Cion Invt Corp Stock Price, News & Analysis

CION Investment Corporation (NYSE: CION) announced its participation in the Sidoti Small-Cap Virtual Conference on September 22 at 9:15 AM ET. During this event, management will present and engage with investors throughout the day. The presentation will be accessible live online, and a replay will be available for 90 days. Investors can also download the presentation from the Investor Relations section of CION's website. As of June 30, 2022, CION holds approximately $1.9 billion in assets, primarily focusing on senior secured loans to U.S. middle-market companies.

CION Investment Corporation (NYSE: CION) announced a 10.7% increase in its third quarter regular distribution to $0.31 per share, payable on September 8, 2022. For the second quarter ending June 30, 2022, net investment income was $0.34 per share, while earnings per share stood at $(0.02). The net asset value per share decreased to $15.89 from $16.20. Total debt rose to $947.5 million with a debt-to-equity ratio of 1.05x. The company reported new investment commitments totaling $184 million and a net funded portfolio change of $63 million.

CION Investment Group (CION) has acquired a full stake in Seven Group, a marketing and practice management platform for financial advisors. This acquisition is aimed at enhancing the services available to CION's financial advisors and bolstering its retail distribution platform. Following the acquisition, Seven Group will be rebranded as Advisor I/O, continuing to provide support to advisors through coaching and technology. CION manages approximately $1.9 billion in assets through its investment corporation and $3.4 billion through the CION Ares Diversified Credit Fund.

CION Investment Corporation (NYSE: CION) will report its second quarter financial results on August 11, 2022, before market opening. A conference call is scheduled for 11:00 a.m. ET on the same day to discuss these results. The company focuses on senior secured loans to U.S. middle-market companies and had approximately $1.8 billion in assets as of March 31, 2022.

CION Investment Corporation (NYSE: CION) has announced a $10 million increase in its share repurchase authorization, raising the total to $60 million. The repurchase will be facilitated through a Rule 10b5-1 plan, with trading expected to commence after July 5, 2022. CION reported that its net investment income rose to $19.5 million, or $0.34 per share, as of March 31, 2022, supported by a strong portfolio with low non-accruals of 0.6%. The firm believes this buyback represents an efficient use of capital given the current trading discount to net asset value.

CION Investment Corporation (NYSE: CION) announced its participation in upcoming investor conferences. Notably, at the Wells Fargo BDC Power Alley Conference on June 9, management will host virtual meetings throughout the day. Additionally, at the LD Micro Invitational Conference in California, CION's main presentation is set for 8:30 am PT on June 9. The company reported approximately $1.8 billion in assets as of March 31, 2022, focusing on senior secured loans to U.S. middle-market companies.

CION Investment Corporation (NYSE: CION) reported its financial results for Q1 2022, revealing a net investment income of $0.34 per share and earnings per share of $0.14. The net asset value decreased to $16.20 from $16.34 due to market adjustments. Total debt outstanding rose to $875 million, with a debt-to-equity ratio of 0.95x. The company maintained a healthy portfolio of $1.74 billion across 115 companies, with 93.9% in senior secured loans. Despite marking net unrealized losses of $11.5 million, the company paid a distribution of $0.28 per share during the quarter.

CION Investments (CION) has partnered with Man Group to establish a joint venture, CION Man Management (CMM), focused on creating alternative investment solutions. CMM will combine Man Group's operational expertise with CION's retail product management. The partnership will utilize iCapital's technology to enhance access to private markets for financial advisors and high-net-worth clients. Currently, CION manages approximately $1.8 billion in assets through CION Investment Corporation and $3.1 billion in the CION Ares Diversified Credit Fund.

CION Investments announced a record raise of $390 million for the CION Ares Diversified Credit Fund (CADC) in Q1, boosting total managed assets to $3.1 billion. Co-CEO Michael A. Reisner attributed this success to the Fund’s floating rate strategy and investor demand for credit alternatives. The CADC employs a dynamic asset allocation framework targeting superior risk-adjusted returns across market cycles. CION aims to provide individual investors accessible alternative credit investments without high minimums or long lock-up periods.