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.
CION Investments announced a record raise of $390 million for the CION Ares Diversified Credit Fund (CADC) in Q1, boosting total managed assets to $3.1 billion. Co-CEO Michael A. Reisner attributed this success to the Fund’s floating rate strategy and investor demand for credit alternatives. The CADC employs a dynamic asset allocation framework targeting superior risk-adjusted returns across market cycles. CION aims to provide individual investors accessible alternative credit investments without high minimums or long lock-up periods.
CION Investment Corporation (NYSE: CION) announced the closing of a $50 million senior unsecured term loan with More Provident Funds and Pension Ltd. on April 27, 2022. Net proceeds, approximately $49 million, will fund investments and corporate purposes. The loan bears interest at a floating rate plus a 1.0% SOFR floor, maturing on April 27, 2027. Additionally, CION increased its JPM Credit Facility from $575 million to $675 million to enhance borrowing capacity for further investments. This expansion underscores the strong relationships with lenders.
CION Investment Corporation (NYSE: CION) will announce its financial results for Q1 2022 on
Invacare Corporation (NYSE: IVC) announced the appointment of Aron I. Schwartz to its Board of Directors, effective March 21, 2022. Schwartz, Managing Partner at ACON Investments, brings extensive financial expertise to the company. His role includes positions on the Audit Committee and Nominating and Governance Committee, expanding Invacare's board to nine directors, eight of whom are independent. The company's leadership expressed optimism that Schwartz's experience will enhance Invacare's business transformation and profitability.
CION Investment Corporation (CION) reported its fourth quarter and fiscal year results for 2021, highlighting a net investment income of $0.32 per share and earnings per share of $0.28. The company declared a second quarter 2022 distribution of $0.28 per share. Key actions included forming a joint venture with EagleTree Capital and reducing its asset coverage ratio from 200% to 150%, allowing for increased leverage. Although net asset value decreased to $16.34, total investments rose to $1.67 billion, with 93.9% in senior secured loans. The conference call on March 10, 2022, will discuss these results further.
CION Investment Corporation (NYSE: CION) will announce its financial results for the fourth quarter and fiscal year ending
CION Investment Corporation (NYSE: CION) announced that its shareholders approved a reduction of the asset coverage requirement from
CION Investment Corporation has established a joint venture with EagleTree Capital named CION/EagleTree Partners, LLC. This off-balance sheet partnership allows EagleTree to invest alongside CION, focusing on debt and junior capital investment opportunities. The initial combined holdings are approximately $97 million in second lien debt and $15 million in cash. CION retains 85% ownership, while EagleTree and Bullingham Capital hold 15%. The partnership aims to leverage the strengths of both firms to enhance returns for shareholders.
CION Investment Corporation (NYSE: CION) has approved a special cash distribution of
CION Investments has announced a joint venture with Man Group, pooling expertise to enhance access to private market investment solutions. Starting with Man Global Private Markets, which manages $3.3 billion, the partnership aims to offer scalable solutions leveraging real estate investment capabilities. Man GPM has financed more than 18,000 properties worth over $10 billion since 2012. With CION managing $1.8 billion in assets under management, this collaboration is positioned to meet increasing investor demand for diversification and income.
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