025, to shareholders of record as of the close of business on December 31, 2024.

About Chicago Atlantic Real Estate Finance, Inc.
Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) is a market-leading commercial mortgage REIT utilizing significant 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. REFI is part of the Chicago Atlantic platform which has offices in Chicago, Miami, New York, and London and has closed over $2.3 billion in credit facilities since inception.

Contact:
Tripp Sullivan
SCR Partners
IR@REFI.reit

FAQ

What is REFI's Q4 2024 regular dividend amount?

Chicago Atlantic Real Estate Finance (REFI) declared a regular quarterly dividend of $0.47 per common share for Q4 2024.

When will REFI's Q4 2024 dividend be paid?

Both the regular and special dividends will be paid on January 13, 2025, to shareholders of record as of December 31, 2024.

What is REFI's annualized dividend rate for 2024?

REFI's regular quarterly dividend equates to an annualized rate of $1.88 per common share.

Why did REFI declare a special dividend of $0.18 for 2024?

The special dividend was required to maintain compliance with U.S. federal income tax rules for REITs, based on estimated performance for 2024.

What is the total combined dividend payment for REFI shareholders in Q4 2024?

The total combined dividend payment is $0.65 per share, consisting of a $0.47 regular dividend and a $0.18 special dividend.