Welcome to our dedicated page for CION Investment Corporation news (Ticker: $CION), a resource for investors and traders seeking the latest updates and insights on CION Investment Corporation stock.
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CION Investment (CION) will report its Q1 financial results on May 9, 2024, followed by an earnings conference call at 11:00 a.m. ET. Participants can dial in or access the webcast for more information.
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CION Investment (CION) appoints Charlie Arestia as Managing Director and Head of Investor Relations, aiming to strengthen investor relationships and expand business development.
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CION Investment Corporation (CION) reports strong financial performance with distributions of $0.54 per share and a $0.43 per share increase in NAV. The Company declared a first quarter 2024 base distribution of $0.34 per share. Net asset value per share increased by 2.7% to $16.23 as of December 31, 2023. CION had $1,092 million of total debt outstanding, with a net debt-to-equity ratio of 1.10x. The investment portfolio totaled $1,841 million in 111 portfolio companies across 24 industries, with 86.6% in senior secured loans. Non-accrual investments decreased to 0.9% of fair value. The Company repurchased shares and completed private offerings in Israel and the US.
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CION Investment Corporation (CION) will report its financial results for the fourth quarter and full year ended December 31, 2023 on March 14, 2024, followed by an earnings conference call at 11:00 a.m. ET. The company will provide an accompanying slide presentation in PDF format on its website. Participants can register for the webcast and access the recording if unable to attend the live call.
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CION Investment Corporation (CION) has declared a special cash distribution for the year ending December 31, 2023, in the amount of $0.15 per share, resulting in an increase in total distributions declared in 2023 of $0.16 per share, or 11.0%, from the previous year. The special year-end distribution also results in a declared distribution yield 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 previous year. Co-CEO Michael A. Reisner attributes the special distribution to the strong performance of the company's portfolio and its dedication to providing appealing and growing distributions to shareholders.
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CION Investment Corporation (NYSE: CION) closed a $100 million offering of Senior Unsecured Notes due 2027, bearing interest at a floating rate tied to SOFR. The Notes are rated investment grade and will be used to repay debt, make investments, and for general corporate purposes.
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CION Investment Corporation (NYSE: CION) reported a strong Q3 performance, with net investment income of $0.55 per share and earnings per share of $0.87. The net asset value per share increased by $0.49 to $15.80. The company announced a Q4 base distribution of $0.34 per share. Total investments at fair value were $1,728 million across 109 portfolio companies. Non-accrual status investments decreased to 1.0% of the total investment portfolio.
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CION Investment Corporation closes additional offering of $33.7 million in Series A Unsecured Notes in Israel.
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CION Ares Diversified Credit Fund announces an increase in base distribution rate for all share classes, reaching $4 billion in total assets under management. The annualized base distribution rate for Class I will increase by 5.00% effective October 1, 2023. The new combined base and special yield will be 9.35%. This reflects management's confidence in the Fund's investment strategy and ability to maintain consistent income. The Fund has experienced continual asset growth over the last six-plus years, offering stability and diversification away from public markets.
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CION Investment Corporation will report its Q3 2023 financial results on November 9, 2023, prior to the opening of the financial markets. An earnings conference call will be held at 11:00 a.m. ET on the same day. Participant Dial-in Numbers: Domestic (Toll-Free): 877-484-6065 International (Toll): +1 201-689-8846
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CION Investment Corporation
NYSE:CION
CION Rankings
CION Stock Data
630.51M
53.84M
0.47%
34.45%
0.25%
Securities and Commodity Exchanges
Finance and Insurance
United States of America
NEW YORK
About CION
icon investments is a leading asset manager that provides innovative alternative investment products to individual and institutional investors through publicly registered programs, private funds and separately managed accounts. with more than 25 years of experience in the alternative asset management industry, icon and its affiliates have managed investments for more than 63,000 investors and made more than $4.0 billion in total investments. icon investments is headquartered in new york, with offices in boston, london and singapore.