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    CION Investment Corporation Reports First Quarter 2025 Financial Results

    5/8/25 8:00:00 AM ET
    $CION
    Finance/Investors Services
    Finance
    Get the next $CION alert in real time by email

    Declares Second Quarter 2025 Base Distribution of $0.36 per Share

    CION Investment Corporation (NYSE:CION) ("CION" or the "Company") today reported financial results for the first quarter ended March 31, 2025 and filed its Form 10-Q with the U.S. Securities and Exchange Commission.

    CION also announced that, on May 5, 2025, its co-chief executive officers declared a second quarter 2025 base distribution of $0.36 per share, payable on June 16, 2025 to shareholders of record as of June 2, 2025.

    FIRST QUARTER AND OTHER HIGHLIGHTS

    • Net investment income and earnings per share for the quarter ended March 31, 2025 were $0.36 per share and $(0.80) per share, respectively;
    • Net asset value per share was $14.28 as of March 31, 2025 compared to $15.43 as of December 31, 2024, a decrease of $1.15 per share, or 7.5%. The decrease was primarily due to mark-to-market price declines to the Company's portfolio during the quarter ended March 31, 2025;
    • As of March 31, 2025, the Company had $1.12 billion of total principal amount of debt outstanding, of which 38% was comprised of senior secured bank debt and 62% was comprised of unsecured debt. The Company's net debt-to-equity ratio was 1.39x as of March 31, 2025 compared to 1.27x as of December 31, 2024;
    • As of March 31, 2025, the Company had total investments at fair value of $1.79 billion in 104 portfolio companies across 24 industries. The investment portfolio was comprised of 87.0% senior secured loans, including 86.9% in first lien investments;1
    • During the quarter, the Company funded new investment commitments of $55 million, funded previously unfunded commitments of $10 million, and had sales and repayments totaling $49 million, resulting in a net increase to the Company's funded portfolio of $16 million;
    • As of March 31, 2025, investments on non-accrual status amounted to 1.20% and 3.16% of the total investment portfolio at fair value and amortized cost, respectively, which are down from 1.41% and 3.22%, respectively, as of December 31, 2024;
    • During the quarter, the Company repurchased 185,862 shares of its common stock under its 10b5-1 trading plan at an average price of $11.68 per share for a total repurchase amount of $2.2 million. Through March 31, 2025, the Company repurchased a total of 3,955,033 shares of its common stock under its 10b5-1 trading plan at an average price of $10.23 per share for a total repurchase amount of $40.5 million; and
    • On February 13, 2025, the Company terminated its existing senior secured repurchase facility with UBS AG ("UBS") and simultaneously entered into a new 3-year, $125 million senior secured credit facility with UBS, under which the floating interest rate payable by the Company on all advances was reduced by 0.45% per year, from the three-month SOFR plus a credit spread of 3.20% per year to SOFR plus a credit spread of 2.75% per year.

    DISTRIBUTIONS

    • For the quarter ended March 31, 2025, the Company declared a quarterly base distribution totaling $19.1 million, or $0.36 per share, paid on April 11, 2025 to shareholders of record as of March 28, 2025.

    Mark Gatto, co-Chief Executive Officer of CION, commented:

    "As we think about this environment, we continue to see opportunities on the direct lending side both in our existing portfolio as well as new transactions, but remain highly selective given our investment capacity and broader market trends. We believe CION's dynamic and differentiated investment approach, which we outlined in great detail at our investor day last quarter, allows CION to flex into wherever we see the greatest risk-adjusted returns while still preserving our conservative first lien focus in the middle market."

