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CION Investment Corporation - CION STOCK NEWS

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.

CION Investment Corporation (symbol: CION) is an externally managed, non-diversified, closed-end management investment company that has chosen to be regulated as a business development company. Headquartered in New York, with additional offices in Boston, London, and Singapore, CION Investment Corporation specializes in alternative investment products aimed at both individual and institutional investors.

With a rich history spanning over 25 years, CION Investment Corporation and its affiliates have managed investments for more than 63,000 investors, making over $4.0 billion in total investments. CION’s core portfolio includes a variety of senior secured debt instruments such as first lien loans, second lien loans, and unitranche loans. In addition, the company invests in collateralized securities, structured products, unsecured debt, and equity, primarily targeting private and thinly-traded U.S. middle-market companies.

Among its recent achievements, CION Investment Corporation has continued to expand its portfolio and solidify partnerships that contribute to its growth and stability. The company remains committed to providing innovative and reliable alternative investment solutions through its publicly registered programs, private funds, and separately managed accounts.

To stay updated with the latest developments, performance metrics, and news about CION Investment Corporation, interested parties are encouraged to follow the company’s announcements and press releases.

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CION Investment (NYSE: CION) has announced it will release its financial results for the second quarter ending June 30, 2024, on Thursday, August 8, 2024, prior to market opening.

The results will be discussed in an earnings conference call scheduled for 11:00 a.m. ET on the same day. Stakeholders can join via domestic toll-free number 877-484-6065 or international toll +1 201-689-8846, with instructions to dial in 10 minutes early.

A slide presentation will be accessible in the Investor Resources section of CION’s website, and a webcast registration link is available for those interested. The recording of the call will be available shortly after its conclusion.

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CION Investment (NYSE: CION) has declared a mid-year supplemental distribution of $0.05 per share for the period ending June 30, 2024. This distribution will be payable on July 12, 2024, to shareholders of record as of June 28, 2024. This announcement brings the total distributions declared in the first half of 2024 to $0.75 per share. According to Michael A. Reisner, co-CEO of CION, the supplemental distribution is a result of the sustained performance of their conservatively positioned investment portfolio and reflects their success in executing their long-term strategy aimed at generating attractive returns for shareholders.

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CION Investment reported strong financial results for the first quarter of 2024, including record quarterly net investment income and an increased base distribution for the second quarter. The company's net investment income and earnings per share were $0.60 and $0.12, respectively. The net asset value per share decreased slightly to $16.05. The company's total investments at fair value amounted to $1.74 billion across 109 portfolio companies. During the quarter, the company funded new investment commitments of $107 million and had sales and repayments totaling $207 million. Investments on non-accrual status decreased compared to the previous quarter. The company also repurchased shares of its common stock. CION announced a second quarter 2024 base distribution of $0.36 per share, representing a 5.9% increase from the first quarter distribution.

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CION Ares Diversified Credit Fund, a joint venture between CION Investments and Ares Management , has surpassed $5 billion in total assets under management. The Fund offers investors direct access to alternative credit opportunities, providing income, stability, and lower portfolio volatility through diversification. CADC invests in a mix of illiquid and liquid credit investments, aiming for superior risk-adjusted returns. The Fund is distributed through various channels, catering to individual investors seeking alternative investment options.

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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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FAQ

What is CION Investment Corporation?

CION Investment Corporation is an externally managed, non-diversified, closed-end management investment company regulated as a business development company.

What types of investments does CION focus on?

CION focuses on senior secured debt, including first lien loans, second lien loans, and unitranche loans, as well as collateralized securities, structured products, unsecured debt, and equity.

Where is CION Investment Corporation headquartered?

CION Investment Corporation is headquartered in New York, with additional offices in Boston, London, and Singapore.

How long has CION been in the alternative asset management industry?

CION and its affiliates have over 25 years of experience in the alternative asset management industry.

How many investors has CION managed investments for?

CION has managed investments for more than 63,000 investors.

What is the total value of investments made by CION?

CION has made more than $4.0 billion in total investments.

What is the main target market for CION's investments?

CION primarily targets private and thinly-traded U.S. middle-market companies.

What recent achievements has CION obtained?

CION has continued to expand its portfolio and solidify partnerships that contribute to its growth and stability.

How can I stay updated on CION's latest news and developments?

You can stay updated on CION's latest news and developments by following their announcements and press releases.

What types of investment programs does CION offer?

CION offers publicly registered programs, private funds, and separately managed accounts for alternative investments.

CION Investment Corporation

NYSE:CION

CION Rankings

CION Stock Data

652.96M
53.57M
0.49%
34.98%
0.15%
Securities and Commodity Exchanges
Finance and Insurance
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United States of America
NEW YORK