CION Investment
CION

$12.30

0.49%

Market Cap: 659M

About: CION Invt Corp is an externally managed, non-diversified, closed-end management investment company that has elected to be regulated as a business development company. The Company's portfolio is comprised 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.

0

Funds holding %

of 6,702 funds

–

Analysts bullish %

0

News positive %

of 4 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

143% more call options, than puts

Call options by funds: $248K | Put options by funds: $102K

13% more repeat investments, than reductions

Existing positions increased: 60 | Existing positions reduced: 53

0% more funds holding in top 10

Funds holding in top 10: 2 [Q4 2023] → 2 (+0) [Q1 2024]

0.65% less ownership

Funds ownership: 33.39% [Q4 2023] → 32.74% (-0.65%) [Q1 2024]

4% less capital invested

Capital invested by funds: $202M [Q4 2023] → $194M (-$7.8M) [Q1 2024]

6% less funds holding

Funds holding: 179 [Q4 2023] → 169 (-10) [Q1 2024]

29% less first-time investments, than exits

New positions opened: 24 | Existing positions closed: 34

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Research analyst outlook

1 Wall Street Analyst provided 1 year price forecasts over the past 6 months

Low target

$12

2%

downside

Avg. target

$12

2%

downside

High target

$12

2%

downside

1 analyst rating

0 positive

0%

1 neutral

100%

0 negative

0%

Wells Fargo

Finian O'Shea

2%downside

$12

Equal-Weight

Maintained

15 May 2024

See Analyst Rankings

Financial journalist opinion

Based on 4 articles about CION published over the past 30 days

CION Investment Corporation Amends and Extends Its Senior Secured Credit Facility, Providing Improved Economic Terms and More Constructive Operating Provisions

NEW YORK--(BUSINESS WIRE)--CION Investment Corporation (NYSE: CION) (“CION”) announced today that it has amended and extended its $675 million senior secured credit facility with JPMorgan Chase Bank, National Association. Under the amendment, the credit spread on the floating interest rate payable on all borrowings was reduced from the three-month Secured Overnight Financing Rate (“SOFR”) plus a credit spread of 3.20% per year to SOFR plus a credit spread of 2.55% per year. Also under the amend.

CION Investment Corporation Amends and Extends Its Senior Secured Credit Facility, Providing Improved Economic Terms and More Constructive Operating Provisions

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CION Investment Corporation Schedules 2024 Second Quarter Earnings Release and Conference Call

NEW YORK--(BUSINESS WIRE)--CION Investment Corporation (NYSE: CION) (“CION”) announced today that it will report its financial results for the second quarter ended June 30, 2024 on Thursday, August 8, 2024, prior to the opening of the financial markets. CION will discuss those results in an earnings conference call at 11:00 a.m. ET that same day. Participant Dial-in Numbers: Domestic (Toll-Free): 877-484-6065 International (Toll): +1 201-689-8846 All participants are asked to dial in approximat.

CION Investment Corporation Schedules 2024 Second Quarter Earnings Release and Conference Call

CION Investment Corp: Big Discount, Strong Yield

CION Investment Corp. is a debt-focused BDC with $2 billion in assets invested primarily in first-lien floating rate debt. CION trades at a significant discount relative to peers, offering a strong dividend yield of nearly 12% with high coverage. CION has had past challenges, but they appear to be on the mend, and dividend coverage here is strong.

CION Investment Corp: Big Discount, Strong Yield

CION Investment Corporation Announces the Amount of its Mid-Year Supplemental Distribution of $0.05 Per Share

NEW YORK--(BUSINESS WIRE)--CION Investment Corporation (NYSE: CION) (“CION”) today announced that it has declared a mid-year supplemental distribution for the period ending June 30, 2024 in the amount of $0.05 per share, payable on July 12, 2024 to shareholders of record as of June 28, 2024. Michael A. Reisner, co-CEO of CION stated, “We are pleased to announce our mid-year supplemental distribution, based on the sustained performance of our conservatively positioned investment portfolio. We re.

CION Investment Corporation Announces the Amount of its Mid-Year Supplemental Distribution of $0.05 Per Share

CION Investment Corporation: Strong Cash Flow And Massive Dividend Coverage

CION Investment Corporation is a newer business development company with inception dating back to 2021.

CION Investment Corporation: Strong Cash Flow And Massive Dividend Coverage

Three BDCs And 3 REITs In My Income Compounder Portfolio

In this article I discuss my Income Compounder portfolio strategy, which focuses on generating a steady stream of passive income for retirement. The article reviews three REITs (AGNC, IVR, EFC) and three BDCs (FSK, TRIN, CION) that I hold in my Schwab IRA. I provide insights on the performance, dividends, and future prospects of each investment.

Three BDCs And 3 REITs In My Income Compounder Portfolio

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CION Investment Corporation (CION) Q1 2024 Earnings Call Transcript

CION Investment Corporation (NYSE:CION ) Q1 2024 Earnings Conference Call May 9, 2024 11:00 AM ET Company Participants Charlie Arestia - MD and Head of IR Michael Reisner - Co-CEO Gregg Bresner - President and CIO Keith Franz - CFO Conference Call Participants Erik Zwick - Hovde Group Operator Greetings, and welcome to the CION Investment Corporation First Quarter 2024 Earnings Call. At this time, all participants are in listen-only mode.

CION Investment Corporation (CION) Q1 2024 Earnings Call Transcript

CION Investment Corporation Reports First Quarter 2024 Financial Results

NEW YORK--(BUSINESS WIRE)--CION Investment Corporation (NYSE: CION) (“CION” or the “Company”) today reported financial results for the first quarter ended March 31, 2024 and filed its Form 10-Q with the U.S. Securities and Exchange Commission. CION also announced that, on May 6, 2024, its co-chief executive officers declared a second quarter 2024 base distribution of $0.36 per share, payable on June 17, 2024 to shareholders of record as of June 3, 2024, which is an increase of $0.02 per share,.

CION Investment Corporation Reports First Quarter 2024 Financial Results

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