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CION Investment Corporation - CION STOCK NEWS

Welcome to our dedicated page for CION Investment Corporation news (Ticker: CION), a resource for investors and traders seeking the latest updates and insights on CION Investment Corporation stock.

CION Investment Corporation (symbol: CION) is an externally managed, non-diversified, closed-end management investment company that has chosen to be regulated as a business development company. Headquartered in New York, with additional offices in Boston, London, and Singapore, CION Investment Corporation specializes in alternative investment products aimed at both individual and institutional investors.

With a rich history spanning over 25 years, CION Investment Corporation and its affiliates have managed investments for more than 63,000 investors, making over $4.0 billion in total investments. CION’s core portfolio includes a variety of senior secured debt instruments such as first lien loans, second lien loans, and unitranche loans. In addition, the company invests in collateralized securities, structured products, unsecured debt, and equity, primarily targeting private and thinly-traded U.S. middle-market companies.

Among its recent achievements, CION Investment Corporation has continued to expand its portfolio and solidify partnerships that contribute to its growth and stability. The company remains committed to providing innovative and reliable alternative investment solutions through its publicly registered programs, private funds, and separately managed accounts.

To stay updated with the latest developments, performance metrics, and news about CION Investment Corporation, interested parties are encouraged to follow the company’s announcements and press releases.

News

CION Investment Corporation Reports Third Quarter 2023 Financial Results

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CION Investment Corporation (NYSE: CION) reported a strong Q3 performance, with net investment income of $0.55 per share and earnings per share of $0.87. The net asset value per share increased by $0.49 to $15.80. The company announced a Q4 base distribution of $0.34 per share. Total investments at fair value were $1,728 million across 109 portfolio companies. Non-accrual status investments decreased to 1.0% of the total investment portfolio.
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CION Investment Corporation Announces Issuance of Approximately $34 Million of Additional Series A Unsecured Notes in Israel

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CION Investment Corporation closes additional offering of $33.7 million in Series A Unsecured Notes in Israel.
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CION Ares Diversified Credit Fund Announces Increase to Distribution Rate and $4 Billion Total Assets Under Management Milestone

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CION Ares Diversified Credit Fund announces an increase in base distribution rate for all share classes, reaching $4 billion in total assets under management. The annualized base distribution rate for Class I will increase by 5.00% effective October 1, 2023. The new combined base and special yield will be 9.35%. This reflects management's confidence in the Fund's investment strategy and ability to maintain consistent income. The Fund has experienced continual asset growth over the last six-plus years, offering stability and diversification away from public markets.
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CION Investment Corporation Schedules 2023 Third Quarter Earnings Release and Conference Call

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CION Investment Corporation will report its Q3 2023 financial results on November 9, 2023, prior to the opening of the financial markets. An earnings conference call will be held at 11:00 a.m. ET on the same day. Participant Dial-in Numbers: Domestic (Toll-Free): 877-484-6065 International (Toll): +1 201-689-8846
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CION Investment Corporation Announces Extension of Existing $60 Million Share Repurchase Program

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CION extends $60M share repurchase program, $37M remaining. Repurchased 2,325,622 shares for $22M. Program may be suspended or discontinued.
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CION Investment Corporation Reports Second Quarter 2023 Financial Results

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David's Bridal and CION Investment Corporation Complete Successful Transaction and Announce Plans for Go-Forward Industry Leading Bridal Company

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David's Bridal (NYSE: CION) successfully closed a transaction with CION Investment Corporation, preserving 7,000 jobs across the U.S. CION has invested $20 million into the new business and assumed certain bankruptcy-related liabilities. Bank of America will continue to provide financing through a $50 million revolving credit facility and a $20 million term loan facility. The company's CEO expressed excitement for the future and thanked employees for their dedication. The transaction is expected to reduce the company’s debt burden and store portfolio, positioning it for future success.
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CION Investment Corporation Schedules 2023 Second Quarter Earnings Release and Conference Call

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CION Investment Corporation Announces Amendments to Its JPMorgan and UBS Credit Facilities

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CION Ares Diversified Credit Fund Announces Special Distribution Rate Increase

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CION Ares Diversified Credit Fund has announced a special increase to the daily distribution rate for all share classes, with the largest share class seeing a 10% increase to an annualized distribution rate of 9.13% on NAV. The increase will be effective from July 1, 2023 through June 30, 2024.
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FAQ

What is the current stock price of CION Investment Corporation (CION)?

The current stock price of CION Investment Corporation (CION) is $11.52 as of December 24, 2024.

What is the market cap of CION Investment Corporation (CION)?

The market cap of CION Investment Corporation (CION) is approximately 612.3M.

What is CION Investment Corporation?

CION Investment Corporation is an externally managed, non-diversified, closed-end management investment company regulated as a business development company.

What types of investments does CION focus on?

CION focuses on senior secured debt, including first lien loans, second lien loans, and unitranche loans, as well as collateralized securities, structured products, unsecured debt, and equity.

Where is CION Investment Corporation headquartered?

CION Investment Corporation is headquartered in New York, with additional offices in Boston, London, and Singapore.

How long has CION been in the alternative asset management industry?

CION and its affiliates have over 25 years of experience in the alternative asset management industry.

How many investors has CION managed investments for?

CION has managed investments for more than 63,000 investors.

What is the total value of investments made by CION?

CION has made more than $4.0 billion in total investments.

What is the main target market for CION's investments?

CION primarily targets private and thinly-traded U.S. middle-market companies.

What recent achievements has CION obtained?

CION has continued to expand its portfolio and solidify partnerships that contribute to its growth and stability.

How can I stay updated on CION's latest news and developments?

You can stay updated on CION's latest news and developments by following their announcements and press releases.

What types of investment programs does CION offer?

CION offers publicly registered programs, private funds, and separately managed accounts for alternative investments.

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CION Investment Corporation

NYSE:CION

CION Rankings

#2936 Ranked by Market Cap
#2046 Ranked by Dividends

CION Stock Data

612.26M
53.02M
0.5%
34.7%
0.3%
Asset Management
Financial Services
Link
United States of America
NEW YORK