CION Q3 2023 NII $0.55/share, NAV rises 3.2% to $15.80; declares $0.34 quarterly distribution

CION Investment Corp

NII $0.55/share, EPS $0.87; out-earned $0.39 total distribution by 41%.
NAV per share $15.80 (+$0.49, +3.2% QoQ) on portfolio mark-to-market gains and out-earning distribution.
Portfolio $1.73B across 109 cos; 85.7% first lien; non-accruals at 1.0% of fair value (down from 1.7%).
Raised $33.1M in Series A Notes due 2026 (SOFR+3.82%) and $100M unsecured notes due 2027 (SOFR+4.75%).
Declared Q4 2023 regular distribution $0.34/share, payable Dec 15, record Dec 1.

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 0.9

CION Investment Corp reported third quarter ended September 30, 2023 results: net income $47,473, EPS $0.87.

Period: third quarter ended September 30, 2023
Net income: $47,473
EPS: $0.87
Result: reported results

Exact text from the filing

CION Investment Corporation (NYSE: CION) (“CION” or the “Company”) today reported financial results for the third quarter ended September 30, 2023

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CION Investment Corp updated its fourth quarter of 2023 guidance (initiated).

Period: fourth quarter of 2023
Guidance: initiated
Result: guidance update

Exact text from the filing

CION’s co-chief executive officers declared a regular quarterly cash distribution of $0.34 per share for the fourth quarter of 2023 payable on December 15, 2023 to shareholders of record as of December 1, 2023.

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CION Investment Corp filing history →

Source: SEC EDGAR

accession 0001104659-23-116022

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