December 19, 2019
CION Declares First Quarter 2020 Distributions
On December 18, 2019, CION Investment Corporation (“CION”) declared regular weekly cash distributions for January 2020 through...

CION Declares First Quarter 2020 Distributions

December 19, 2019 | Luke Schmidt | Blue Vault

On December 18, 2019, CION Investment Corporation (“CION”) declared regular weekly cash distributions for January 2020 through March 2020.  The regular weekly cash distributions of $0.014067 per share will be paid monthly to shareholders of record.  This weekly cash distribution rate equates to an annual distribution rate of 7.78% based on their last public offering price of $9.40.  Based on their published NAV per share of $8.34 as of September 30, 2019, the annual distribution rate equals 8.77%.

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.  During its public offering, CION raised cumulative proceeds of approximately $1.3 billion.  As of September 30, 2019, the Company reported total assets of approximately $1.8 billion.

Source:  SEC, Blue Vault

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