    SELECTED FINANCIAL HIGHLIGHTS

           

     

     

    As of

           

    (in thousands, except per share data)

     

    March 31, 2025

     

    December 31, 2024

           

    Investment portfolio, at fair value1

     

    $

    1,791,684

     

    $

    1,819,870

           

    Total debt outstanding2

     

    $

    1,117,344

     

    $

    1,117,344

           

    Net assets

     

    $

    756,784

     

    $

    820,810

           

    Net asset value per share

     

    $

    14.28

     

    $

    15.43

           

    Debt-to-equity

     

    1.48x

     

    1.36x

           

    Net debt-to-equity

     

    1.39x

     

    1.27x

           

     

     

    Three Months Ended

           

    (in thousands, except share and per share data)

     

    March 31, 2025

     

    December 31, 2024

           

    Total investment income

     

    $

    56,074

     

     

    $

    57,894

     

           

    Total operating expenses and income tax expense

     

    $

    36,822

     

     

    $

    39,208

     

           

    Net investment income after taxes

     

    $

    19,252

     

     

    $

    18,686

     

           

    Net realized gains (losses)

     

    $

    2,294

     

     

    $

    (2,238

    )

           

    Net unrealized losses

     

    $

    (64,251

    )

     

    $

    (10,990

    )

           

    Net (decrease) increase in net assets resulting from operations

     

    $

    (42,705

    )

     

    $

    5,458

     

           

     

     

     

     

     

           

    Net investment income per share

     

    $

    0.36

     

     

    $

    0.35

     

           

    Net realized and unrealized losses per share

     

    $

    (1.16

    )

     

    $

    (0.25

    )

           

    Earnings per share

     

    $

    (0.80

    )

     

    $

    0.10

     

           

     

     

     

     

     

           

    Weighted average shares outstanding

     

     

    53,073,211

     

     

     

    53,268,577

     

           

    Distributions declared per share

     

    $

    0.36

     

     

    $

    0.41

     

    Total investment income for the three months ended March 31, 2025 and December 31, 2024 was $56.1 million and $57.9 million, respectively. The decrease in total investment income was primarily driven by lower transaction fees earned from origination and amendment activity during the quarter ended March 31, 2025 compared to the quarter ended December 31, 2024.

    Operating expenses for the three months ended March 31, 2025 and December 31, 2024 were $36.8 million and $39.2 million, respectively. The decrease in operating expenses was primarily driven by lower interest expense on our borrowings due to lower SOFR rates during the quarter ended March 31, 2025 as compared to the quarter ended December 31, 2024.

    PORTFOLIO AND INVESTMENT ACTIVITY1

    A summary of the Company's investment activity for the three months ended March 31, 2025 is as follows:

     

     

    New Investment

    Commitments

     

    Sales and Repayments

    Investment Type

     

    $ in

    Thousands

     

    %

    of Total

     

    $ in

    Thousands

     

    %

    of Total

    Senior secured first lien debt

     

    $

    60,745

     

    94

    %

     

    $

    49,430

     

    100

    %

    Unsecured debt

     

     

    979

     

    1

    %

     

     

    —

     

    —

     

    Equity

     

     

    3,124

     

    5

    %

     

     

    —

     

    —

     

    Total

     

    $

    64,848

     

    100

    %

     

    $

    49,430

     

    100

    %

    During the three months ended March 31, 2025, new investment commitments were made across 1 new and 12 existing portfolio companies. During the same period, the Company sold all investments of 2 portfolio companies. As a result, the number of portfolio companies decreased from 105 as of December 31, 2024 to 104 as of March 31, 2025.

    PORTFOLIO SUMMARY1

    As of March 31, 2025, the Company's investments consisted of the following:

     

     

    Investments at Fair Value

    Investment Type

     

    $

    in Thousands

     

    %

    of Total

    Senior secured first lien debt

     

    $

    1,556,067

     

    86.9

    %

    Senior secured second lien debt

     

     

    2,593

     

    0.1

    %

    Collateralized securities and structured products - equity

     

     

    3,612

     

    0.2

    %

    Unsecured debt

     

     

    12,278

     

    0.7

    %

    Equity

     

     

    217,134

     

    12.1

    %

    Total

     

    $

    1,791,684

     

    100.0

    %

    The following table presents certain selected information regarding the Company's investments:

     

     

    As of

     

     

    March 31, 2025

     

    December 31, 2024

    Number of portfolio companies

     

