CION Investment Corporation announces special distribution of $ 0.20 per share for fiscal 2021


CION Investment Corporation (NYSE: CION) (“CION” or the “Company”) today announced that on December 6, 2021, the special cash distribution previously announced by the Company for the year ending December 31, 2021 is estimated at approximately $ 0.14 to $ 0.20 per share was approved in the amount of $ 0.20 per share, payable on December 23, 2021 to shareholders of record on December 16, 2021. The special distribution represents a portion of the taxable income of the Company’s investment company generated during the financial year.

“We are delighted to declare this special distribution for 2021 at the top of our previously announced estimated range, which was driven by the strong performance of our portfolio throughout the year,” said Mark Gatto, co-managing director of CION.

“Our goal is to continue to generate consistent financial performance as we seek to provide attractive and growing distributions to shareholders. In addition to this special distribution, we previously announced a regular quarterly cash distribution of $ 0.28 per share for the first quarter of 2022, which represents an increase of $ 0.02 per share compared to the regular distribution of fourth quarter 2021, ”added Michael A. Reisner, co. -Director General of CION.

ABOUT CION INVESTMENT CORPORATION

CION Investment Corporation is one of the leading publicly traded business development companies with approximately $ 1.8 billion in assets as of September 30, 2021. CION seeks to generate current income and, to a lesser extent, market appreciation. capital for investors focusing primarily on senior secured loans to US mid-market companies. CION is advised by CION Investment Management, LLC, a registered investment adviser and a subsidiary of CION. For more information, please visit www.cionbdc.com.

FORWARD-LOOKING STATEMENTS

This press release may contain forward-looking statements that involve substantial risks and uncertainties. You can identify these statements by using forward-looking terminology such as “may”, “will”, “should”, “expect”, “anticipate”, “plan”, “target”, “estimate”, “have”. ‘intention, “to continue” or “to believe” or the negative aspects of these or other variations or comparable terminology. You should carefully read any statements containing these words, as they deal with CION’s plans, strategies, outlook and expectations regarding its business, results of operations, financial condition and other similar matters. These statements represent CION’s belief regarding future events which by their nature are uncertain and beyond CION’s control. There will likely be events in the future, however, that CION is unable to accurately predict or control. Any forward-looking statement made by CION in this press release speaks only as of the date on which it is made. Factors or events that may cause CION’s actual results to differ, perhaps materially from its expectations, include, without limitation, the risks, uncertainties and other factors identified by CION in the sections entitled “Risk Factors” and “Forward-looking statements” in documents filed by CION with the SEC, and it is not possible for CION to predict or identify all of them. CION assumes no obligation to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

OTHER INFORMATION

The information in this press release are summaries only and should be read in conjunction with CION’s current report on Form 8-K, which CION filed with the SEC on December 7, 2021, as well as other CION reports. filed with the SEC. A copy of the current CION report on Form 8-K and other CION reports filed with the SEC are available on the CION website at www.cionbdc.com and on the SEC website at ‘address www.sec.gov.

END NOTES

All per share amounts in this press release reflect the Company’s stock split, which took effect on September 21, 2021.


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