Articles from CION Investment Corporation

CION Investment Corporation (NYSECION) (“CION”) today announced that it has declared a special distribution for the year ending December 31, 2024 in the amount of $0.05 per share, payable on January 27, 2025 to shareholders of record as of December 30, 2024, which results in total distributions declared in 2024 of $1.52 per share. The special distribution represents a portion of the Company’s investment company taxable income generated through the course of the year.

CION Investment Corporation (NYSECION) (“CION” or the “Company”) today reported financial results for the third quarter ended September 30, 2024 and filed its Form 10-Q with the U.S. Securities and Exchange Commission.

CION Investment Corporation (NYSECION) (“CION”) announced today that it will report its financial results for the third quarter ended September 30, 2024 on Thursday, November 7, 2024, prior to the opening of the financial markets. CION will discuss those results in an earnings conference call at 11:00 a.m. ET that same day.

CION Investment Corporation (NYSECION) (the “Company” or “CION”) announced today that it has priced an underwritten public offering of $150.0 million aggregate principal amount of unsecured notes due 2029 (the “Notes”), which will result in net proceeds to the Company of approximately $145.4 million after the payment of underwriting discounts and commissions and estimated offering expenses payable by the Company. The Notes will mature on December 30, 2029 and may be redeemed in whole or in part at any time or from time to time at the Company’s option on or after December 30, 2026. The Notes will be issued in denominations of $25 and integral multiples of $25 in excess thereof and will bear interest at a rate of 7.50% per year, payable quarterly, with the first interest payment occurring on December 30, 2024. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional $22.5 million aggregate principal amount of Notes to cover overallotments, if any.

CION Investment Corporation (NYSECION) (“CION”) announced today that it closed an offering of $100 million in aggregate principal amount of its floating rate Senior Unsecured Notes, Tranche B, due 2027 (the “Notes”). The Notes represent an add-on, second tranche of the 2027 Notes that were issued by CION in November 2023.

CION Investment Corporation (NYSECION) (“CION” or the “Company”) today reported financial results for the second quarter ended June 30, 2024 and filed its Form 10-Q with the U.S. Securities and Exchange Commission.

CION Investment Corporation (NYSECION) (“CION”) announced today that it has amended and extended its $675 million senior secured credit facility with JPMorgan Chase Bank, National Association.

CION Investment Corporation (NYSECION) (“CION”) announced today that it will report its financial results for the second quarter ended June 30, 2024 on Thursday, August 8, 2024, prior to the opening of the financial markets. CION will discuss those results in an earnings conference call at 11:00 a.m. ET that same day.

CION Investment Corporation (NYSECION) (“CION”) today announced that it has declared a mid-year supplemental distribution for the period ending June 30, 2024 in the amount of $0.05 per share, payable on July 12, 2024 to shareholders of record as of June 28, 2024.

CION Investment Corporation (NYSECION) (“CION” or the “Company”) today reported financial results for the first quarter ended March 31, 2024 and filed its Form 10-Q with the U.S. Securities and Exchange Commission.

CION Investment Corporation (NYSECION) (“CION”) announced today that it will report its financial results for the first quarter ended March 31, 2024 on Thursday, May 9, 2024, prior to the opening of the financial markets. CION will discuss those results in an earnings conference call at 11:00 a.m. ET that same day.

CION Investment Corporation (NYSECION) (“CION”), a leading publicly listed business development company focused on the U.S. middle market, is pleased to announce the appointment of Charlie Arestia as Managing Director and Head of Investor Relations. In this key role, Mr. Arestia will play a pivotal part in fostering and expanding relationships with CION’s valued investors. Mr. Arestia will be based in New York and will work closely with CION’s senior management and help coordinate all aspects of CION’s investor relations activities.

CION Investment Corporation (NYSECION) (“CION” or the “Company”) today reported financial results for the fourth quarter and year ended December 31, 2023 and filed its Form 10-K with the U.S. Securities and Exchange Commission.

CION Investment Corporation (NYSECION) (“CION”) announced today that it will report its financial results for the fourth quarter and full year ended December 31, 2023 on Thursday, March 14, 2024, prior to the opening of the financial markets. CION will discuss those results in an earnings conference call at 11:00 a.m. ET that same day.

CION Investment Corporation (NYSECION) (“CION”) today announced that it has declared a special cash distribution for the year ending December 31, 2023 in the amount of $0.15 per share, payable on January 31, 2024 to shareholders of record as of December 22, 2023, which results in an increase in total distributions declared in 2023 of $0.16 per share, or 11.0%, from total distributions declared for the year ended December 31, 2022 of $1.45 per share. This special year-end distribution also results in a declared distribution yield1 of 15.5% for the year-to-date period through December 13, 2023, which is an increase of 14.0% year-over-year from the declared distribution yield1 of 13.6% for the year ended December 31, 2022. The special distribution represents a portion of the Company’s investment company taxable income generated through the course of the year.