    104

     

    105

    Percentage of performing loans bearing a floating rate3

     

    92.6 %

     

    93.8 %

    Percentage of performing loans bearing a fixed rate3

     

    7.4 %

     

    6.2 %

    Yield on debt and other income producing investments at amortized cost4

     

    12.13 %

     

    12.28 %

    Yield on performing loans at amortized cost4

     

    12.62 %

     

    12.74 %

    Yield on total investments at amortized cost

     

    10.84 %

     

    10.96 %

    Weighted average leverage (net debt/EBITDA)5

     

    5.28x

     

    5.02x

    Weighted average interest coverage5

     

    1.99x

     

    2.07x

    Median EBITDA6

     

    $34.2 million

     

    $34.2 million

    As of March 31, 2025, investments on non-accrual status represented 1.20% and 3.16% of the total investment portfolio at fair value and amortized cost, respectively. As of December 31, 2024, investments on non-accrual status represented 1.41% and 3.22% of the total investment portfolio at fair value and amortized cost, respectively.

    LIQUIDITY AND CAPITAL RESOURCES

    As of March 31, 2025, the Company had $1.12 billion of total principal amount of debt outstanding, comprised of $425 million of outstanding borrowings under its senior secured credit facilities and $692 million of unsecured notes and term loans. The combined weighted average interest rate on debt outstanding was 7.5% for the quarter ended March 31, 2025. As of March 31, 2025, the Company had $62 million in cash and short-term investments and $106 million available under its financing arrangements.2

    EARNINGS CONFERENCE CALL

    CION will host an earnings conference call on Thursday, May 8, 2025 at 11:00 am Eastern Time to discuss its financial results for the first quarter ended March 31, 2025. Please visit the Investor Resources - Earnings Presentation section of the Company's website at www.cionbdc.com for a slide presentation that complements the earnings conference call.

    All interested parties are invited to participate via telephone or listen via the live webcast, which can be accessed by clicking the following link: CION Investment Corporation First Quarter Conference Call. Domestic callers can access the conference call by dialing (877) 484-6065. International callers can access the conference call by dialing +1 (201) 689-8846. All callers are asked to dial in approximately 10 minutes prior to the call. An archived replay will be available on a webcast link located in the Investor Resources - Earnings Call section of CION's website.

    ENDNOTES

    1)

    The discussion of the investment portfolio excludes short-term investments.

     

     

    2)

    Total debt outstanding excludes netting of debt issuance costs of $17.6 million and $18.2 million as of March 31, 2025 and December 31, 2024, respectively.

     

     

    3)

    The fixed versus floating composition has been calculated as a percentage of performing debt investments measured on a fair value basis, including income producing preferred stock investments and excludes investments, if any, on non-accrual status.

     

     

    4)

    Computed based on the (a) annual actual interest rate or yield earned plus amortization of fees and discounts on the performing debt and other income producing investments as of the reporting date, divided by (b) the total performing debt and other income producing investments (excluding investments on non-accrual status) at amortized cost. This calculation excludes exit fees that are receivable upon repayment of the investment.

     

     

    5)

    For a particular portfolio company, the Company calculates the level of contractual indebtedness net of cash ("net debt") owed by the portfolio company and compares that amount to measures of cash flow available to service the net debt. To calculate net debt, the Company includes debt that is both senior and pari passu to the tranche of debt owned by it but excludes debt that is legally and contractually subordinated in ranking to the debt owned by the Company. The Company believes this calculation method assists in describing the risk of its portfolio investments, as it takes into consideration contractual rights of repayment of the tranche of debt owned by the Company relative to other senior and junior creditors of a portfolio company. The Company typically calculates cash flow available for debt service at a portfolio company by taking EBITDA for the trailing twelve-month period. Weighted average net debt to EBITDA is weighted based on the fair value of the Company's performing debt investments and excluding investments where net debt to EBITDA may not be the appropriate measure of credit risk, such as cash collateralized loans and investments that are underwritten and covenanted based on recurring revenue.

