CION INVESTMENT CORPORATION (NYSE:CION)

Highly Selective Private Credit Investing

DISTRIBUTION YIELD*
14.04%
CLOSING MARKET PRICE ON NYSE
$11.75

*Distribution yield is calculated as trailing twelve-month distributions paid as of November 29, 2024, divided by the closing market share price as of November 29, 2024. There is no guarantee distributions will continue at the current level, if at all.

Who we are

Chrysler Building

CION Investment Corporation (NYSE: CION) is a publicly-listed business development company that primarily provides senior secured loans to U.S. middle-market companies.

CION has been focused on private credit since 2012. We believe our track record demonstrates strong performance and consistent income and our ability to be highly selective has resulted in a history of downside protection.

CION is externally managed by its registered investment adviser and affiliate, CION Investment Management, LLC (CIM). CIM is an affiliate of CION Investments, a vertically integrated alternative investment manager and retail distribution platform focused on designing, offering, and managing alternative investment solutions for today’s investor.

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A Portfolio Built for
Income Investors

Portfolio Highlights (as of June 30, 2024)*
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$2.0 bn
Total Assets*
107
Portfolio Companies
85.1%
Senior Secured
81.1%
Floating Rate

*The information presented summarizes certain CION holdings as of the date indicated herein. This summary does not provide a complete portfolio overview but just a sampling of holdings. Please refer to CION’s Quarterly Report on Form 10-Q or Annual Report on Form 10-K, as relevant, for further details on the summarized information. There can be no assurance that CION’s future capital will be invested in a manner similar to the investments described herein. Percentages represent approximate figures. Past performance does not guarantee future results, which may vary. Data excludes short term investments, which represent an investment in a fund that invests in highly liquid investments with average original maturity dates of three months or less. Information is based on the relative fair value of the underlying portfolio holdings.
**Represents “Total assets” presented in the consolidated balance sheets within CION’s Annual Reports on Form 10-K or Quarterly Reports on Form 10-Q, as applicable, available on www.sec.gov.

Orange Building Girders

A Track Record of Performance*

INCEPTION YEAR
2012
TOTAL INVESTMENTS MADE
$8+ bn
ADVISOR YEARS OF EXPERIENCE
20+
ANNUALIZED LOSS RATE SINCE INCEPTION**
0.015%

* All information is as of June 30, 2024, unless otherwise noted. Past performance does not guarantee future results, which may vary.
** The loss rate is calculated by CION based on operations since December 2012 (inception) as the aggregate investment cost at write-off, less (i) any economic benefit realized during the loan (interest and fees) and (ii) any economic recovery, divided by the total invested capital. This rate is presented on an annualized basis and, with rounding, is approximately zero percent since CION’s inception. Also, this rate is presented to demonstrate CION’s investment portfolio characteristics and does not reflect the investment performance experienced by a CION investor.

CIM Differentiators

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CIM is an experienced asset manager whose only focus is on middle-market investing.
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CIM has 12 years of experience in the U.S. direct lending market, with its principals averaging over 30 years of experience.
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Strong relationships and core partnerships in the credit, private equity, and asset management space provide unique access to deal flow.
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We believe that CIM’s rigorous investment process and target deal size allows CION to be highly selective and close deals with favorable terms.

What do we invest in?

We invest primarily in senior secured debt, including first lien loans. To a lesser extent, we may also invest in second lien loans and unitranche loans, collateralized securities and structured products, unsecured debt, and equity of US middle-market companies.

What is our targeted investment size?

We target US middle-market companies with annual EBITDA of $20-$75 million and investments with an average targeted hold of approximately $30 million.

How do our portfolio companies use our investment proceeds?

Our portfolio companies generally use the proceeds of our investments for growth capital, market/product expansion, recapitalizations, acquisitions/leveraged buyouts, and refinancings.

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Leverage

Notice Pursuant to Section 61(a)(2) On December 30, 2021, CION Investment Corporation (the “Company”) held its special meeting of shareholders, at which the shareholders of the Company approved the application of the reduced asset coverage requirements set forth in Section 61(a)(2) of the Investment Company Act of 1940, as amended by the Small Business Credit Availability Act, to the Company. Commencing on December 31, 2021, the Company is required to maintain asset coverage for its senior securities of 150% (i.e., $2 of debt outstanding for each $1 of equity) rather than 200% (i.e., $1 of debt outstanding for each $1 of equity), which would permit the Company to increase the maximum amount of leverage that it is permitted to incur.

Contact Us

Media

100 Park Avenue, 25th Floor
New York, NY 10017
Phone: 212.418.4700
Fax: 212.418.4739
Email: general@cioninvestments.com

Registered Account Related Questions

Toll Free: 800.343.3736 / 888.729.4266
Hours: Monday – Friday, 8:30AM – 6:00PM ET

Investor Relations

Charlie Arestia
CION
(646)-253-8259
carestia@cioninvestments.com