CION Investment Corporation (NYSECION) (“CION”) announced today that it closed an offering of $100 million in aggregate principal amount of its Senior Unsecured Notes due 2027 (the “Notes”).

CION Investment Corporation (NYSECION) (“CION” or the “Company”) today reported financial results for the third quarter ended September 30, 2023 and filed its Form 10-Q with the U.S. Securities and Exchange Commission.

CION Investment Corporation (NYSECION) (“CION”) announced today that it closed an additional offering in Israel of approximately $33.7 million in aggregate principal amount of its Series A Unsecured Notes due 2026 (the “Additional Notes”). The Additional Notes were issued by way of expanding, and have the same terms and conditions as, the existing Series A Unsecured Notes due 2026 that were issued by CION in February 2023.

CION Investment Corporation (NYSECION) (“CION”) announced today that it will report its financial results for the third quarter ended September 30, 2023, on Thursday, November 9, 2023, prior to the opening of the financial markets. CION will discuss those results in an earnings conference call at 11:00 a.m. ET that same day.

CION Investment Corporation (NYSECION) (“CION”) today announced a one-year extension to its existing $60 million share repurchase program through August 29, 2024, under which CION will continue to support the trading of its common shares and seek to drive long-term shareholder value.

CION Investment Corporation (NYSECION) (“CION” or the “Company”) today reported financial results for the second quarter ended June 30, 2023 and filed its Form 10-Q with the U.S. Securities and Exchange Commission.

CION Investment Corporation (NYSECION) (“CION”) announced today that it will report its financial results for the second quarter ended June 30, 2023 on Wednesday, August 9, 2023, prior to the opening of the financial markets. CION will discuss those results in an earnings conference call at 11:00 a.m. ET that same day.

CION Investment Corporation (NYSECION) (“CION” or the “Company”) announced amendments to its credit facilities with JPMorgan Chase Bank, National Association (“JPM”) and UBS AG (“UBS”).

CION Investment Corporation (NYSECION) (“CION” or the “Company”) today reported financial results for the first quarter ended March 31, 2023 and filed its Form 10-Q with the U.S. Securities and Exchange Commission.

CION Investment Corporation (NYSECION) (“CION”) announced today that it will report its financial results for the first quarter ended March 31, 2023, on Wednesday, May 10, 2023, prior to the opening of the financial markets. CION will discuss those results in an earnings conference call at 11:00 a.m. ET that same day.

CION Investment Corporation (NYSECION) (“CION” or the “Company”) today reported financial results for the fourth quarter and fiscal year ended December 31, 2022 and filed its Form 10-K with the U.S. Securities and Exchange Commission.

CION Investment Corporation (NYSECION) (“CION”) announced today that it priced an offering in Israel of approximately $82.0 million in aggregate principal amount of its Series A Unsecured Notes due 2026 (the “Notes”).

CION Investment Corporation (NYSECION) (“CION”) announced today that it will report its financial results for the fourth quarter and full year ended December 31, 2022 on Thursday, March 16, 2023, prior to the opening of the financial markets. CION will discuss those results in an earnings conference call at 11:00 a.m. ET that same day.

CION Investment Corporation (NYSECION) (“CION” or the “Company”) today announced a special cash distribution for the year ending December 31, 2022 in the amount of $0.27 per share, payable on January 31, 2023 to shareholders of record as of December 30, 2022, which represents an increase of $0.07 per share, or 35%, from the special distribution paid by the Company for the year ended December 31, 2021. The special distribution represents a portion of the Company’s investment company taxable income generated through the course of the year.

CION Investment Corporation (NYSECION) (“CION” or the “Company”) today reported financial results for the third quarter ended September 30, 2022 and filed its Form 10-Q with the U.S. Securities and Exchange Commission.

CION Investment Corporation (NYSECION) (“CION”) announced today that it will report its financial results for the third quarter ended September 30, 2022 on Thursday, November 10, 2022, prior to the opening of the financial markets. CION will discuss those results in an earnings conference call at 11:00 a.m. ET that same day.

CION Investment Corporation (NYSECION) (“CION” or the “Company”) today announced that its management will be presenting at the Sidoti Small-Cap Virtual Conference on Thursday, September 22nd at 9:15am (ET). Additionally, CION’s management will be meeting with investors throughout the day.

