CION Investment Key Executives
This section highlights CION Investment's key executives, including their titles and compensation details.
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CION Investment Earnings
This section highlights CION Investment's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q4 | 2024 | 2025-03-13 | $0.36 | $0.35 |
| Read Transcript | Q3 | 2024 | 2024-11-09 | N/A | N/A |
| Read Transcript | Q2 | 2024 | 2024-08-08 | $0.39 | $0.40 |
| Read Transcript | Q1 | 2024 | 2024-05-09 | $0.42 | $0.60 |
| Read Transcript | Q4 | 2023 | 2024-03-14 | $0.42 | $0.40 |
| Read Transcript | Q3 | 2023 | 2023-11-12 | N/A | N/A |
| Read Transcript | Q2 | 2023 | 2023-08-11 | N/A | N/A |
| Read Transcript | Q1 | 2023 | 2023-05-13 | N/A | N/A |
CION Investment Corporation is a business development company. It specializes in investments in senior secured loans, including unitranche loans, First Lien, second lien loans, long-term subordinated loans, and mezzanine loans; equity interests such as warrants or options; and corporate bonds; and other debt securities in middle-market companies. The firm invests in growth capital, acquisitions, leveraged buyouts, market/product expansion, refinancing and recapitalization. The fund also invests up to 30 percent of their assets opportunistically in other types of investments, including the securities of larger public companies and foreign securities. It also makes investments in the secondary loan market. The fund does not invest in start-up companies, turnaround situations, or companies with speculative business plans. The fund prefers to invest in high tech industries, healthcare, pharmaceuticals, business services, media, chemicals, plastic, rubber, telecommunication, consumer services, advertising, printing and publishing, consumer goods, durables, diversified financials, and other industries. It also invests in homebuilding, restaurants, beverage and tobacco bars, broadcasting, distributors, Non-durable good distribution, food beverage and tobacco, energy, oil gas and consumables fuels, insurance, aerospace and defense, industrial machinery, paper and forest product machinery, information technology, metals and mining, and real estate. It primarily seeks to invest in the United States. The fund seeks to invest between $5 million and $50 million in companies with an EBITDA between $25 million and $75 million with average targeted hold of $25 million. It also purchases minority interests in the form of common or preferred equity in the target companies, typically in conjunction with its debt investments or through a co-investment with a financial sponsor. The fund seeks to exit its investments through an initial public offering of common stock, a merger, a sale, or other recapitalization.
$10.97
Stock Price
$581.70M
Market Cap
500
Employees
New York, NY
Location
Financial Statements
Access annual & quarterly financial statements for CION Investment, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Revenue | $252.43M | $251.01M | $61.14M | $131.98M | $-2.20M |
| Cost of Revenue | $- | $- | $49.42M | $41.09M | $41.92M |
| Gross Profit | $252.43M | $251.01M | $11.72M | $90.89M | $-44.13M |
