CION Investment Corporation Announces Year-End Special Distribution of $0.05 Per Share

Rhea-AI Summary

CION Investment (NYSE: CION) has declared a special distribution of $0.05 per share for the year ending December 31, 2024, payable on January 27, 2025, to shareholders of record as of December 30, 2024. This special distribution, combined with previous distributions, brings the total distributions declared in 2024 to $1.52 per share. The special distribution reflects a portion of the company's investment company taxable income generated throughout the year. Management highlights their first-lien focus, flexible balance sheet, and disciplined capital deployment as key factors for potential future returns.

Positive

• Total distributions for 2024 amount to $1.52 per share
• Special distribution of $0.05 per share indicates excess taxable income generation
• Portfolio demonstrates consistent income generation capability

Negative

• None.

Insights

Financial Analyst

CION Investment 's special distribution announcement reflects strong portfolio performance and effective income generation. The $0.05 per share special dividend, combined with regular distributions, brings the total 2024 payout to $1.52 per share. For a BDC with a market cap of $619.7M, this demonstrates robust cash flow generation and commitment to shareholder returns. The company's first-lien focus suggests a conservative lending approach, prioritizing senior secured positions that typically offer better downside protection in uncertain economic conditions. The flexible balance sheet indicates strong liquidity management and ability to capitalize on market opportunities. Given current market volatility, CION's disciplined capital deployment strategy appears well-positioned to maintain steady returns while managing risk exposure.

For retail investors, this translates to an attractive yield profile. The special distribution, while modest, signals management's confidence in the portfolio's performance and ability to generate excess income beyond regular dividend commitments. The first-lien emphasis provides a layer of security in the current high-interest rate environment, where credit quality becomes increasingly important.

Distributions Declared in 2024 Total $1.52 Per Share

NEW YORK--(BUSINESS WIRE)-- CION Investment Corporation (NYSE: CION) (“CION”) today announced that it has declared a special distribution for the year ending December 31, 2024 in the amount of $0.05 per share, payable on January 27, 2025 to shareholders of record as of December 30, 2024, which results in total distributions declared in 2024 of $1.52 per share. The special distribution represents a portion of the Company’s investment company taxable income generated through the course of the year.

Michael A. Reisner, co-CEO of CION stated, “We are pleased to announce a year-end special dividend for 2024, driven by the consistent income generation of our portfolio. Looking ahead, we believe our first-lien focus, flexible balance sheet, and disciplined capital deployment positions CION well for attractive risk-adjusted returns for shareholders.”

ABOUT CION INVESTMENT CORPORATION

CION Investment Corporation is a leading publicly listed business development company that had approximately $1.9 billion in total assets as of September 30, 2024. CION seeks to generate current income and, to a lesser extent, capital appreciation for investors by focusing primarily on senior secured loans to U.S. middle-market companies. CION is advised by CION Investment Management, LLC, a registered investment adviser and an affiliate of CION. For more information, please visit www.cionbdc.com.

FORWARD-LOOKING STATEMENTS

This press release may contain forward-looking statements that involve substantial risks and uncertainties. You can identify these statements by the use of forward-looking terminology such as "may," "will," "should," "expect," "anticipate," "project," "target," "estimate," "intend," "continue," or "believe" or the negatives thereof or other variations thereon or comparable terminology. You should read statements that contain these words carefully because they discuss CION’s plans, strategies, prospects and expectations concerning its business, operating results, financial condition and other similar matters. These statements represent CION’s belief regarding future events that, by their nature, are uncertain and outside of CION’s control. There are likely to be events in the future, however, that CION is not able to predict accurately or control. Any forward-looking statement made by CION in this press release speaks only as of the date on which it is made. Factors or events that could cause CION’s actual results to differ, possibly materially from its expectations, include, but are not limited to, the risks, uncertainties and other factors CION identifies in the sections entitled "Risk Factors" and "Forward-Looking Statements" in filings CION makes with the SEC, and it is not possible for CION to predict or identify all of them. CION undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

OTHER INFORMATION

The information in this press release is summary information only and should be read in conjunction with CION’s Current Report on Form 8-K, which CION filed with the SEC on December 23, 2024, as well as CION’s other reports filed with the SEC. A copy of CION’s Current Report on Form 8-K and CION’s other reports filed with the SEC can be found on CION’s website at www.cionbdc.com and the SEC’s website at www.sec.gov.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241223508600/en/

Media

Susan Armstrong

sarmstrong@cioninvestments.com



Investor Relations

Charlie Arestia

carestia@cioninvestments.com

(646) 253-8259

Source: CION Investment Corporation

FAQ

What is CION's special distribution amount for year-end 2024?

CION announced a special distribution of $0.05 per share for year-end 2024.

When will CION's 2024 special distribution be paid?

The special distribution will be paid on January 27, 2025, to shareholders of record as of December 30, 2024.

What is CION's total distribution amount declared for 2024?

CION's total distributions declared for 2024 amount to $1.52 per share.

Why is CION paying a special distribution for 2024?

The special distribution represents a portion of CION's investment company taxable income generated through the course of the year.

What is CION's investment strategy for shareholder returns?

CION focuses on first-lien investments, maintains a flexible balance sheet, and employs disciplined capital deployment to generate attractive risk-adjusted returns for shareholders.