Chicago Atlantic Real Estate Finance, Inc. Declares Special Dividend for 2024 Tax Year
Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) has declared a special dividend of $0.18 per common share for the 2024 tax year. This announcement comes alongside the regular quarterly cash dividend of $0.47 per common share for the fourth quarter of 2024. The special dividend is necessary for the company to comply with U.S. federal income tax rules for REITs.
The special dividend, based on estimated performance for the year ending December 31, 2024, will be payable on January 13, 2025, to shareholders of record as of December 31, 2024. This move reflects the company’s commitment to providing value to its shareholders while ensuring compliance with regulatory requirements.
Chicago Atlantic Real Estate Finance, Inc. is a market-leading commercial mortgage REIT that specializes in originating senior secured loans to state-licensed cannabis operators in limited-license states in the United States. With offices in Chicago, Miami, New York, and London, the company has closed over $2.3 billion in credit facilities since its inception.
For more information, interested parties can contact Tripp Sullivan of SCR Partners at [email protected] Stay updated on the latest news by signing up for The Manila Times newsletters.
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