     

     

     

    For a particular portfolio company, the Company also calculates the level of contractual interest expense owed by the portfolio company and compares that amount to EBITDA ("interest coverage ratio"). The Company believes this calculation method assists in describing the risk of its portfolio investments, as it takes into consideration contractual interest obligations of the portfolio company. Weighted average interest coverage is weighted based on the fair value of the Company's performing debt investments, and excludes investments where interest coverage may not be the appropriate measure of credit risk, such as cash collateralized loans and investments that are underwritten and covenanted based on recurring revenue.

     

     

     

    Portfolio company statistics, including EBITDA, are derived from the financial statements most recently provided to the Company for each portfolio company as of the reported end date. Statistics of the portfolio companies have not been independently verified by the Company and may reflect a normalized or adjusted amount.

     

     

    6)

    Median EBITDA is calculated based on the portfolio company's EBITDA as of the Company's initial investment.

    CĪON Investment Corporation

    Consolidated Balance Sheets

    (in thousands, except share and per share amounts)

     

     

     

    March 31, 2025

     

    December 31, 2024

     

     

    (unaudited)

     

     

    Assets

    Investments, at fair value:

     

     

     

     

    Non-controlled, non-affiliated investments (amortized cost of $1,463,914 and $1,489,777, respectively)

     

    $

    1,393,039

     

     

    $

    1,448,107

     

    Non-controlled, affiliated investments (amortized cost of $316,945 and $274,642, respectively)

     

     

    301,622

     

     

     

    269,205

     

    Controlled investments (amortized cost of $184,057 and $179,274, respectively)

     

     

    150,999

     

     

     

    171,376

     

    Total investments, at fair value (amortized cost of $1,964,916 and $1,943,693, respectively)

     

     

    1,845,660

     

     

     

    1,888,688

     

    Cash

     

     

    7,720

     

     

     

    7,670

     

    Interest receivable on investments

     

     

    40,863

     

     

     

    45,140

     

    Receivable due on investments sold and repaid

     

     

    1,047

     

     

     

    2,965

     

    Prepaid expenses and other assets

     

     

    1,033

     

     

     

    1,265

     

    Total assets

     

    $

    1,896,323

     

     

    $

    1,945,728

     

     

     

     

     

     

    Liabilities and Shareholders' Equity

    Liabilities

     

     

     

     

    Financing arrangements (net of unamortized debt issuance costs of $17,568 and $18,156, respectively)

     

    $

    1,099,776

     

     

    $

    1,099,187

     

    Payable for investments purchased

     

     

    1,896

     

     

     

    1,019

     

    Accounts payable and accrued expenses

     

     

    990

     

     

     

    1,034

     

    Interest payable

     

     

    6,475

     

     

     

    8,244

     

    Accrued management fees

     

     

    6,625

     

     

     

    6,761

     

    Accrued subordinated incentive fee on income

     

     

    4,084

     

     

     

    3,964

     

    Accrued administrative services expense

     

     

    544

     

     

     

    2,006

     

    Share repurchases payable

     

     

    —

     

     

     

    40

     

    Shareholder distribution payable

     

     

    19,149

     

     

     

    2,663

     

    Total liabilities

     

     

    1,139,539

     

     

     

    1,124,918

     

     

     

     

     

     

    Shareholders' Equity

     

     

     

     

    Common stock, $0.001 par value; 500,000,000 shares authorized; 53,003,407 and

     

     

     

     

    53,192,808 shares issued, and 53,003,407 and 53,189,269 shares outstanding, respectively

     

     

    53

     

     

     

    53

     

    Capital in excess of par value

     

     

    1,019,512

     

     

     

    1,021,684

     

    Accumulated distributable losses

     

     

    (262,781

    )

     

     

    (200,927

    )

    Total shareholders' equity

     

     

    756,784

     

     

     

    820,810

     

    Total liabilities and shareholders' equity

     

    $

    1,896,323

     

     

    $

    1,945,728

     

    Net asset value per share of common stock at end of period

     

    $

    14.28

     

