CION reports Q4 NII per share $0.40, NAV $16.23; declares $0.34 Q1 distribution

CION Investment Corp

Q4 2023 NII per share $0.40 (vs $0.55 Q3); total investment income $60M, down from $67.5M.
NAV per share rose $0.43 to $16.23 (+2.7% QoQ); non-accruals improved to 0.9% of fair value.
Q1 2024 base distribution of $0.34/share declared; payable Mar 28 to holders of record Mar 22.
Appointed Charlie Arestia as Managing Director and Head of Investor Relations, effective Mar 12.
Full year 2023: NII per share $1.92, earnings per share $1.74, total investment income $251M.

item 2.02 item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

Charlie Arestia

Managing Director and Head of Investor Relations

CION · CION Investment Corp

Effective: 2024-03-12
Filed: March 14, 2024, 7:59 PM ET

On March 12, 2024, Charlie Arestia, 38, was appointed as Managing Director and Head of Investor Relations of CION, effective immediately.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CION Investment Corp reported the fourth quarter and year ended December 31, 2023 results: revenue Total investment income for the three months ended December 31, 2023 and September 30, 2023 was $60.0 million and $67.5, net income Net increase in net assets resulting from operations $ 50,992.

Period: the fourth quarter and year ended December 31, 2023
Revenue: Total investment income for the three months ended December 31, 2023 and September 30, 2023 was $60.0 million and $67.5
Net income: Net increase in net assets resulting from operations $ 50,992
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 year ended December 31, 2023

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Executive change SEC 8-K Item 5.02 confidence 0.95

Charlie Arestia was appointed as Managing Director and Head of Investor Relations at CION Investment Corp.

Action: appointed
Role: Managing Director and Head of Investor Relations

Exact text from the filing

On March 12, 2024, Charlie Arestia, 38, was appointed as Managing Director and Head of Investor Relations of CION, effective immediately.

View on SEC.gov

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CION Investment Corp filing history →

Source: SEC EDGAR

accession 0001104659-24-034275

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