CHICAGO, December 31, 2021 (GLOBE NEWSWIRE) – Chicago Atlantic Real Estate Finance, Inc. (“REFI” or “the Company”), a leading institutional lender to government licensed cannabis operators, announced today hui that its Board of Directors declared a quarterly dividend for the quarter ending December 31, 2021 of $ 0.26 per common share outstanding, payable on January 14, 2022 to common shareholders of record on December 31, 2021. After paying quarterly dividend, the Board of Directors estimates that the Company will have distributed 100% of the distributable profit for the fiscal year ended December 31, 2021.
About Chicago Atlantic Real Estate Finance, Inc.
Chicago Atlantic Real Estate Finance, Inc. is a commercial real estate finance company that trades on NASDAQ under the symbol REFI and manages a diverse portfolio of cannabis mortgage mortgage investments and actively invests throughout the value chain. The Company’s management team has over 100 years of combined experience in mortgage lending, direct lending, real estate acquisitions and development, investment advice, risk management and advisory. The Company’s website is available at https://investors.refi.reit/.
This press release contains forward-looking statements and information relating to REFI which are based on the beliefs of management as well as on the assumptions made by management and on the information currently available to it. These statements include statements about the revolving loan, including the intended use of the proceeds thereof, the anticipated reduction in interest expense, and the timing of the revolving loan closing. When used in this press release, words such as “may”, “will”, “should”, “could”, “intention”, “possible”, “continue”, “anticipate”, ” believe ”,“ estimate ”,“ expect ”,“ plan ”,“ target ”,“ predict ”,“ project ”,“ seek ”and similar expressions relating to the Company are intended to identify forward-looking statements. These statements reflect the current views of management with respect to future events, are not guarantees of future performance, and involve risks and uncertainties that are difficult to predict. In addition, certain forward-looking statements are based on assumptions about future events which may not prove to be correct. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements.
All forward-looking statements contained in this communication are based on assumptions which the Company considers to be reasonable as of that date. Except as required by law, the Company assumes no obligation to update these forward-looking statements or to update the reasons if actual results differ materially from those anticipated in the forward-looking statements.
Contact Information: Investor Relations [email protected] (312) 809-7002
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