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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.

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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.

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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.

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CION Investment Corporation (NYSE: CION) will announce its financial results for Q1 2022 on May 12, 2022, before market opening. A conference call will follow at 11:00 a.m. ET. CION focuses on senior secured loans to U.S. middle-market companies, managing approximately $1.8 billion in assets as of December 31, 2021. Investors can access a slide presentation and the webcast via their website.

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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.

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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.

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CION Investment Corporation (NYSE: CION) will announce its financial results for the fourth quarter and fiscal year ending December 31, 2021 on March 10, 2022, before market opening. Following the release, an earnings conference call is scheduled at 11:00 a.m. Eastern Time. CION, a leading business development company, reported approximately $1.8 billion in assets as of September 30, 2021. Investors can access more information on CION's website or through their webcast.

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CION Investment Corporation (NYSE: CION) announced that its shareholders approved a reduction of the asset coverage requirement from $1 debt per $1 equity to $2 debt per $1 equity. This change is effective as of December 31, 2021, allowing CION to increase leverage and target a debt-to-equity ratio of 1.00 to 1.25x. The Company aims to prudently grow assets and generate returns for shareholders through senior secured loans to U.S. middle-market companies.

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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.

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CION Investment Corporation (NYSE: CION) has approved a special cash distribution of $0.20 per share for the year ending December 31, 2021. This distribution, higher than the initially estimated range of $0.14 to $0.20, will be paid on December 23, 2021, to shareholders of record as of December 16, 2021. The company also announced a regular quarterly distribution of $0.28 per share for Q1 2022, reflecting a $0.02 increase from Q4 2021.

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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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FAQ

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

The current stock price of CION Investment Corporation (CION) is $11.49 as of December 23, 2024.

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

The market cap of CION Investment Corporation (CION) is approximately 611.2M.

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.

CION Investment Corporation

NYSE:CION

CION Rankings

CION Stock Data

611.19M
53.02M
0.5%
34.7%
0.3%
Asset Management
Financial Services
Link
United States of America
NEW YORK