| Gross Profit Ratio | 100.00% | 100.00% | 19.17% | 68.90% | 2002.18% |
| Research and Development Expenses | $- | $- | $0 | $1 | $-0 |
| General and Administrative Expenses | $7.16M | $60.49M | $10.63M | $12.87M | $7.63M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $7.16M | $60.49M | $10.63M | $12.87M | $7.63M |
| Other Expenses | $149.31M | $- | $99.04M | $72.89M | $1.19M |
| Operating Expenses | $156.47M | $60.49M | $10.63M | $12.87M | $8.82M |
| Cost and Expenses | $156.47M | $60.49M | $10.63M | $12.87M | $8.82M |
| Interest Income | $165.79M | $230.91M | $183.90M | $145.48M | $152.44M |
| Interest Expense | $96.87M | $85.56M | $49.62M | $31.81M | $36.84M |
| Depreciation and Amortization | $- | $-190.52M | $62.01M | $7.28M | $68.16M |
| EBITDA | $- | $-9.71M | $- | $- | $- |
| EBITDA Ratio | 0.00% | -3.87% | 163.79% | 90.25% | 500.09% |
| Operating Income | $95.97M | $180.82M | $100.14M | $119.11M | $-11.02M |
| Operating Income Ratio | 38.02% | 72.04% | 163.79% | 90.25% | 500.09% |
| Total Other Income Expenses Net | $-61.96M | $-85.56M | $-51.59M | $14.88M | $- |
| Income Before Tax | $34.01M | $95.26M | $50.51M | $119.11M | $-11.02M |
| Income Before Tax Ratio | 13.47% | 37.95% | 82.62% | 90.25% | 500.09% |
| Income Tax Expense | $107.00K | $-54.00K | $372.00K | $342.00K | $268.00K |
| Net Income | $33.90M | $95.31M | $50.14M | $118.76M | $-11.02M |
| Net Income Ratio | 13.43% | 37.97% | 82.01% | 89.99% | 500.09% |
| EPS | $0.63 | $1.74 | $0.89 | $2.09 | $-0.19 |
| EPS Diluted | $0.63 | $1.74 | $0.89 | $2.09 | $-0.19 |
| Weighted Average Shares Outstanding | 53.56M | 54.69M | 56.56M | 56.81M | 56.82M |
| Weighted Average Shares Outstanding Diluted | 53.56M | 54.69M | 56.56M | 56.81M | 56.82M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $87.91M | $59.63M | $41.08M | $63.82M | $59.65M | $50.16M | $31.00M | $-28.25M | $12.31M | $36.76M | $1.23M | $10.84M | $19.09M | $28.57M | $31.23M | $53.09M | $49.53M | $33.20M | $19.11M | $-104.05M |
| Cost of Revenue | $28.07M | $- | $13.08M | $14.99M | $12.91M | $-17.38M | $12.70M | $-93.22M | $12.21M | $13.39M | $12.01M | $11.80M | $10.59M | $12.41M | $9.19M | $8.89M | $163.84M | $- | $- | $- |
| Gross Profit | $59.83M | $59.63M | $28.00M | $48.83M | $46.74M | $67.54M | $18.30M | $64.97M | $99.00K | $23.36M | $-10.79M | $-957.00K | $8.50M | $16.15M | $22.04M | $44.20M | $-114.31M | $33.20M | $19.11M | $-104.05M |
| Gross Profit Ratio | 68.06% | 100.00% | 68.20% | 76.50% | 78.40% | 134.60% | 59.00% | -230.00% | 0.80% | 63.60% | -879.10% | -8.80% | 44.50% | 56.50% | 70.60% | 83.30% | -230.78% | 100.00% | 100.00% | 100.00% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $232.00K | $1.85M | $2.78M | $2.75M | $2.48M | $2.74M | $2.71M | $2.52M | $2.43M | $2.46M | $2.19M | $2.65M | $2.82M | $3.12M | $3.01M | $2.95M | $2.02M | $1.88M | $2.26M | $1.47M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $232.00K | $1.85M | $2.78M | $2.75M | $2.48M | $2.74M | $2.71M | $2.52M | $2.43M | $2.46M | $2.19M | $2.65M | $2.82M | $3.12M | $3.01M | $2.95M | $2.02M | $1.88M | $2.26M | $1.47M |
