Chicago Atlantic BDC (LIEN) trades at a 20-25% discount to its $13.27 NAV, offering a rare value anomaly in the BDC space. LIEN's portfolio is now 76% non-cannabis loans, reflecting a strategic shift toward diversification and away from cannabis sector concentration. With a 13.3% dividend yield, $0.42 NII per share, and conservative leverage, LIEN delivers covered, high-yield income, with a significant margin of safety.