CION Investment Corp SEC Filings

CION Investment Corporation reported weaker fourth-quarter 2025 results and affirmed steady cash distributions. Total investment income fell to $53.8 million from $78.7 million in the prior quarter, while net investment income after taxes held at $18.3 million, or $0.35 per share.

Unrealized losses of $59.5 million, largely from equity marks, drove an earnings loss of $(0.80) per share and reduced net asset value per share to $13.76 from $14.86. The portfolio totaled $1.70 billion at fair value across 89 companies, with about 80.8% in senior secured first-lien loans and non-accruals at 1.78% of fair value.

Total debt outstanding was $1.14 billion, producing net debt-to-equity of 1.44x, while cash and short-term investments were $124 million with $100 million of additional financing capacity. The company paid a $0.36 per-share base distribution in Q4 2025 and has declared $0.10 per share monthly distributions for January through June 2026, totaling $0.30 for Q2 2026.

CION Investment Corporation, a Maryland-based business development company listed on the NYSE, has filed its annual report. The company’s securities include common stock and two series of 7.50% notes due 2029 and 2031.

As of June 30, 2025, the aggregate market value of voting common stock held by non-affiliates was approximately $497,804,458, based on a NYSE closing price of $9.57 per share. There were 50,496,524 common shares outstanding as of March 4, 2026. The report emphasizes extensive forward-looking statements and risk factors tied to economic conditions, interest rates, geopolitical events, technology change, and cybersecurity.

CĪON Investment Corporation reported that on February 24, 2026, Charlie Arestia resigned from his roles as Managing Director and Head of Investor Relations of both CĪON Investment Corporation and its adviser, CION Investment Management, LLC. The company states that he is leaving to pursue other career opportunities.

CION Investment Corporation entered into a Second Supplemental Indenture with U.S. Bank Trust Company to issue and sell $125.0 million of its 7.50% Notes due 2031. These unsecured notes pay interest quarterly starting March 30, 2026 and mature on March 31, 2031 unless earlier redeemed.

The notes rank equally with CION’s other unsecured unsubordinated debt, are subordinated to secured borrowings, and are structurally subordinated to subsidiary obligations. CION may redeem the notes, in whole or in part, at $25 per note plus accrued interest on or after March 31, 2028. The notes were issued in a registered public offering, and CION plans to use the net proceeds to pay down borrowings under its senior secured credit facilities.

CĪON Investment Corporation is issuing $125,000,000 of 7.50% Notes due March 31, 2031. The notes are priced at $25 each, with a $0.75 per note underwriting discount, generating estimated net proceeds of about $120.95 million before any overallotment option.

The notes pay 7.50% annual interest in cash, with quarterly payments on March 30, June 30, September 30 and December 30, starting March 30, 2026. They are unsecured, unsubordinated obligations that rank equally with CĪON’s existing unsecured debt and are structurally subordinated to $400 million of secured subsidiary borrowings as of September 30, 2025.

CĪON may redeem the notes, in whole or in part, at par plus accrued interest on or after March 31, 2028. The company intends to list the notes on the NYSE and use the net proceeds primarily to repay a portion of its secured credit facilities and for working capital and general corporate purposes.

CĪON Investment Corporation entered into an underwriting agreement on February 2, 2026 for a public debt offering. The company plans to issue and sell $125.0 million aggregate principal amount of its 7.50% Notes due 2031, with closing expected on February 9, 2026, subject to customary conditions.

The underwriters also have a 30-day option to purchase up to an additional $18.75 million in principal amount of these notes to cover overallotments. The transaction is being conducted under CĪON’s effective shelf registration statement on Form N-2, using a preliminary and final prospectus supplement each dated February 2, 2026.

CĪON Investment Corporation, a business development company focused on U.S. middle‑market credit, is offering new unsecured fixed-rate notes maturing in 2031. The notes pay interest quarterly on March 30, June 30, September 30 and December 30, beginning March 30, 2026, in minimum denominations of $25, and are expected to be listed on the NYSE and trade "flat." They rank equally with CĪON’s other unsecured, unsubordinated debt and are effectively subordinated to secured borrowings and structurally subordinated to subsidiary-level debt, including credit facilities at JPMorgan and UBS. CĪON may redeem the notes, in whole or in part, on or after 2028 at 100% of principal plus accrued interest. Net proceeds are intended to repay a portion of secured indebtedness and for working capital and general corporate purposes, which may shift its capital structure toward more unsecured debt. The notes carry limited covenant protection, rely on asset coverage tests under the 1940 Act, and face risks tied to leverage, subordination and the potential absence of a liquid trading market.

CĪON Investment Corporation filed a current report stating that it will release its financial results for the fourth quarter and full year ended December 31, 2025 on March 12, 2026, before U.S. financial markets open. The company also plans to hold an earnings conference call at 11 a.m. Eastern Time that same day to discuss the results.

The details were provided in a press release dated January 21, 2026, which is included as an exhibit and is treated as furnished, not filed, under securities laws.