     

    $

    15.43

     

     

    CĪON Investment Corporation

    Consolidated Statements of Operations

    (in thousands, except share and per share amounts)

     

     

     

    Three Months Ended

     

     

    March 31, 2025

     

    December 31, 2024

     

     

    (unaudited)

     

    (unaudited)

    Investment income

     

     

     

     

    Non-controlled, non-affiliated investments

     

     

     

     

    Interest income

     

    $

    34,120

     

     

    $

    31,289

     

    Paid-in-kind interest income

     

     

    8,359

     

     

     

    11,586

     

    Fee income

     

     

    3,783

     

     

     

    3,754

     

    Dividend income

     

     

    506

     

     

     

    371

     

    Non-controlled, affiliated investments

     

     

     

     

    Interest income

     

     

    1,975

     

     

     

    2,095

     

    Paid-in-kind interest income

     

     

    3,148

     

     

     

    2,810

     

    Fee income

     

     

    —

     

     

     

    50

     

    Dividend income

     

     

    191

     

     

     

    282

     

    Controlled investments

     

     

     

     

    Interest income

     

     

    3,792

     

     

     

    3,584

     

    Fee income

     

     

    200

     

     

     

    2,073

     

    Paid-in-kind interest income

     

     

    —

     

     

     

    —

     

    Total investment income

     

     

    56,074

     

     

     

    57,894

     

    Operating expenses

     

     

     

     

    Management fees

     

     

    6,625

     

     

     

    6,762

     

    Administrative services expense

     

     

    1,279

     

     

     

    1,261

     

    Subordinated incentive fee on income

     

     

    4,084

     

     

     

    3,963

     

    General and administrative

     

     

    1,836

     

     

     

    1,859

     

    Interest expense

     

     

    22,998

     

     

     

    25,244

     

    Total operating expenses

     

     

    36,822

     

     

     

    39,089

     

    Net investment income before taxes

     

     

    19,252

     

     

     

    18,805

     

    Income tax expense, including excise tax

     

     

    —

     

     

     

    119

     

    Net investment income after taxes

     

     

    19,252

     

     

     

    18,686

     

    Realized and unrealized gains (losses)

     

     

     

     

    Net realized gains (losses) on:

     

     

     

     

    Non-controlled, non-affiliated investments

     

     

    2,294

     

     

     

    (5,383

    )

    Non-controlled, affiliated investments

     

     

    —

     

     

     

    3,145

     

    Controlled investments

     

     

    —

     

     

     

    —

     

    Net realized gains (losses)

     

     

    2,294

     

     

     

    (2,238

    )

    Net change in unrealized (depreciation) appreciation on:

     

     

    Non-controlled, non-affiliated investments

     

     

    (30,662

    )

     

     

    1,124

     

    Non-controlled, affiliated investments

     

     

    (8,429

    )

     

     

    (4,358

    )

    Controlled investments

     

     

    (25,160

    )

     

     

    (7,756

    )

    Net change in unrealized depreciation

     

     

    (64,251

    )

     

     

    (10,990

    )

    Net realized and unrealized losses

     

     

    (61,957

    )

     

     

    (13,228

    )

    Net (decrease) increase in net assets resulting from operations

     

    $

    (42,705

    )

     

    $

    5,458

     

    Per share information—basic and diluted

     

     

     

     

    Net (decrease) increase in net assets per share resulting from operations

     

    $

    (0.80

    )

     

    $

    0.10

     

    Net investment income per share

     

    $

    0.36

     

     

    $

    0.35

     

    Weighted average shares of common stock outstanding

     

     

    53,073,211

     

     

     

    53,268,577

     

    ABOUT CION INVESTMENT CORPORATION

    CION Investment Corporation is a leading publicly listed business development company that had approximately $1.9 billion in total assets as of March 31, 2025. CION seeks to generate current income and, to a lesser extent, capital appreciation for investors by focusing primarily on senior secured loans to U.S. middle-market companies. CION is advised by CION Investment Management, LLC, a registered investment adviser and an affiliate of CION. For more information, please visit www.cionbdc.com.

