---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-026777"
form_type: "8-K"
ticker: "CION"
cik: "0001534254"
company_name: "CION Investment Corp"
filed_at: "2026-03-12T23:59:59+00:00"
generated_at: "2026-05-15T13:17:24.422573+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CION posts Q4 net loss of $41.1M; NAV drops 7.4% to $13.76; declares $0.30 Q2 div

## Summary
- Q4 2025 net investment income $0.35/share; GAAP EPS $(0.80) from $59.5M unrealized losses on equity portfolio.
- NAV fell 7.4% from $14.86 to $13.76; portfolio $1.70B, 80.8% first-lien, non-accrual 1.78% at fair value.
- Repurchased 555,652 shares at $9.37 in Q4; total 5.54M shares at $10.02 for $55.5M through year-end.
- Raised $307.5M unsecured debt: $172.5M in Dec 2025 (7.70% & 7.41% notes) and $135M baby bond (7.50% due 2031).

## SEC filing metadata
- accession: 0001104659-26-026777
- form_type: 8-K
- ticker: CION
- cik: 0001534254
- company_name: CION Investment Corp
- filed_at: 2026-03-12T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1534254/000110465926026777/0001104659-26-026777-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1534254/000110465926026777/tm268466d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-026777
- JSON: https://secwatch.observer/filing/0001104659-26-026777.json
- Plain text: https://secwatch.observer/filing/0001104659-26-026777.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.