CION Q1 NII $0.60/share, raises quarterly dividend to $0.36 from $0.34

CION Investment Corp

NII per share $0.60, EPS $0.12; total investment income $73.6M vs $60.0M in Q4 2023.
NAV per share $16.05 vs $16.23 at Dec 31; portfolio fair value $1.74B across 109 companies.
Debt-to-equity 1.24x, net debt-to-equity 1.03x; non-accruals 0.86% of fair value, improved from 0.89%.
Q2 base dividend raised to $0.36/share (5.9% increase), payable June 17, record June 3.
Repurchased 424,031 shares at avg $11.01 for $4.7M in Q1; cumulative 3.2M shares for $31.6M.

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 the first quarter ended March 31, 2024 results: revenue $73.6 million, net income $ 6,445, EPS $0.12 per share.

Period: the first quarter ended March 31, 2024
Revenue: $73.6 million
Net income: $ 6,445
EPS: $0.12 per share
Result: reported results

Exact text from the filing

outstanding 53,960,698 54,292,065 Distributions declared per share $ 0.34 $ 0.54 Total investment income for the three months ended March 31, 2024 and December 31, 2023 was $73.6 million and $60.0 million, respectively. The increase in total investment income was primarily driven by additional investment income from origination and restructuring activities and

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Source: SEC EDGAR

accession 0001104659-24-059142

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