secwatch.observer — SEC 8-K summary
======================================

Issuer:     CION Investment Corp (CION)
CIK:        0001534254
Form:       8-K
Filed at:   2026-03-12T23:59:59+00:00
Accession:  0001104659-26-026777
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1534254/000110465926026777/0001104659-26-026777-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1534254/000110465926026777/tm268466d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-026777

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer