CION Investment Corp said it will report results for the quarter ended September 30, 2026, before market open on November 5, 2026, and hold an earnings conference call at 11:00 a.m. ET that day. CION focuses primarily on senior secured loans to U.S. middle-market companies and had approximately $1.8 billion in total assets as of June 30, 2026.
CION Investment Corp. (CICB) repaid in full the $114.8 million aggregate principal amount of its public Israel Series A Unsecured Notes due 2026 on August 31, 2026, at par plus accrued and unpaid interest. Its wholly owned financing subsidiary, 34th Street Funding, LLC, repaid approximately $200 million of outstanding advances under its JPMorgan Chase Bank credit facility on September 25, 2026, terminated the facility, and had all security interests on its assets released.
On September 17, 2026, CION closed a strategic joint venture with institutional investors, forming Senior Loan Fund Partners, LLC. The venture issued $125 million in senior secured notes and $59.7 million in membership interests, then used the combined proceeds to purchase 20 senior secured first lien loans from CION. The portfolio had approximately $180.3 million in aggregate par and $180.0 million in aggregate fair value, for an implied purchase price of 99.8% of par. After the transactions, CION’s pro forma estimated net leverage as of June 30, 2026 would have decreased to approximately 1.35x.
CION Investment Corp (CICB) entered into an Amended and Restated LLC Agreement to form Senior Loan Fund Partners, LLC, a joint venture with institutional investors that will invest primarily in senior secured first lien loans to U.S. middle‑market companies. The joint venture is capitalized with $125.0 million of senior secured notes issued to investors at 98.25% of face value and $59.7 million of LLC interests, with CION holding 80% common interests and investors holding 20% preferred interests.
The preferred LLC interests carry an 11.50% cumulative annual dividend and priority over common distributions. The joint venture used combined proceeds to purchase from CION a portfolio of 20 first lien loans with $180.3 million aggregate par and $180.0 million fair value, implying 99.8% of par. CION received approximately $132.3 million of net proceeds, which it plans to use to repay outstanding debt and for general corporate purposes. The notes bear interest at three‑month SOFR plus 4.75% (with a 1.00% SOFR floor), have a seven‑year final maturity, and are subject to a two‑year investment period and a post‑period 100% cash flow sweep to repay principal.
CION Investment Corporation reported stronger results for the quarter ended June 30, 2026. Net investment income was $14.2 million, or $0.29 per share, on total investment income of $49.8 million. Earnings were $0.62 per share, reflecting $16.8 million of net realized and unrealized gains.
Net asset value per share rose to $13.57 from $13.11 at March 31, 2026, a 3.5% increase driven mainly by mark-to-market gains on equity holdings. The $1.65 billion portfolio spanned 82 companies, with 79.2% in senior secured first-lien loans and non-accruals reduced to 1.44% of fair value.
CION continued its capital return and deleveraging strategy, repurchasing 1.1 million shares for $8.0 million in the quarter and increasing its share repurchase authorization by $50 million to $130 million. Net debt-to-equity improved to 1.52x, and the company paid Q2 base distributions of $0.30 per share while declaring an additional $0.30 per share in base distributions for Q4 2026.
CĪON Investment Corporation entered into Note Purchase Agreements with an institutional investor for a private placement of senior unsecured notes: up to $10,000,000 of 7.50% notes due 2029 and up to $50,000,000 of 8.00% notes due 2031. An initial closing on July 15, 2026 totaled $30,000,000 in principal, consisting of $2,000,000 of 2029 Notes and $28,000,000 of 2031 Notes, with a second closing of up to $30,000,000 available within one year, subject to conditions.
