CION Q2 NII $0.43/shr, NAV $16.08; declares $0.36 Q3 distribution

CION Investment Corp

Net investment income of $0.43/shr; earnings per share $0.42; total investment income $61.4M (down from $73.6M in Q1 due to one-time prior-quarter fees).
NAV per share $16.08, up $0.03 from Q1; net debt-to-equity ratio 1.13x.
Declared Q3 2024 base distribution of $0.36/share, payable Sept 17 to holders of record Sept 3.
Funded $148M in new commitments; net portfolio increase of $70M; non-accrual at 1.36% of fair value (up from 0.86% in Q1).
Amended $675M JPM credit facility: credit spread reduced to SOFR+2.55%, reinvestment extended to June 2026, maturity to June 2027.

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