CION Investment Corp

CION Investment Corp. operates as a non-trading business development company. The firm invests in senior secured debt of U.S. middle market companies, including unitranche, second lien, long-term subordinated and mezzanine loans, and equity interests such as warrants or options and corporate bonds, and other debt securities in middle-market companies. It also invests in the secondary loan market. The company was founded on August 9, 2011 and is headquartered in New York, NY.

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

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Earnings data Q2 2023

Earnings data Q3 2023

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

CION Investment Corp posts strong Q1 earnings, eyes growth opportunities

CION Investment Corp reported a robust Q1 2024 performance, driven by strong net investment income and portfolio growth. Despite challenges in larger capital loan markets, the company's focus on the middle market and disciplined investment strategies have proven effective. With plans to extend debt facilities and capitalize on growth opportunities, CION remains well-positioned for future success.

CION Investment Corp reports resilient performance amidst credit challenges

CION Investment Corp navigated the competitive credit environment well, reporting satisfactory results for Q3 2024.
Despite challenges in credit risk management and portfolio valuation, the company's strategic focus on income generation and prudent investments remains a strength.
Opportunities lie in the rebuilding deal pipeline and strategic portfolio activities, offering potential for growth and optimization in the future.

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NEW YORK--(BUSINESS WIRE)--CION Investment Corporation (NYSE: CION) (“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. The share repurchase program authorizes CION to repurchase up to $60 million of its common shares, of which approximately $37.0 million remains available. CION had repurchased a total o.

CION Investment Corporation Announces Extension of Existing $60 Million Share Repurchase Program

CION Investment Corporation (NYSE:CION ) Q2 2023 Earnings Conference Call August 9, 2023 11:00 AM ET Company Participants Michael Reisner - Co-Chief Executive Officer Gregg Bresner - President & Chief Investment Officer Keith Franz - Chief Financial Officer Conference Call Participants Erik Zwick - Hovde Group Finian O'Shea - Wells Fargo Operator Thank you. Good morning and welcome to the CION Investment Corporation's Second Quarter 2023 Earnings Conference Call.

CION Investment Corporation (CION) Q2 2023 Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)--CION Investment Corporation (NYSE: CION) (“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 also announced that, on August 7, 2023, its co-chief executive officers declared (i) a third quarter 2023 regular distribution of $0.34 per share payable on September 15, 2023 to shareholders of record as of September 1, 2023 and (ii) a supplemental.

CION Investment Corporation Reports Second Quarter 2023 Financial Results

CONSHOHOCKEN, Pa.--(BUSINESS WIRE)--David's Bridal, LLC ("the Company"), the nation's leading bridal and special occasion authority, today announced that it has successfully closed its transaction with CION Investment Corporation (NYSE: CION) (“CION”), a leading publicly listed business development company, for the sale of substantially all of the Company's assets (the “CION Transaction”). Through the CION Transaction, David's Bridal will continue operations at up to 195 stores, preserving 7,00.

David's Bridal and CION Investment Corporation Complete Successful Transaction and Announce Plans for Go-Forward Industry Leading Bridal Company

NEW YORK--(BUSINESS WIRE)--CION Investment Corporation (NYSE: CION) (“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. Participant Dial-in Numbers: Domestic (Toll-Free): 877-484-6065 International (Toll): +1 201-689-8846 All participants are asked to dial in approxima.

CION Investment Corporation Schedules 2023 Second Quarter Earnings Release and Conference Call

CION Investment, a New York-based alternative asset manager, has seen Q1 revenues of $60.45mn, a 45.26% increase, with a net income of -31.05mn and a free cash flow of $12.54mn. The company's value proposition is supported by its vertically integrated investment fund structure, focus on first-lien, senior secured loans, and in-house capital origination and fundraising. Despite volatile cash flows, the company's vertical integration, lean organization, and quality investment philosophy combined with a moderate undervaluation leads me to rate the company a 'buy'.

CION's Vertical Integration Supports Margin Expanding Operational Growth

NEW YORK--(BUSINESS WIRE)--CION Investment Corporation (NYSE: CION) (“CION” or the “Company”) announced amendments to its credit facilities with JPMorgan Chase Bank, National Association (“JPM”) and UBS AG (“UBS”). On May 15, 2023, CION amended its credit facility with JPM to extend the reinvestment period from May 15, 2023 to May 15, 2024 and the maturity date from May 15, 2024 to May 15, 2025. Total advances to CION remain unchanged of up to $675,000,000, but the amount of minimum borrowing r.

CION Investment Corporation Announces Amendments to Its JPMorgan and UBS Credit Facilities

NEW YORK--(BUSINESS WIRE)--CION Ares Management LLC, a joint venture between affiliates of CION Investments (“CION”), a leading manager of alternative investment solutions for individual investors, and Ares Management Corporation (“Ares”), a leading global alternative investment manager, announced that the CION Ares Diversified Credit Fund (“CADC” or the “Fund”) has elected to return additional investment income to shareholders via a special increase to the daily distribution rate for all share.

CION Ares Diversified Credit Fund Announces Special Distribution Rate Increase

NEW YORK--(BUSINESS WIRE)--CION Investment Corporation (NYSE: CION) (“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 also announced that, on May 8, 2023, its co-chief executive officers declared a second quarter 2023 regular distribution of $0.34 per share payable on June 15, 2023 to shareholders of record as of June 1, 2023. FIRST QUARTER AND OTHER HIGHLIGHTS Net.