The 2029 and 2031 Notes were issued at 98.00% and 97.00% of principal, respectively, bear fixed interest at 7.50% and 8.00% paid quarterly starting October 15, 2026, and mature on September 30, 2029 and July 15, 2031. They are general unsecured obligations ranking pari passu with other unsecured unsubordinated debt and effectively junior to secured and subsidiary-level obligations. Covenants include maintaining business development company status, minimum shareholders’ equity of $493.1 million, an asset coverage ratio of at least 150%, and minimum interest and unencumbered asset coverage ratios of 1.25 to 1.00. CĪON plans to use net proceeds to repay existing debt, with any remainder for working capital and general corporate purposes, as part of a broader balance-sheet optimization and leverage-reduction strategy.
CION Investment Corporation announced plans for its upcoming second-quarter 2026 earnings release and conference call. The company will report financial results for the quarter ended June 30, 2026 on Thursday, August 6, 2026, before U.S. markets open, and hold an earnings call at 11:00 a.m. Eastern Time the same day.
The press release notes participant dial-in options for domestic and international callers, as well as a webcast and replay link. It also highlights that CION is a publicly listed business development company with approximately $1.8 billion in total assets as of March 31, 2026, focused primarily on senior secured loans to U.S. middle-market companies.
CĪ Investment Corporation reported the results of its Annual Meeting of Shareholders held on June 25, 2026. As of the April 30, 2026 record date, 49,789,210 common shares were eligible to vote and 32,603,998 shares were represented in person or by proxy.
Shareholders elected all director nominees listed in the 2026 proxy statement. For example, Robert A. Breakstone received 10,936,714 votes for and 3,212,483 votes withheld, while Catherine K. Choi received 12,410,684 votes for and 1,738,513 votes withheld, with no broker non-votes for either nominee.
Shareholders also approved the ratification of RSM US LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026, with 31,424,238 votes for, 553,834 votes against and 625,926 abstentions, and no broker non-votes recorded on this proposal.
CION Investment Corporation reported first-quarter 2026 results showing lower earnings but a still-earning portfolio and continued shareholder payouts. Total investment income was $49.5 million, producing net investment income of $12.9 million, or $0.25 per share, down from $0.35 in the prior quarter. Net asset value per share fell to $13.11 from $13.76, mainly from unrealized mark-to-market losses on investments.
The board’s delegates declared base distributions of $0.10 per share for each of July, August, and September 2026, totaling $0.30 for the quarter. The investment portfolio stood at $1.70 billion at fair value across 89 companies, with 80.8% in senior secured first lien debt. As of March 31, 2026, CION had $1.17 billion of debt outstanding and a net debt-to-equity ratio of 1.62x, with non-accruals at 1.53% of the portfolio at fair value.
During the quarter, CION repurchased 1.1 million shares at an average price of $8.71, totaling $9.7 million. It also issued $135 million of 7.50% senior unsecured notes due 2031 and repaid $100 million under its JPM credit facility, while ending the quarter with $106 million in cash and short-term investments and $100 million of additional financing capacity.
CĪON Investment Corporation is asking shareholders to vote at its 2026 annual meeting, held virtually on June 25, 2026 at 3:00 p.m. Eastern. Holders of common stock as of April 30, 2026, when 49,789,210 shares were outstanding, are entitled to vote.
Shareholders will elect two Class II independent directors (Robert A. Breakstone and Catherine K. Choi) and vote on ratifying RSM US LLP as independent registered public accounting firm for the year ending December 31, 2026. The Board, including all independent directors, unanimously recommends voting “FOR” both proposals.
The proxy describes a majority-independent Board, detailed committee structure, and director pay, as well as related-party arrangements with its adviser CIM. It also notes an $80 million share repurchase authorization, under which the company bought about 1.77 million shares in 2025 at an average of $9.70.
CĪON Investment Corporation reported a planned change to its Board of Directors. On April 17, 2026, Class II independent director Aron I. Schwartz informed the Board that he will not stand for re-election at the 2026 Annual Meeting and will depart effective June 25, 2026, to pursue other professional opportunities.
The company states that Mr. Schwartz’s decision did not result from any disagreement regarding its operations, policies or practices. Following his decision, the Board approved reducing its size from eight to seven members, of which five will be independent, effective as of the date of the Annual Meeting.