Introducing

CION

Investment Corporation

CION Investment Corporation (NYSE: CION) is an externally managed, closed-end investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended. CION is a publicly-listed business development company that primarily provides senior secured loans to U.S. middle-market companies.

Our Investment Advisor

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

CIM’s Differentiators

Bullseye Icon

CIM is a different breed and has unique capabilities that enable us to operate with optimal scale and precision.

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A track record of success in US direct lending

Relationships Icon

Strong relationships and core partnerships in the credit and asset management space provide unique access to deal flow

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Focused investment strategy anchored by a highly selective investment process

Our Investment Strategy

Primary Investment Type


Senior Secured Loans

First Lien, Second Lien, Unitranche


Equity Co-Invest

Targeted Investment Size


EBITDA

$25 – $75 million


Transaction Size

Average targeted hold of $25 million

Use of Proceeds

  • Growth Capital
  • Acquisitions / Leveraged buyouts
  • Market or product expansion
  • Refinancings
  • Recapitalizations

Our Portfolio

Portfolio Highlights (as of June 30, 2021)*

$1.8 bn

Total Assets

132

Portfolio Companies

92.5%

Senior Secured

87.5%

Floating Rate

Portfolio Composition (as of June 30, 2021)

Investment Composition1,2
First Lien Senior Secured Debt
84.0%
Second Lien Senior Secured Debt
8.5%
Equity
6.4%
Collateralized Securities & Structured Products – Equity
0.8%
Unsecured Debt
0.3%
Floating / Fixed Rate Breakdown1
Floating Rate Investments
87.5%
Fixed Rate Investments
6.6%
Non - Income Producing Equity
3.9%
Other Income Producing Investments
2.0%
Allocation by Industry1,2
Healthcare & Pharmaceuticals
16.9%
Services: Business
16.0%
Media: Diversified & Production
7.6%
Chemicals, Plastics & Rubber
7.4%
Services: Consumer
6.7%
Media: Advertising, Printing & Publishing
6.4%
High Tech Industries
4.4%
Beverage, Food & Tobacco
3.9%
Capital Equipment
3.8%
Banking, Finance, Insurance & Real Estate
3.2%
Other Industries
23.7%

Representative Holdings (as of June 30, 2021) 1,2

Company Industry Investment Type
Cadence Aerospace, LLC Aerospace & Defense First Lien
Foundation Consumer Healthcare, LLC Healthcare & Pharmaceuticals First Lien
Optio Rx, LLC Healthcare & Pharmaceuticals First Lien
Tenere Inc. Capital Equipment First Lien & Equity
Access CIG, LLC Services: Business Second Lien
GEO Parent Corp. Business Services First Lien
Smart & Final, Inc. Retail First Lien
Labvantage Solutions, Inc. / Labvantage Solutions, Ltd. High Tech Industries First Lien

Please refer to CIC’s Quarterly Report on Form 10-Q or Annual Report on Form 10-K, as relevant, for further details on the preceding summarized information.

The preceding information summarizes certain CIC holdings as of the date indicated herein. These representative holdings do not provide a complete portfolio overview but just a sampling of holdings. There can be no assurance that CIC’s future capital will be invested in a manner similar to the investments described herein.

1 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. Percentages represent approximate figures.

2 Information is based on the relative fair value of the underlying portfolio holdings.

Investor Resources

Press Releases

Date / Time Title PDF Link
October 21, 2021 at 8:00 am CION Investment Corporation Schedules Third Quarter 2021 Earnings Release and Conference Call Download
October 6, 2021 at 5:28 am CION Investment Corporation Announces Listing on the New York Stock Exchange; Begins Trading Under Ticker ‘CION’ Download
October 1, 2021 at 8:00 am CION Investment Corporation to Ring Closing Bell at the New York Stock Exchange to Commemorate Its Listing Download
September 22, 2021 at 8:00 am CION Investment Corporation Prepares to List on the New York Stock Exchange on or Around October 5, 2021 Download
September 16, 2021 at 8:00 am CION Investment Corporation Declares Q4 2021 Regular Distribution and Full Year 2021 Special Distribution, Announces 2-to-1 Reverse Stock Split, and Share Repurchase Policy Download
September 8, 2021 at 8:00 am CION Investment Corporation Announces Shareholder Approval of Listing-Related Proposals and Further Detail on Proposed Listing Download

Events and Presentations

Latest Events and Presentations

Date / Time Title View
September 30, 2021 at 8:00 am CION Investment Corporation (CION) | September 2021 Download