CION Investment Corporation Reports First Quarter 2023 Financial Results

CION makes investments in middle market companies to generate market beating returns due to their expertise in private credit and rigorous lending practices. CION has outperformed most of its peer BDCs over the past 6 months including ARCC, ORCC, FSK, and OCSL.

CION Investment: This Strong BDC Outperforms In 2023

NEW YORK--(BUSINESS WIRE)--CION Investment Corporation (NYSE: CION) (“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 Schedules 2023 First Quarter Earnings Release and Conference Call

NEW YORK--(BUSINESS WIRE)--CION Ares Management LLC, a joint venture between affiliates of CION Investments (“CION”), a leading manager of alternative investment solutions for individual investors, and Ares Management Corporation (“Ares”), a leading global alternative investment manager, announced that the CION Ares Diversified Credit Fund (“CADC” or the “Fund”) distribution rate has increased for all share classes.

CION Ares Diversified Credit Fund Announces Second Distribution Rate Increase in 2023

CION Investment Corporation (NYSE:CION ) Q4 2022 Results Conference Call March 16, 2023 11:00 AM ET Company Participants Michael Reisner - Co-Chief Executive Officer Gregg Bresner - President and Chief Investment Officer Keith Franz - Chief Financial Officer Conference Call Participants Finian O'Shea - Wells Fargo Operator Thank you. Good morning, and welcome to the CION Investment Corporation's Fourth Quarter and Year Ended December 31, 2022, Earnings Conference Call.

CION Investment Corporation (CION) Q4 2022 Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)--CION Investment Corporation (NYSE: CION) (“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 also announced that, on March 13, 2023, its co-chief executive officers declared a first quarter 2023 regular distribution of $0.

CION Investment Corporation Reports December 31, 2022 Financial Results

NEW YORK--(BUSINESS WIRE)--CION Ares Management LLC, a joint venture between affiliates of CION Investments (“CION”), a leading manager of alternative investment solutions for individual investors, and Ares Management Corporation (“Ares”), a leading global alternative investment manager, announced that the CION Ares Diversified Credit Fund (“CADC” or the “Fund”) will increase its distribution rates for all share classes, effective as of April 1, 2023.

CION Ares Diversified Credit Fund Announces Increase to Distribution Rate and Pricing of Preferred Shares

NEW YORK--(BUSINESS WIRE)--CION Investment Corporation (NYSE: CION) (“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”). The Notes will bear interest at a maximum rate equal to the Secured Overnight Financing Rate plus a credit spread of 3.82% per year, which will be paid quarterly commencing on May 31, 2023.

CION Investment Corporation Announces Pricing of Approximately $82 Million of Series A Unsecured Notes in Israel

NEW YORK--( BUSINESS WIRE )--CION Investment Corporation (NYSE: CION) (“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 Schedules 2022 Fourth Quarter and Year-End Earnings Release and Conference Call

NEW YORK--( BUSINESS WIRE )--CION Ares Management LLC, a joint venture between affiliates of CION Investments (“CION”), a leading manager of alternative investment solutions for individual investors, and Ares Management Corporation (“Ares”), a leading global alternative investment manager, announced that the CION Ares Diversified Credit Fund (“CADC” or the “Fund”) has reached a milestone six-year track record.

CION Ares Diversified Credit Fund Reaches Milestone Six-Year Track Record

CION Investment Corporation appears to be the best business development company to own in 2023 due to its solid dividend and share price growth prospects. The company is well-positioned to generate high risk-adjusted returns because its portfolio is well-positioned to benefit from high interest rates, while low non-accruals limit the downside risk.

BDCs: CION Investment Outperforming Peers And S&P 500

Ares Management

NEW YORK--( BUSINESS WIRE )--CION Ares Management LLC, a joint venture between affiliates of CION Investments (“CION”), a leading manager of alternative investment solutions for individual investors, and Ares Management Corporation (“Ares”), a leading global alternative investment manager, announced that the CION Ares Diversified Credit Fund (“CADC” or the “Fund”) increased its distribution rates for all share classes, effective as of January 1, 2023.

CION Ares Diversified Credit Fund Announces Increase to Distribution Rate

CION Investment Corp. is an externally managed closed-end fund that is regulated as a BDC. It primarily provides senior secured loans to US middle-market companies. The book value was $16.26 per share as of Sept. 30, 2022.

CION Had Good Performance In 2022 But Still Trades Well Below Book Value

NEW YORK--( BUSINESS WIRE )--CION Investment Corporation (NYSE: CION) (“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 Announces Special Year-End 2022 Distribution of $0.27 Per Share

CION Investment Corporation (NYSE:CION ) Q3 2022 Earnings Conference Call November 10, 2022 11:00 AM ET Company Participants Michael Reisner – Co-Chief Executive Officer Gregg Bresner – President and Chief Investment Officer Keith Franz – Chief Financial Officer Conference Call Participants Casey Alexander – Compass Point Operator Operator Good morning, and welcome to the CION Investment Corporation's Third Quarter Ended September 30, 2022 Earnings Conference Call. An earnings press release was distributed earlier this morning before market opened.

CION Investment Corporation (CION) Q3 2022 Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)--CION Investment Corporation (NYSE: CION) (“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 Reports Third Quarter 2022 Financial Results

NEW YORK--(BUSINESS WIRE)--CION Investment Corporation (NYSE: CION) (“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.

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