    FORWARD-LOOKING STATEMENTS

    This press release may contain forward-looking statements that involve substantial risks and uncertainties. You can identify these statements by the use of forward-looking terminology such as "may," "will," "should," "expect," "anticipate," "project," "target," "estimate," "intend," "continue," or "believe" or the negatives thereof or other variations thereon or comparable terminology. You should read statements that contain these words carefully because they discuss CION's plans, strategies, prospects and expectations concerning its business, operating results, financial condition and other similar matters. These statements represent CION's belief regarding future events that, by their nature, are uncertain and outside of CION's control. There are likely to be events in the future, however, that CION is not able to predict accurately or control. Any forward-looking statement made by CION in this press release speaks only as of the date on which it is made. Factors or events that could cause CION's actual results to differ, possibly materially from its expectations, include, but are not limited to, the risks, uncertainties and other factors CION identifies in the sections entitled "Risk Factors" and "Forward-Looking Statements" in filings CION makes with the SEC, and it is not possible for CION to predict or identify all of them. CION undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

    OTHER INFORMATION

    The information in this press release is summary information only and should be read in conjunction with CION's Quarterly Report on Form 10-Q, which CION filed with the SEC on May 8, 2025, as well as CION's other reports filed with the SEC. A copy of CION's Quarterly Report on Form 10-Q and CION's other reports filed with the SEC can be found on CION's website at www.cionbdc.com and the SEC's website at www.sec.gov.

    View source version on businesswire.com: https://www.businesswire.com/news/home/20250508826192/en/

    Media

    Susan Armstrong

    [email protected]

    Investor Relations

    Charlie Arestia

    [email protected]

    (646) 253-8259

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    DatePrice TargetRatingAnalyst
    3/17/2025$11.00 → $10.00Equal Weight → Underweight
    Wells Fargo
    6/20/2023$11.50Market Perform
    Hovde Group
    4/18/2023$10.50 → $9.25Overweight → Equal Weight
    Wells Fargo
    7/25/2022$11.50 → $9.50Equal Weight → Overweight
    Wells Fargo
    11/1/2021$12.50Equal-Weight
    Wells Fargo
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    $CION
    Analyst Ratings

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    • CION Investment downgraded by Wells Fargo with a new price target

      Wells Fargo downgraded CION Investment from Equal Weight to Underweight and set a new price target of $10.00 from $11.00 previously

      3/17/25 7:28:41 AM ET
      $CION
      Finance/Investors Services
      Finance
    • Hovde Group initiated coverage on CION Investment with a new price target

      Hovde Group initiated coverage of CION Investment with a rating of Market Perform and set a new price target of $11.50

      6/20/23 9:14:13 AM ET
      $CION
      Finance/Investors Services
      Finance
    • CION Investment downgraded by Wells Fargo with a new price target

      Wells Fargo downgraded CION Investment from Overweight to Equal Weight and set a new price target of $9.25 from $10.50 previously

      4/18/23 8:14:19 AM ET
      $CION
      Finance/Investors Services
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    $CION
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    • CION Investment Corporation Reports First Quarter 2025 Financial Results

      Declares Second Quarter 2025 Base Distribution of $0.36 per Share CION Investment Corporation (NYSE:CION) ("CION" or the "Company") today reported financial results for the first quarter ended March 31, 2025 and filed its Form 10-Q with the U.S. Securities and Exchange Commission. CION also announced that, on May 5, 2025, its co-chief executive officers declared a second quarter 2025 base distribution of $0.36 per share, payable on June 16, 2025 to shareholders of record as of June 2, 2025. FIRST QUARTER AND OTHER HIGHLIGHTS Net investment income and earnings per share for the quarter ended March 31, 2025 were $0.36 per share and $(0.80) per share, respectively; Net asset value per

      5/8/25 8:00:00 AM ET
      $CION
      Finance/Investors Services
      Finance
    • CION Investment Corporation Schedules 2025 First Quarter Earnings Release and Conference Call