| Other Expenses | $5.70M | $36.17M | $36.73M | $-18.07M | $28.34M | $35.86M | $35.08M | $268.00K | $98.15M | $296.00K | $303.00K | $291.00K | $299.00K | $316.00K | $253.00K | $422.00K | $295.00K | $239.00K | $260.00K | $395.00K |
| Operating Expenses | $8.70M | $38.03M | $2.90M | $18.07M | $-28.34M | $2.93M | $2.98M | $2.79M | $2.43M | $2.76M | $2.49M | $2.94M | $2.82M | $3.43M | $3.26M | $3.37M | $2.32M | $2.12M | $2.52M | $1.86M |
| Cost and Expenses | $8.70M | $38.03M | $-5.08M | $33.07M | $-15.43M | $37.79M | $35.08M | $35.11M | $2.43M | $2.76M | $2.49M | $2.94M | $2.82M | $3.43M | $3.26M | $3.37M | $2.32M | $2.12M | $2.52M | $1.86M |
| Interest Income | $51.36M | $40.61M | $53.86M | $69.65M | $56.40M | $63.91M | $56.81M | $53.78M | $53.24M | $49.53M | $40.93M | $40.20M | $37.70M | $37.21M | $36.12M | $34.46M | $40.21M | $36.22M | $33.13M | $42.88M |
| Interest Expense | $25.24M | $23.55M | $23.77M | $24.30M | $24.02M | $21.76M | $20.47M | $19.31M | $16.86M | $13.47M | $10.84M | $8.46M | $8.26M | $8.18M | $7.83M | $7.55M | $7.36M | $7.57M | $11.44M | $10.46M |
| Depreciation and Amortization | $103.64M | $- | $-46.74M | $-56.90M | $-45.84M | $-51.51M | $-44.00M | $-49.17M | $-41.08M | $-39.04M | $-30.13M | $-27.95M | $-26.97M | $-27.81M | $-26.52M | $-25.16M | $-29.34M | $-29.01M | $-25.36M | $-32.12M |
| EBITDA | $-23.15M | $- | $- | $- | $- | $17.48M | $4.48M | $-124.26M | $- | $- | $- | $- | $-2.44M | $5.49M | $- | $- | $- | $- | $2.68M | $-127.57M |
| EBITDA Ratio | -26.34% | 0.00% | 112.35% | 48.19% | 125.86% | 59.31% | 90.37% | -174.07% | 217.14% | 129.13% | 780.36% | 150.89% | 128.46% | 116.61% | 114.61% | 107.86% | 110.19% | 116.42% | 146.69% | 91.73% |
| Operating Income | $-98.50M | $21.60M | $46.16M | $30.75M | $75.08M | $29.75M | $23.42M | $-11.73M | $26.74M | $47.47M | $28.86M | $16.36M | $24.53M | $33.31M | $35.80M | $57.26M | $54.58M | $38.66M | $28.03M | $-95.45M |
| Operating Income Ratio | -112.05% | 36.22% | 112.35% | 48.19% | 125.86% | 59.31% | 75.55% | 41.53% | 217.14% | 129.13% | 2352.30% | 150.89% | 128.46% | 116.61% | 114.61% | 107.86% | 110.19% | 116.42% | 146.69% | 91.73% |
| Total Other Income Expenses Net | $104.08M | $-22.00M | $-24.36M | $-50.45M | $5.21M | $-4.27M | $-15.99M | $32.32M | $-31.20M | $-5.04M | $-21.82M | $-20.05M | $-10.69M | $-2.68M | $1.45M | $24.56M | $17.88M | $2.08M | $-8.77M | $-105.91M |
| Income Before Tax | $5.58M | $-400.00K | $22.38M | $6.45M | $51.05M | $47.24M | $28.01M | $-31.04M | $9.88M | $34.00M | $-1.27M | $7.90M | $16.27M | $25.13M | $27.97M | $49.71M | $47.22M | $31.09M | $16.59M | $-105.91M |
| Income Before Tax Ratio | 6.34% | -0.67% | 54.48% | 10.11% | 85.59% | 94.17% | 90.37% | 109.88% | 80.26% | 92.49% | -103.18% | 72.86% | 85.23% | 87.99% | 89.55% | 93.65% | 95.32% | 93.62% | 86.81% | 101.79% |
| Income Tax Expense | $119.00K | $-21.00K | $4.00K | $5.00K | $60.00K | $-237.00K | $118.00K | $5.00K | $347.00K | $14.00K | $19.29M | $11.00K | $301.00K | $26.00K | $4.00K | $11.00K | $243.00K | $21.00K | $25.36M | $32.12M |
| Net Income | $5.46M | $21.60M | $22.38M | $6.45M | $50.99M | $47.47M | $27.89M | $-31.05M | $9.54M | $33.98M | $-20.55M | $7.89M | $15.97M | $25.11M | $27.97M | $49.71M | $47.22M | $31.09M | $16.59M | $-105.91M |
