secwatch.observer — SEC 8-K summary
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Issuer:     CION Investment Corp (CION)
CIK:        0001534254
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0001104659-24-087038
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1534254/000110465924087038/0001104659-24-087038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1534254/000110465924087038/tm2421021d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-087038

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