      Call Scheduled for 11:00 a.m. ET on Thursday, May 8, 2025 CION Investment Corporation (NYSE:CION) ("CION") announced today that it will report its financial results for the first quarter ended March 31, 2025 on Thursday, May 8, 2025, 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. Participant Dial-in Numbers: Domestic (Toll-Free): 877-484-6065 International (Toll): +1 201-689-8846 All participants are asked to dial in approximately 10 minutes before start time. An accompanying slide presentation will be available in PDF format in the Investor Resources section of CION's website at www.cionbdc.c

      4/2/25 8:00:00 AM ET
      $CION
      Finance/Investors Services
      Finance
    • CION Investment Corporation Reports Fourth Quarter and Year End 2024 Financial Results

      Continued Strong Performance in 2024 With $1.79 in Net Investment Income and $1.52 in Total Shareholder Distributions CION Investment Corporation (NYSE:CION) ("CION" or the "Company") today reported financial results for the fourth quarter and year ended December 31, 2024 and filed its Form 10-K with the U.S. Securities and Exchange Commission. CION also announced that, on March 10, 2025, its co-chief executive officers declared a first quarter 2025 base distribution of $0.36 per share payable on April 11, 2025 to shareholders of record as of March 28, 2025. FOURTH QUARTER AND OTHER HIGHLIGHTS Net investment income and earnings per share for the quarter ended December 31, 2024 were $0.

      3/13/25 8:00:00 AM ET
      $CION
      Finance/Investors Services
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    $CION
    Insider Trading

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    • Co-Chairman & Co-CEO Reisner Michael A bought $4,932 worth of shares (400 units at $12.33), increasing direct ownership by 0.91% to 44,560 units (SEC Form 4)

      4 - CION Investment Corp (0001534254) (Issuer)

      8/27/24 12:30:09 PM ET
      $CION
      Finance/Investors Services
      Finance
    • CCO & Secretary Roman Stephen bought $5,481 worth of shares (450 units at $12.18), increasing direct ownership by 5% to 10,278 units (SEC Form 4)

      4 - CION Investment Corp (0001534254) (Issuer)

      8/21/24 3:49:40 PM ET
      $CION
      Finance/Investors Services
      Finance
    • President & CIO Bresner Gregg A. bought $42,250 worth of shares (3,500 units at $12.07), increasing direct ownership by 5% to 57,599 units (SEC Form 4)

      4 - CION Investment Corp (0001534254) (Issuer)

      8/16/24 12:48:44 PM ET
      $CION
      Finance/Investors Services
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    $CION
    Leadership Updates

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    $CION
    Insider Purchases

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    • CION Investment Corporation Strengthens Leadership Team with the Appointment of Charlie Arestia as Managing Director and Head of Investor Relations

      CION Investment Corporation (NYSE:CION) ("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. Mr. Arestia brings a wealth of experience in investor relations as well as a deep understanding of specialty finance and business development companies, havi

      3/27/24 8:00:00 AM ET
      $CION
      Finance/Investors Services
      Finance
    • Invacare Corporation Appoints Aron I. Schwartz to Board of Directors

      Invacare Corporation (NYSE:IVC) today announced the appointment of Aron I. Schwartz, age 51, to its Board of Directors, effective March 21, 2022. Mr. Schwartz currently serves as Managing Partner of ACON Investments, a private equity firm based in Washington, D.C. Mr. Schwartz has a wide range of financial experience in managing and overseeing companies across multiple industries, including companies undergoing strategic transformation. Mr. Schwartz was unanimously appointed by the current members of the Board and will serve on the company's Audit Committee and its Nominating and Governance Committee. His appointment brings the number of Invacare directors to a total of nine, eight of whom

      3/21/22 4:15:00 PM ET
      $CION
      $IVC
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      Finance
      Industrial Specialties
      Health Care
    • Co-Chairman & Co-CEO Reisner Michael A bought $4,932 worth of shares (400 units at $12.33), increasing direct ownership by 0.91% to 44,560 units (SEC Form 4)