| Net Income Ratio | 6.21% | 36.22% | 54.47% | 10.10% | 85.49% | 94.64% | 89.99% | 109.90% | 77.44% | 92.45% | -1675.11% | 72.76% | 83.65% | 87.90% | 89.55% | 93.65% | 95.32% | 93.62% | 86.81% | 101.79% |
| EPS | $-0.94 | $0.40 | $0.42 | $0.12 | $0.94 | $0.87 | $0.51 | $-0.56 | $0.17 | $0.60 | $-0.36 | $0.14 | $0.28 | $0.44 | $0.49 | $0.88 | $0.83 | $0.55 | $0.30 | $-1.86 |
| EPS Diluted | $-0.94 | $0.40 | $0.42 | $0.12 | $0.94 | $0.87 | $0.51 | $-0.56 | $0.17 | $0.60 | $-0.36 | $0.14 | $0.28 | $0.44 | $0.49 | $0.88 | $0.83 | $0.55 | $0.30 | $-1.86 |
| Weighted Average Shares Outstanding | 53.56M | 53.44M | 53.60M | 53.96M | 54.29M | 54.56M | 54.79M | 55.11M | 55.51M | 56.82M | 56.96M | 56.96M | 56.96M | 56.77M | 56.75M | 56.75M | 57.06M | 56.71M | 56.66M | 56.85M |
| Weighted Average Shares Outstanding Diluted | 53.56M | 53.44M | 53.60M | 53.96M | 54.29M | 54.56M | 54.79M | 55.11M | 55.51M | 56.82M | 56.96M | 56.96M | 56.96M | 56.77M | 56.75M | 56.75M | 57.06M | 56.71M | 56.66M | 56.85M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $7.67M | $8.41M | $82.74M | $3.77M | $19.91M |
| Short Term Investments | $- | $113.45M | $10.87M | $87.92M | $73.60M |
| Cash and Short Term Investments | $7.67M | $121.86M | $82.74M | $3.77M | $19.91M |
| Net Receivables | $194.00K | $37.69M | $28.82M | $24.40M | $23.72M |
| Inventory | $- | $- | $1 | $116.09M | $1 |
| Other Current Assets | $- | $1.35M | $2.10M | $466.00K | $1.79M |
| Total Current Assets | $194.00K | $160.90M | $111.56M | $28.18M | $43.64M |
| Property Plant Equipment Net | $- | $- | $- | $- | $- |
| Goodwill | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- |
| Long Term Investments | $1.89B | $1.95B | $1.76B | $1.75B | $1.57B |
| Tax Assets | $- | $- | $1.87B | $1.78B | $1.61B |
| Other Non-Current Assets | $- | $-1.95B | $-1.87B | $-1.78B | $-1.61B |
| Total Non-Current Assets | $1.89B | $1.95B | $1.76B | $1.75B | $1.57B |
| Other Assets | $56.85M | $-113.45M | $825.00K | $466.00K | $1.79M |
| Total Assets | $1.95B | $2.00B | $1.87B | $1.78B | $1.61B |
| Account Payables | $12.96M | $26.80M | $23.76M | $17.59M | $3.33M |
| Short Term Debt | $- | $- | $- | $- | $- |
| Tax Payables | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $-927.56M | $-804.78M | $-716.63M |
| Other Current Liabilities | $40.00K | $- | $-23.76M | $-17.59M | $-3.33M |
| Total Current Liabilities | $13.00M | $26.80M | $23.76M | $17.59M | $3.33M |
| Long Term Debt | $- | $1.08B | $951.32M | $822.37M | $719.96M |
| Deferred Revenue Non-Current | $- | $- | $988.78M | $852.17M | $736.54M |
| Deferred Tax Liabilities Non-Current | $- | $- | $-988.78M | $-29.80M | $-16.58M |
| Other Non-Current Liabilities | $- | $- | $-951.32M | $-822.37M | $-719.96M |
| Total Non-Current Liabilities | $- | $1.08B | $23.76M | $822.37M | $719.96M |
| Other Liabilities | $1.12B | $13.66M | $941.25M | $12.21M | $13.26M |
| Total Liabilities | $1.12B | $1.12B | $988.78M | $852.17M | $736.54M |
| Preferred Stock | $- | $- | $- | $0 | $0 |
| Common Stock | $53.00K | $54.00K | $55.00K | $57.00K | $113.00K |
| Retained Earnings | $- | $-153.52M | $-160.97M | $-129.53M | $-176.77M |
