secwatch.observer — SEC 8-K summary
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Issuer:     CION Investment Corp (CION)
CIK:        0001534254
Form:       8-K
Filed at:   2023-05-10T23:59:59+00:00
Accession:  0001104659-23-058039
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 5.05, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CION Q1 2023 NII $0.54/share, EPS -$0.56; NAV down to $15.11; non-accruals jump to 6.8%
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- Net investment income $0.54 per share (up from $0.43 in Q4 2022); net loss $(0.56) per share.
- Net asset value per share fell to $15.11 from $15.98, driven by underperformance of certain investments.
- Non-accrual investments rose to 6.8% of portfolio at amortized cost (from 2.0% in Q4 2022).
- Declared Q2 2023 distribution of $0.34 per share, payable June 15, 2023.
- Completed $80.7M unsecured Series A Notes offering in Israel due 2026 at SOFR+3.82%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1534254/000110465923058039/0001104659-23-058039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1534254/000110465923058039/tm2315003d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-058039

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