SEC Filings

Filing Date Type Description Fund View
Oct 21, 2021 8-K Report of unscheduled material events or corporate event CION INVESTMENT CORP View PDF
Oct 5, 2021 8-K Report of unscheduled material events or corporate event CION INVESTMENT CORP View PDF
Oct 1, 2021 8-K Report of unscheduled material events or corporate event CION INVESTMENT CORP View PDF
Sep 30, 2021 8-A12B Registration of certain classes of securities 12(b) of the Securities Exchange Act CION INVESTMENT CORP View PDF
Sep 24, 2021 PRE 14A A preliminary proxy statement providing notification matters to be brought to a vote CION INVESTMENT CORP View PDF
Sep 24, 2021 8-K Report of unscheduled material events or corporate event CION INVESTMENT CORP View PDF
Sep 22, 2021 8-K Report of unscheduled material events or corporate event CION INVESTMENT CORP View PDF
Sep 16, 2021 8-K Report of unscheduled material events or corporate event CION INVESTMENT CORP View PDF
Sep 8, 2021 8-K Report of unscheduled material events or corporate event CION INVESTMENT CORP View PDF
Aug 20, 2021 3 Initial filing by director officer or owner of more than ten percent. CION INVESTMENT CORP View PDF
Aug 20, 2021 8-K Report of unscheduled material events or corporate event CION INVESTMENT CORP View PDF
Aug 19, 2021 3 Initial filing by director officer or owner of more than ten percent. CION INVESTMENT CORP View PDF
Aug 17, 2021 8-K Report of unscheduled material events or corporate event CION INVESTMENT CORP View PDF
Aug 13, 2021 10-Q Quarterly report which provides a continuing view of a company's financial position CION INVESTMENT CORP View PDF
Aug 13, 2021 8-K Report of unscheduled material events or corporate event CION INVESTMENT CORP View PDF
Aug 11, 2021 DEFA14A Additional proxy soliciting materials - definitive CION INVESTMENT CORP View PDF
Aug 11, 2021 8-K Report of unscheduled material events or corporate event CION INVESTMENT CORP View PDF
Aug 4, 2021 40-17G 40-17G CION INVESTMENT CORP View PDF
Jul 30, 2021 8-K Report of unscheduled material events or corporate event CION INVESTMENT CORP View PDF
Jul 16, 2021 8-K Report of unscheduled material events or corporate event CION INVESTMENT CORP View PDF
Jul 9, 2021 DEFA14A Additional proxy soliciting materials - definitive CION INVESTMENT CORP View PDF
Jul 9, 2021 8-K Report of unscheduled material events or corporate event CION INVESTMENT CORP View PDF
Jun 28, 2021 8-K Report of unscheduled material events or corporate event CION INVESTMENT CORP View PDF
Jun 25, 2021 SC TO-I/A Amendment to a previously filed SC TO-I CION INVESTMENT CORP View PDF
Jun 21, 2021 DEFA14A Additional proxy soliciting materials - definitive CION INVESTMENT CORP View PDF
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Stock Information

Detailed Quote

Stock Chart

Tax Information

Title Document
Q2 2021 Distribution Notice Download PDF
Form 8937 – Reverse Stock Split Download PDF

Shareholders are urged to consult their own tax advisor to determine the particular tax consequences to them with respect to transacting in shares of CIC’s common stock.

Governance

Title Document
Code of Business Conduct Download PDF
CION Investment Corporation Audit Committee Charter Download PDF
CION Investment Corporation Nominating & Corporate Governance Committee Charter Download PDF
CION Investment Corporation Compensation Committee Charter Download PDF
CION Corporate Governance Guidelines Download PDF

Distributions

Distributions paid in the periods listed below occurred prior to CION’s Listing and prior to the 2:1 Reverse Stock Split:

