CION Investment Corporation Announces Year-End Special Distribution of $0.05 Per Share
23 Décembre 2024 - 2:00PM
Business Wire
Distributions Declared in 2024 Total $1.52
Per Share
CION Investment Corporation (NYSE: CION) (“CION”) today
announced that it has declared a special distribution for the year
ending December 31, 2024 in the amount of $0.05 per share, payable
on January 27, 2025 to shareholders of record as of December 30,
2024, which results in total distributions declared in 2024 of
$1.52 per share. The special distribution represents a portion of
the Company’s investment company taxable income generated through
the course of the year.
Michael A. Reisner, co-CEO of CION stated, “We are pleased to
announce a year-end special dividend for 2024, driven by the
consistent income generation of our portfolio. Looking ahead, we
believe our first-lien focus, flexible balance sheet, and
disciplined capital deployment positions CION well for attractive
risk-adjusted returns for shareholders.”
ABOUT CION INVESTMENT CORPORATION
CION Investment Corporation is a leading publicly listed
business development company that had approximately $1.9 billion in
total assets as of September 30, 2024. CION seeks to generate
current income and, to a lesser extent, capital appreciation for
investors by focusing primarily on senior secured loans to U.S.
middle-market companies. CION is advised by CION Investment
Management, LLC, a registered investment adviser and an affiliate
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 the use of forward-looking terminology such as "may,"
"will," "should," "expect," "anticipate," "project," "target,"
"estimate," "intend," "continue," or "believe" or the negatives
thereof or other variations thereon or comparable terminology. You
should read statements that contain these words carefully because
they discuss CION’s plans, strategies, prospects and expectations
concerning its business, operating results, financial condition and
other similar matters. These statements represent CION’s belief
regarding future events that, by their nature, are uncertain and
outside of CION’s control. There are likely to be events in the
future, however, that CION is not able to predict accurately 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 could cause CION’s actual results to differ, possibly
materially from its expectations, include, but are not limited to,
the risks, uncertainties and other factors CION identifies in the
sections entitled "Risk Factors" and "Forward-Looking Statements"
in filings CION makes with the SEC, and it is not possible for CION
to predict or identify all of them. CION undertakes no obligation
to update or revise publicly any 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 is summary information
only and should be read in conjunction with CION’s Current Report
on Form 8-K, which CION filed with the SEC on December 23, 2024, as
well as CION’s other reports filed with the SEC. A copy of CION’s
Current Report on Form 8-K and CION’s other reports filed with the
SEC can be found on CION’s website at www.cionbdc.com and the SEC’s
website at www.sec.gov.
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version on businesswire.com: https://www.businesswire.com/news/home/20241223508600/en/
Media Susan Armstrong sarmstrong@cioninvestments.com
Investor Relations Charlie Arestia
carestia@cioninvestments.com (646) 253-8259
CION Investment (NYSE:CION)
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