CION Investment Corporation Determines Net Asset Value at $8.22 Per Share
December 30, 2019
On December 26, 2019, CION Investment Corporation determined that the estimated net asset value of its common stock as of December 26, 2019, was $8.22 per share. As of September 30, 2019, the net asset value per share was $8.34. The weekly distribution rate that is paid monthly to shareholders of record is at that rate of $0.014067. The payment date for January 2020 distributions is January 29, 2020. The current distribution rate based on NAV is 8.90%.
About CION Investment Corporation
CION is a middle-market loan fund that is structured as a publicly registered, non-traded business development company. CION offers individual investors the opportunity to invest primarily in the senior-secured debt of private U.S. middle-market companies. CION leverages the experience of its adviser – CION Investment Management, LLC, a CION Investments company – to meet its investment objective of generating current income and, to a lesser extent, long-term capital appreciation for its investors. For more information, please visit www.cioninvestments.com.
Sources: SEC, CION Investment Corporation