Declared Date Type of Distribution Record Date Payment Date Distribution Amount Per Share
08/16/2021 Regular 09/13/2021 09/14/2021 $0.04413
07/15/2021 Regular 08/31/2021 09/01/2021 $0.04413
06/15/2021 Regular 07/27/2021 07/28/2021 $0.04413
05/17/2021 Regular 06/29/2021 06/30/2021 $0.04413
04/15/2021 Regular 05/25/2021 05/26/2021 $0.04413
03/16/2021 Regular 04/27/2021 04/28/2021 $0.04413
02/16/2021 Regular 03/23/2021 03/24/2021 $0.04413
01/15/2021 Regular 02/23/2021 02/24/2021 $0.04413
12/17/2020 Regular 01/26/2021 01/27/2021 $0.04413
Total Distribution Amount for 2021: $0.3972
Declared Date Type of Distribution Record Date Payment Date Distribution Amount Per Share
12/17/2020 Special 12/21/2020 12/22/2020 $0.15180
11/17/2020 Regular 12/28/2020 12/29/2020 $0.04413
10/16/2020 Regular 11/24/2020 11/25/2020 $0.04413
09/16/2020 Regular 10/27/2020 10/28/2020 $0.04413
08/18/2020 Regular 09/25/2020 09/28/2020 $0.04413
07/15/2020 Regular 08/25/2020 08/26/2020 $0.04413
12/18/2019 Regular 01/07/2020 01/29/2020 $0.01407
12/18/2019 Regular 01/14/2020 01/29/2020 $0.01407
12/18/2019 Regular 01/21/2020 01/29/2020 $0.01407
12/18/2019 Regular 01/28/2020 01/29/2020 $0.01407
12/18/2019 Regular 02/04/2020 02/26/2020 $0.01407
12/18/2019 Regular 02/11/2020 02/26/2020 $0.01407
12/18/2019 Regular 02/18/2020 02/26/2020 $0.01407
12/18/2019 Regular 02/25/2020 02/26/2020 $0.01407
12/18/2019 Regular 03/03/2020 03/27/2020 $0.01407
12/18/2019 Regular 03/10/2020 03/27/2020 $0.01407
12/18/2019 Regular 03/17/2020 03/27/2020 $0.01407
12/18/2019 Regular 03/24/2020 03/27/2020 $0.01407
12/18/2019 Regular 03/26/2020 03/27/2020 $0.01407
Total Distribution Amount for 2020: $0.5554
Declared Date Type of Distribution Record Date Payment Date Distribution Amount Per Share
09/26/2019 Regular 10/01/2019 10/30/2019 $0.01407
09/26/2019 Regular 10/08/2019 10/30/2019 $0.01407
09/26/2019 Regular 10/15/2019 10/30/2019 $0.01407
09/26/2019 Regular 10/22/2019 10/30/2019 $0.01407
09/26/2019 Regular 10/29/2019 10/30/2019 $0.01407
09/26/2019 Regular 11/05/2019 11/27/2019 $0.01407
09/26/2019 Regular 11/12/2019 11/27/2019 $0.01407
09/26/2019 Regular 11/19/2019 11/27/2019 $0.01407
09/26/2019 Regular 11/26/2019 11/27/2019 $0.01407
09/26/2019 Regular 12/03/2019 12/27/2019 $0.01407
09/26/2019 Regular 12/10/2019 12/27/2019 $0.01407
09/26/2019 Regular 12/17/2019 12/27/2019 $0.01407
09/26/2019 Regular 12/24/2019 12/27/2019 $0.01407
09/26/2019 Regular 12/26/2019 12/27/2019 $0.01407
06/25/2019 Regular 07/02/2019 07/31/2019 $0.01407
06/25/2019 Regular 07/09/2019 07/31/2019 $0.01407
06/25/2019 Regular 07/16/2019 07/31/2019 $0.01407
06/25/2019 Regular 07/23/2019 07/31/2019 $0.01407
06/25/2019 Regular 07/30/2019 07/31/2019 $0.01407
06/25/2019 Regular 08/06/2019 08/28/2019 $0.01407
06/25/2019 Regular 08/13/2019 08/28/2019 $0.01407
06/25/2019 Regular 08/20/2019 08/28/2019 $0.01407
06/25/2019 Regular 08/27/2019 08/28/2019 $0.01407
06/25/2019 Regular 09/03/2019 09/25/2019 $0.01407
06/25/2019 Regular 09/10/2019 09/25/2019 $0.01407
06/25/2019 Regular 09/17/2019 09/25/2019 $0.01407
06/25/2019 Regular 09/24/2019 09/25/2019 $0.01407
03/25/2019 Regular 04/02/2019 05/01/2019 $0.01407
03/25/2019 Regular 04/09/2019 05/01/2019 $0.01407
03/25/2019 Regular 04/16/2019 05/01/2019 $0.01407
03/25/2019 Regular 04/23/2019 05/01/2019 $0.01407
03/25/2019 Regular 04/30/2019 05/01/2019 $0.01407
03/25/2019 Regular 05/07/2019 05/26/2019 $0.01407
03/25/2019 Regular 05/14/2019 05/29/2019 $0.01407
03/25/2019 Regular 05/21/2019 05/29/2019 $0.01407
03/25/2019 Regular 05/28/2019 05/29/2019 $0.01407
03/25/2019 Regular 06/04/2019 06/26/2019 $0.01407
03/25/2019 Regular 06/11/2019 06/26/2019 $0.01407
03/25/2019 Regular 06/18/2019 06/26/2019 $0.01407
03/25/2019 Regular 06/25/2019 06/26/2019 $0.01407
12/24/2018 Regular 01/01/2019 01/30/2019 $0.01407
12/24/2018 Regular 01/08/2019 01/30/2019 $0.01407
12/24/2018 Regular 01/15/2019 01/30/2019 $0.01407
12/24/2018 Regular 01/22/2019 01/30/2019 $0.01407
12/24/2018 Regular 01/29/2019 01/30/2019 $0.01407
12/24/2018 Regular 02/12/2019 02/27/2019 $0.01407
12/24/2018 Regular 02/19/2019 02/27/2019 $0.01407
12/24/2018 Regular 02/26/2019 02/27/2019 $0.01407
12/24/2018 Regular 03/05/2019 03/27/2019 $0.01407
12/24/2018 Regular 03/12/2019 03/27/2019 $0.01407
12/24/2018 Regular 03/19/2019 03/27/2019 $0.01407
12/24/2018 Regular 03/26/2019 03/27/2019 $0.01407
01/24/2018 Regular 02/05/2019 02/27/2019 $0.01407
Total Distribution Amount for 2019: $0.7456

