Cion Investment Stock Price, News & Analysis

CICB is the New York Stock Exchange trading symbol for the 7.50% Notes due 2029 issued by CĪON Investment Corporation. According to CĪON Investment Corporation’s Form 8-K filings, these notes are a class of securities registered under Section 12(b) of the Securities Exchange Act of 1934 and are listed on the NYSE with the trading symbol CICB, alongside the company’s common stock, which trades under the symbol CION.

CĪON Investment Corporation is organized in Maryland and files reports with the U.S. Securities and Exchange Commission under Commission File Number 814-00941. The company identifies itself as a business development company within the meaning of the Investment Company Act of 1940 in its Note Purchase Agreement description, and it has entered into various note financing arrangements described in its 8-K filings. CĪON Investment Corporation’s principal executive offices are located in New York, New York.

The 7.50% Notes due 2029 (CICB) represent a debt security of CĪON Investment Corporation. In the company’s SEC filings, these notes are described as senior unsecured obligations of CĪON that rank pari passu with its existing and future unsecured unsubordinated indebtedness, effectively junior to any secured indebtedness to the extent of the value of the collateral, and structurally junior to indebtedness of certain subsidiaries and financing vehicles. The notes are part of CĪON’s broader capital structure, which also includes other senior unsecured notes with different maturities and interest rates.

In a Form 8-K dated December 18, 2025, CĪON Investment Corporation reported entering into a Note Purchase Agreement with certain institutional investors in connection with the issuance of additional senior unsecured notes, including notes due 2029 and notes due 2027. That filing describes the interest rates, maturity dates, redemption provisions, and key financial covenants associated with those notes, and it notes that the notes are rated investment grade by DBRS, Inc. The filing also explains that the notes are general unsecured obligations and outlines the relative ranking of this indebtedness compared with other obligations of CĪON.

The company’s 8-K filings further describe that the Note Purchase Agreement governing these senior unsecured notes includes covenants related to information reporting, maintenance of CĪON’s status as a business development company, minimum shareholders’ equity, minimum asset coverage ratios, interest coverage ratios, and unencumbered asset coverage ratios. The agreement also contains a “most favored lender” provision in favor of the purchasers with respect to certain future unsecured indebtedness, as well as customary events of default such as nonpayment, breaches of covenants, cross-defaults under other material indebtedness, certain judgments and orders, and specified bankruptcy-related events.

While the 8-K filings provide detailed information on the terms of CĪON Investment Corporation’s senior unsecured notes and related agreements, they do not provide a full narrative business description of CĪON’s investment strategy, portfolio composition, or specific industry focus beyond its status as a business development company. Investors researching CICB as a debt security can therefore use these filings to understand the legal and financial terms that govern the notes, their ranking in the capital structure, and the key covenants that are intended to protect noteholders.

Because CICB represents a note issued by CĪON Investment Corporation rather than an equity security, analysis of this symbol typically focuses on the credit profile of the issuer, the terms of the indenture or note purchase agreement, and the covenants and events of default disclosed in SEC filings. The company’s periodic and current reports, including Forms 10-K, 10-Q, and 8-K, provide the primary source documents for understanding the risk profile associated with the 7.50% Notes due 2029.

Trading and registration

In multiple Form 8-K filings, CĪON Investment Corporation lists the 7.50% Notes due 2029 as a class of securities registered under Section 12(b) of the Exchange Act, with the trading symbol CICB and the New York Stock Exchange as the exchange on which they are listed. These filings confirm that the notes trade on the NYSE alongside the company’s common stock.

Key structural features from SEC filings

• The 7.50% Notes due 2029 are described as general unsecured obligations of CĪON Investment Corporation.
• They rank pari passu with CĪON’s existing and future unsecured unsubordinated indebtedness.
• They rank effectively junior to any secured indebtedness of CĪON to the extent of the value of the assets securing such indebtedness.
• They rank structurally junior to indebtedness (including trade payables) incurred by certain subsidiaries, financing vehicles, or similar facilities.
• The Note Purchase Agreement governing certain senior unsecured notes includes financial covenants such as minimum shareholders’ equity, minimum asset coverage ratio, minimum interest coverage ratio, and minimum unencumbered asset coverage ratio.
• The agreement includes customary events of default, including nonpayment, material misrepresentations, covenant breaches, cross-defaults under other significant indebtedness, certain judgments, and specified bankruptcy events.

Use of proceeds and related financing activity

In its December 18, 2025 Form 8-K, CĪON Investment Corporation states that it intends to use the net proceeds from the issuance of certain senior unsecured notes, including notes due 2029 and notes due 2027, primarily to repay existing senior unsecured notes maturing in February 2026, to make investments in portfolio companies in accordance with its investment objectives, and for working capital and general corporate purposes. That filing also notes that the offering was conducted as a private placement under Section 4(a)(2) of the Securities Act of 1933 and that the notes issued in that transaction were not registered under the Securities Act or state securities laws.

Distribution and earnings-related disclosures

Although CICB itself is a debt security, CĪON Investment Corporation’s 8-K filings also describe its approach to shareholder distributions on its common stock. In several filings, the board of directors is described as having delegated to CĪON’s executive officers the authority to determine the amount, record dates, payment dates, and other terms of distributions to shareholders, subject to quarterly ratification by the board. These filings include announcements of base distributions per share for specific periods and changes in the timing of base distributions from quarterly to monthly. While these disclosures relate to the company’s common stock, they provide additional context on the issuer’s capital management practices, which may be relevant to holders of the 7.50% Notes due 2029.

Location and regulatory status

In its 8-K filings, CĪON Investment Corporation lists New York, New York as the location of its principal executive offices and identifies Maryland as its state of incorporation. The filings also reference CĪON’s status as a business development company under the Investment Company Act of 1940 and confirm that its securities, including the 7.50% Notes due 2029 (CICB), are registered under the Securities Exchange Act of 1934 and listed on the New York Stock Exchange.