CION Q3 earnings: NII $0.45/sh, EPS $0.60; NAV rises to $16.26; declares $0.31/sh Q4 distribution

CION Investment Corp

Net investment income $0.45/sh, EPS $0.60; NAV per share $16.26 vs $15.89 at June 30, up $0.37.
Total investment income $54.2M, up from $43.6M QoQ; portfolio $1.797B in 119 cos, 89.8% first lien.
Q4 regular distribution $0.31/sh, payable Dec 8 to holders of record Dec 1; intends special year-end distribution.
Share repurchases: 695,476 shares at avg $9.65, totaling $6.7M; non-accruals 0.4% at fair value.
Debt-to-equity 1.05x; renewed administration agreement with CION Investment Management for 12 months.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CION Investment Corp reported the third quarter ended September 30, 2022 results: revenue $ 54,163, net income $ 25,557, EPS $0.60 per share.

Period: the third quarter ended September 30, 2022
Revenue: $ 54,163
Net income: $ 25,557
EPS: $0.60 per share
Result: reported results

Exact text from the filing

share $ 16.26 $ 15.89 Debt-to-equity 1.05 x 1.05 x Three Months Ended (in thousands, except share and per share data) September 30, 2022 June 30, 2022 Total investment income $ 54,163 $ 43,552 Total operating expenses and income tax expense $ 28,606 $ 24,264 Net investment income after taxes $ 25,557 $ 19,288 Net realized (losses) gains $ (17,169 ) $ 180 Net

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Source: SEC EDGAR

accession 0001104659-22-116834

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