The determination of the tax attributes of CIC’s distributions is made annually as of the end of CIC’s fiscal year based upon its taxable income and distributions paid, in each case, for the full year. Therefore, a determination as to the tax attributes of the distributions made on a quarterly basis may not be representative of the actual tax attributes for a full year. CIC intends to update shareholders quarterly with an estimated percentage of its distributions that resulted from taxable ordinary income. The actual tax characteristics of distributions to shareholders will be reported to shareholders annually on a Form 1099-DIV. The payment of future distributions on CIC’s common stock is subject to the discretion of the Board and applicable legal restrictions, and therefore, there can be no assurance as to the amount or timing of any such future distributions.

CIC may fund its cash distributions to shareholders from any sources of funds available to it, including borrowings, net investment income from operations, capital gains proceeds from the sale of assets, non-capital gains proceeds from the sale of assets, dividends or other distributions paid to it on account of preferred and common equity investments in portfolio companies and expense support from CION Investment Management, LLC (CIM), which is subject to recoupment. The purpose of this arrangement is to avoid such distributions being characterized as a return of capital. Shareholders should understand that any distributions funded by expense support from CIM are not based on CIC’s investment performance, and any such distributions can only be sustained if CIC maintains positive investment performance in future periods and/or CIM continues to provide such expense support. Shareholders should also understand that CIC’s future repayments of expense support will reduce the distributions that they would otherwise receive. There can be no assurance that CIC will be able to pay distributions at all. CIM has no obligation to provide expense support to CIC in future periods. To date, distributions have not been paid from offering proceeds and distributions have not included a return of capital. CIC has not established limits on the amount of funds it may use from available sources to make distributions.

Email Notifications

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Investor Account Forms

Title Document
Transfer and Assignment of Shares Download PDF
Custodian Change Form Download PDF
Transfer on Death Beneficiary Agreement Download PDF
Investor Change Form Download PDF
Liquidation Form Download PDF

FAQs

CION Investment Corporation (“CION”) is a leading publicly listed business development company, or BDC, that focuses primarily on investments in senior secured loans to private and thinly traded U.S. middle market companies.

CION is managed by CION Investment Management, LLC (“CIM”), a registered investment adviser and an affiliate of CION. CIM oversees the management of CION’s activities and is responsible for making investment decisions for CION’s investment portfolio.

CION’s investment objective is to generate current income and, to a lesser extent, capital appreciation for investors. CION seeks to meet its investment objective by utilizing the experienced management team of CIM, which includes its access to the relationships and human capital of its affiliates in sourcing, evaluating and structuring transactions, as well as monitoring and servicing CION’s investments.

CION’s portfolio is comprised primarily of investments in senior secured debt, including first lien loans, second lien loans and unitranche loans, and, to a lesser extent, collateralized securities, structured products and other similar securities, unsecured debt, and equity, of private and thinly traded U.S. middle-market companies.

CION’s quarterly net asset value per share may be obtained in its public periodic filings (i.e., Forms 10-Q and 10-K) with the Securities and Exchange Commission via its website www.sec.gov or by visiting our SEC Filings tab.

CION’s shares of common stock are listed and traded on the New York Stock Exchange (the “NYSE”) under the symbol CION.  For more detailed information, please visit our Stock Information tab.