      4 - CION Investment Corp (0001534254) (Issuer)

      8/27/24 12:30:09 PM ET
      $CION
      Finance/Investors Services
      Finance
    • CCO & Secretary Roman Stephen bought $5,481 worth of shares (450 units at $12.18), increasing direct ownership by 5% to 10,278 units (SEC Form 4)

      4 - CION Investment Corp (0001534254) (Issuer)

      8/21/24 3:49:40 PM ET
      $CION
      Finance/Investors Services
      Finance
    • President & CIO Bresner Gregg A. bought $42,250 worth of shares (3,500 units at $12.07), increasing direct ownership by 5% to 57,599 units (SEC Form 4)

      4 - CION Investment Corp (0001534254) (Issuer)

      8/16/24 12:48:44 PM ET
      $CION
      Finance/Investors Services
      Finance

    $CION
    SEC Filings

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    • CION Investment Corporation filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits

      8-K - CION Investment Corp (0001534254) (Filer)

      10/8/24 8:30:30 AM ET
      $CION
      Finance/Investors Services
      Finance
    • CION Investment Corporation filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation, Financial Statements and Exhibits

      8-K - CION Investment Corp (0001534254) (Filer)

      10/4/24 4:30:28 PM ET
      $CION
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    • SEC Form CERT filed by CION Investment Corporation

      CERT - CION Investment Corp (0001534254) (Filer)

      10/4/24 8:28:57 AM ET
      $CION
      Finance/Investors Services
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    $CION
    Financials

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    • CION Investment Corporation Reports First Quarter 2025 Financial Results

      Declares Second Quarter 2025 Base Distribution of $0.36 per Share CION Investment Corporation (NYSE:CION) ("CION" or the "Company") today reported financial results for the first quarter ended March 31, 2025 and filed its Form 10-Q with the U.S. Securities and Exchange Commission. CION also announced that, on May 5, 2025, its co-chief executive officers declared a second quarter 2025 base distribution of $0.36 per share, payable on June 16, 2025 to shareholders of record as of June 2, 2025. FIRST QUARTER AND OTHER HIGHLIGHTS Net investment income and earnings per share for the quarter ended March 31, 2025 were $0.36 per share and $(0.80) per share, respectively; Net asset value per

      5/8/25 8:00:00 AM ET
      $CION
      Finance/Investors Services
      Finance
    • CION Investment Corporation Schedules 2025 First Quarter Earnings Release and Conference Call

      Call Scheduled for 11:00 a.m. ET on Thursday, May 8, 2025 CION Investment Corporation (NYSE:CION) ("CION") announced today that it will report its financial results for the first quarter ended March 31, 2025 on Thursday, May 8, 2025, 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. Participant Dial-in Numbers: Domestic (Toll-Free): 877-484-6065 International (Toll): +1 201-689-8846 All participants are asked to dial in approximately 10 minutes before start time. An accompanying slide presentation will be available in PDF format in the Investor Resources section of CION's website at www.cionbdc.c

      4/2/25 8:00:00 AM ET
      $CION
      Finance/Investors Services
      Finance
    • CION Investment Corporation Reports Fourth Quarter and Year End 2024 Financial Results

      Continued Strong Performance in 2024 With $1.79 in Net Investment Income and $1.52 in Total Shareholder Distributions CION Investment Corporation (NYSE:CION) ("CION" or the "Company") today reported financial results for the fourth quarter and year ended December 31, 2024 and filed its Form 10-K with the U.S. Securities and Exchange Commission. CION also announced that, on March 10, 2025, its co-chief executive officers declared a first quarter 2025 base distribution of $0.36 per share payable on April 11, 2025 to shareholders of record as of March 28, 2025. FOURTH QUARTER AND OTHER HIGHLIGHTS Net investment income and earnings per share for the quarter ended December 31, 2024 were $0.

      3/13/25 8:00:00 AM ET
      $CION
      Finance/Investors Services
      Finance