CION Investment Corporation's filings document the public-company disclosures behind CICB, its 7.50% Notes due 2029 listed on the New York Stock Exchange. The record includes Form 8-K reports on financial results, shareholder distribution declarations, earnings communications, material agreements, and capital-structure disclosures involving CION's common stock and listed notes.
Proxy materials describe annual meeting business, director elections, board composition, committee matters, and auditor ratification. Other current reports cover officer and director changes, Regulation FD disclosures, and indenture-related agreements that define debt-security terms and trustee relationships for CION's note issuances.
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 reported first‑quarter 2026 results showing lower net income and net asset value. Total investment income was $49.5 million, down from $56.1 million a year earlier, as interest and fee income declined across several non‑controlled and controlled investments.
Operating expenses were $36.6 million, driven mainly by $24.4 million of interest expense and management and incentive fees. Net investment income after taxes was $12.9 million versus $19.3 million in the prior‑year quarter, reflecting higher financing costs and lower yields.
Fair value of investments totaled $1.80 billion against amortized cost of $1.96 billion, and net unrealized depreciation of $36.1 million plus modest realized gains produced a $23.0 million net decrease in net assets from operations, or $(0.45) per share. Shareholders’ equity declined to $659.6 million, with net asset value per share at $13.11 compared with $13.76 at year‑end 2025.
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.
CION Investment Corporation announced that it will report financial results for the first quarter ended March 31, 2026 on Thursday, May 7, 2026, before U.S. markets open. Management will review the results on an earnings conference call at 11:00 a.m. Eastern Time that same day.
Investors can join by phone using domestic and international dial-in numbers or via a webcast, with a slide presentation available in the Investor Resources section of CION’s website. CION, a publicly listed business development company, reported approximately $1.9 billion in total assets as of December 31, 2025 and focuses primarily on senior secured loans to U.S. middle‑market companies.
CION Investment Corporation reported weaker fourth-quarter 2025 results and affirmed steady cash distributions. Total investment income fell to $53.8 million from $78.7 million in the prior quarter, while net investment income after taxes held at $18.3 million, or $0.35 per share.
Unrealized losses of $59.5 million, largely from equity marks, drove an earnings loss of $(0.80) per share and reduced net asset value per share to $13.76 from $14.86. The portfolio totaled $1.70 billion at fair value across 89 companies, with about 80.8% in senior secured first-lien loans and non-accruals at 1.78% of fair value.
Total debt outstanding was $1.14 billion, producing net debt-to-equity of 1.44x, while cash and short-term investments were $124 million with $100 million of additional financing capacity. The company paid a $0.36 per-share base distribution in Q4 2025 and has declared $0.10 per share monthly distributions for January through June 2026, totaling $0.30 for Q2 2026.
CION Investment Corporation, a Maryland-based business development company listed on the NYSE, has filed its annual report. The company’s securities include common stock and two series of 7.50% notes due 2029 and 2031.
As of June 30, 2025, the aggregate market value of voting common stock held by non-affiliates was approximately $497,804,458, based on a NYSE closing price of $9.57 per share. There were 50,496,524 common shares outstanding as of March 4, 2026. The report emphasizes extensive forward-looking statements and risk factors tied to economic conditions, interest rates, geopolitical events, technology change, and cybersecurity.
CĪON Investment Corporation reported that on February 24, 2026, Charlie Arestia resigned from his roles as Managing Director and Head of Investor Relations of both CĪON Investment Corporation and its adviser, CION Investment Management, LLC. The company states that he is leaving to pursue other career opportunities.
CION Investment Corporation entered into a Second Supplemental Indenture with U.S. Bank Trust Company to issue and sell $125.0 million of its 7.50% Notes due 2031. These unsecured notes pay interest quarterly starting March 30, 2026 and mature on March 31, 2031 unless earlier redeemed.
The notes rank equally with CION’s other unsecured unsubordinated debt, are subordinated to secured borrowings, and are structurally subordinated to subsidiary obligations. CION may redeem the notes, in whole or in part, at $25 per note plus accrued interest on or after March 31, 2028. The notes were issued in a registered public offering, and CION plans to use the net proceeds to pay down borrowings under its senior secured credit facilities.