CION ’s shares of common stock began trading on the NYSE on October 5, 2021.

No. Generally, investors may purchase CION’s shares of common stock only through a broker.

CION’s CUSIP number for its shares of common stock is 17259U 204.

CION’s transfer agent, distribution paying agent, registrar and distribution reinvestment plan administrator is DST Asset Management Solutions, Inc.

Yes. In order to continue to be treated as a regulated investment company under the Internal Revenue Code of 1986, CION intends to distribute at least 90% of its taxable income to its shareholders. As a result, CION intends to declare and pay regular distributions to shareholders on a quarterly basis. Please note that distributions may not continue to be paid at the current level, if at all. Distributions in respect of future quarters will be evaluated by management and the board of directors based on circumstances and expectations existing at the time of consideration. To view historical distributions paid to shareholders by CION, please visit the Distributions tab.

Yes. All shareholders are automatically enrolled in the distribution reinvestment plan and will receive distributions declared by CION in additional shares of CION’s common stock unless such shareholder affirmatively elects to receive an entire distribution in cash by notifying (i) such shareholder’s financial adviser; or (ii) if such shareholder has a registered account maintained at CIC’s transfer agent, the plan administrator in writing at DST Asset Management Solutions, Inc., P.O. Box 219476, Kansas City, MO 64121-9476, in either case by no later than the record date for such distribution to shareholders.

View the Distribution Reinvestment Plan.

You are a registered shareholder if you hold shares of CION’s common stock registered in your name and such shares are held in book-entry form with CION’s transfer agent, DST Systems Inc.

Distributions are generally taxable to shareholders in the year in which they are declared by CION. CION intends to update shareholders quarterly with an estimated percentage of its distributions that resulted from taxable ordinary income. Following the end of each year, CION provides a Form 1099-DIV and a tax status letter to shareholders that describe the taxability of the distributions paid in the preceding year, including a breakdown between ordinary income and capital gains. Participants in CION’s distribution reinvestment plan are taxed on the distributions as if they had received cash. For information on the tax status of the prior year’s distributions, please visit our Tax Information tab. For information about taxes in respect of distributions received by you, please consult your own tax advisor.

Please visit our Email Notification tab to sign up for email alerts from CION.

For investor-related or other queries, please contact:

Jeehae Linford

The Equity Group

jlinford@equityny.com

212-836-9615

Our Executive Management Team

Mark Gatto

Mark Gatto

Co-Founder, Co-CEO of CION Investments/Investment Committee Member

Michael A. Reisner

Michael A. Reisner

Co-Founder, Co-CEO of CION Investments/Investment Committee Member

Gregg Bresner

Gregg Bresner

President & Chief Investment Officer of CION Investment Management

Keith Franz

Keith Franz

Managing Director, Chief Financial Officer of CION Investment Management

Our Management Team

Geoff Manna

Geoff Manna

Senior Managing Director

Aditi Budhia

Aditi Budhia

Senior Vice President

Joe Elsabee

Joe Elsabee

Managing Director

Eric Pinero

Eric Pinero

Senior Director, Securities Counsel

Stephen Roman

Stephen Roman

Chief Compliance Officer, Counsel

Team Member placeholder

Nicholas Tzoumas

Director

Board of Directors

Mark Gatto

Co-Founder, Co-CEO of CION Investments/Investment Committee Member

Michael A. Reisner

Co-Founder, Co-CEO of CION Investments/Investment Committee Member

Robert A. Breakstone

President & CEO of Landmark International Group, Inc.

Peter I. Finlay

Founder & Managing Principal of Ardentis LLC

Aron I. Schwartz

Managing Director of ACON Investments

Earl V. Hedin

Co-founder & Managing Partner of Hudson Partners Group LLC

Catherine K. Choi

President of BULBRITE Industries

Edward J. Estrada

Partner (Global Financial Industry Group) of Reed Smith, LLP

Contact Us

Corporate Headquarters

Media

3 Park Avenue, 36th Floor
New York, NY 10016
Phone: 212.418.4700
Fax: 212.418.4739
Email: general@cioninvestments.com

Analysts and Institutional Investors

Jeehae Linford
The Equity Group
212-836-9615
jlinford@equityny.com

Investor Relations

CION’s investor relations department is a client-focused, knowledgeable team of professionals that is able to provide information and assistance for any individual account related question.
Toll Free: 800.343.3736 / 888.729.4266
Fax: 781.380.8788
Hours: Monday – Friday, 8:30AM – 6:00PM ET

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