CION Q4 NII $0.43/share, NAV $15.98; raises distribution to $0.34, up 9.7%

CION Investment Corp

Q4 2022 net investment income of $23.9M ($0.43/share); GAAP EPS of $0.17.
NAV per share $15.98, down from $16.26 due to $0.27 special distribution and mark-to-market.
First quarter 2023 distribution increased 9.7% to $0.34 per share, payable Mar 31.
Completed $80.7M public offering of unsecured Series A Notes due 2026 at SOFR+3.82%.
Portfolio yield on debt at amortized cost rose to 12.36% from 10.76% in prior quarter.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

CION Investment Corp reported financial results for the fourth quarter and fiscal year ended December 31, 2022.

Period: the fourth quarter and fiscal year ended December 31, 2022
Result: reported results

Exact text from the filing

CION Investment Corporation (NYSE: CION) ("CION" or the "Company") today reported financial results for the fourth quarter and fiscal year ended December 31, 2022

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CION Investment Corp filing history →

Source: SEC EDGAR

accession 0001104659-23-033087

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