CION Investment Corporation (NYSECION) (“CION” or the “Company”) today reported financial results for the second quarter ended June 30, 2022 and filed its Form 10-Q with the U.S. Securities and Exchange Commission.

CION Investment Corporation (NYSECION) (“CION”) announced today that it will report its financial results for the second quarter ended June 30, 2022 on Thursday, August 11, 2022, prior to the opening of the financial markets. CION will discuss those results in an earnings conference call at 11:00 a.m. ET that same day.

CION Investment Corporation (NYSECION) (“CION” or the “Company”) today announced that its Board of Directors, including the independent directors, has increased the amount of shares of common stock that may be repurchased under its existing Share Repurchase Policy (the “Policy”) by $10 million, or 20%, to up to an aggregate of $60 million. Additionally, CION will enter into a trading plan adopted in accordance with Rule 10b5-1 of the Exchange Act (the “10b5-1 Repurchase Plan”) to facilitate repurchases under the Policy during its first available trading window after the final one-third of CION’s common stock becomes available for trading on the NYSE on July 5, 2022.

CION Investment Corporation (NYSECION) (“CION” or the “Company”) today announced that its management will be presenting at the following investor conferences:

CION Investment Corporation (NYSECION) (“CION” or the “Company”) today reported financial results for the first quarter ended March 31, 2022 and filed its Form 10-Q with the U.S. Securities and Exchange Commission.

CION Investment Corporation (NYSECION) (“CION” or the “Company”) today announced that on April 27, 2022, it closed a senior unsecured term loan in the aggregate principal amount of $50 million (the “More Term Loan”) with More Provident Funds and Pension Ltd., as lender. The net proceeds to the Company were approximately $49 million, after deducting payment of fees and other financing expenses, which the Company intends to use to fund additional investments in accordance with its investment objectives and for general corporate purposes.

CION Investment Corporation (NYSECION) (“CION”) announced today that it will report its financial results for the first quarter ended March 31, 2022 on Thursday, May 12, 2022, prior to the opening of the financial markets. CION will discuss those results in an earnings conference call at 11:00 a.m. ET that same day.

CION Investment Corporation (NYSECION) (“CION”) announced today that it will report its financial results for the fourth quarter and fiscal year ended December 31, 2021 on Thursday, March 10, 2022, prior to the opening of the financial markets. CION will discuss those results in an earnings conference call at 11:00 a.m. Eastern Time that same day.

CION Investment Corporation (NYSECION) (“CION” or the “Company”) today announced that its shareholders have approved a proposal to reduce CION’s asset coverage requirement from 200% to 150%, which will permit CION to increase the maximum amount of leverage that it is permitted to incur from $1 of debt outstanding for each $1 of equity to $2 of debt outstanding for each $1 of equity. This change, which was made pursuant to Section 61(a)(2) of the Investment Company Act of 1940, as amended, was approved at CION’s special shareholders meeting held virtually on December 30, 2021 and became effective on December 31, 2021. Over time, CION plans to target a debt-to-equity ratio in the range of 1.00 to 1.25x(1) and will maintain its strategy of originating high quality senior secured loans to U.S. middle market companies.

CION Investment Corporation (NYSECION) (“CION” or the “Company”) today announced that it has formed CION/EagleTree Partners, LLC (the “JV”), an off-balance sheet joint investment entity with an affiliate of EagleTree Capital, LP (“EagleTree”) through which EagleTree has made a Firm-level investment. Bullingham Capital, a New York-based private investment firm, will invest alongside EagleTree. The JV will jointly pursue debt opportunities and special situation, crossover, subordinated and other junior capital investments that leverage the combined sourcing and portfolio management capabilities of CION’s and EagleTree’s respective credit and private equity platforms. The initial holdings of the JV consist of a diversified portfolio of approximately $97 million of second lien debt and equity investments that was held by CION immediately prior to closing and approximately $15 million of cash contributed by EagleTree and Bullingham Capital.

CION Investment Corporation (NYSECION) (“CION” or the “Company”) today announced that on December 6, 2021, the Company’s previously announced special cash distribution for the year ending December 31, 2021 estimated to be in the range of $0.14 to $0.20 per share was approved in the amount of $0.20 per share, payable on December 23, 2021 to shareholders of record as of December 16, 2021. The special distribution represents a portion of the Company’s investment company taxable income generated through the course of the year.

CION Investment Corporation (NYSECION) (“CION” or the “Company”) today reported its financial results for the third quarter ended September 30, 2021 and filed its Form 10-Q with the U.S. Securities and Exchange Commission. The Company completed a previously announced 2-to-1 reverse stock split effective September 21, 2021. Accordingly, share and per share amounts in this press release have been retroactively adjusted to reflect the 2-to-1 reverse stock split.