| Accumulated Other Comprehensive Income Loss | $- | $0 | $0 | $-0 | $-0 |
| Other Total Stockholders Equity | $21.24M | $1.03B | $1.04B | $1.06B | $1.05B |
| Total Stockholders Equity | $21.29M | $879.56M | $883.63M | $930.51M | $878.26M |
| Total Equity | $21.29M | $879.56M | $1.74B | $1.66B | $1.50B |
| Total Liabilities and Stockholders Equity | $1.95B | $2.00B | $1.87B | $1.78B | $1.61B |
| Minority Interest | $- | $- | $857.71M | $730.68M | $626.45M |
| Total Liabilities and Total Equity | $1.95B | $2.00B | $1.87B | $1.78B | $1.61B |
| Total Investments | $1.89B | $1.95B | $1.76B | $1.75B | $1.57B |
| Total Debt | $- | $1.08B | $951.32M | $822.37M | $719.96M |
| Net Debt | $-7.67M | $1.07B | $868.58M | $818.60M | $700.04M |
Balance Sheet Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $7.67M | $29.77M | $9.80M | $48.48M | $8.41M | $6.80M | $11.52M | $96.02M | $82.74M | $43.66M | $42.54M | $17.50M | $3.77M | $2.16M | $1.50M | $1.64M | $19.91M | $4.21M | $1.69M | $3.73M |
| Short Term Investments | $- | $- | $83.16M | $130.14M | $113.45M | $-6.14M | $100.77M | $-94.28M | $10.87M | $9.80M | $14.35M | $15.76M | $87.92M | $115.83M | $25.11M | $-14.00M | $- | $- | $- | $- |
| Cash and Short Term Investments | $7.67M | $29.77M | $92.96M | $178.62M | $121.86M | $661.00K | $11.52M | $1.74M | $82.74M | $43.66M | $42.54M | $17.50M | $3.77M | $2.16M | $1.50M | $1.64M | $19.91M | $4.21M | $1.69M | $3.73M |
| Net Receivables | $194.00K | $240.00K | $43.60M | $47.82M | $37.69M | $43.11M | $34.20M | $30.57M | $28.82M | $34.12M | $24.68M | $28.60M | $24.40M | $40.98M | $29.35M | $57.33M | $23.72M | $27.64M | $25.27M | $24.23M |
| Inventory | $- | $- | $1 | $- | $1 | $124.03M | $1 | $162.62M | $1 | $1 | $1 | $61.86M | $116.09M | $158.97M | $1 | $146.56M | $1 | $-3.07M | $-3.07M | $1 |
| Other Current Assets | $- | $- | $942.00K | $1.14M | $1.35M | $1.55M | $608.00K | $4.55M | $2.10M | $841.00K | $2.11M | $3.62M | $466.00K | $474.00K | $426.00K | $667.00K | $1.79M | $1.37M | $552.00K | $623.00K |
| Total Current Assets | $194.00K | $240.00K | $54.34M | $97.44M | $301.00K | $947.00K | $44.72M | $2.02M | $111.56M | $77.78M | $67.22M | $46.10M | $28.18M | $43.14M | $30.85M | $58.97M | $43.64M | $31.86M | $26.96M | $27.96M |
| Property Plant Equipment Net | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Long Term Investments | $- | $1.81B | $1.91B | $1.74B | $1.84B | $1.84B | $1.79B | $1.72B | $1.76B | $1.81B | $1.81B | $1.76B | $1.75B | $1.75B | $1.72B | $1.62B | $1.57B | $1.57B | $1.57B | $1.64B |
| Tax Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $60.21M | $- | $-1.91B | $130.14M | $-1.75B | $-1.84B | $-1.79B | $-1.72B | $-1.76B | $-1.81B | $-1.81B | $-1.76B | $-1.75B | $-1.75B | $-1.72B | $-1.62B | $-1.57B | $-1.57B | $-1.57B | $-1.64B |
| Total Non-Current Assets | $60.21M | $1.81B | $1.91B | $1.87B | $93.76M | $1.84B | $1.79B | $1.72B | $1.76B | $1.81B | $1.81B | $1.76B | $1.75B | $1.75B | $1.72B | $1.62B | $1.57B | $1.57B | $1.57B | $1.64B |
| Other Assets | $1.89B | $109.15M | $- | $- | $1.91B | $50.52M | $1.60M | $129.12M | $825.00K | $841.00K | $2.11M | $3.62M | $466.00K | $474.00K | $426.00K | $667.00K | $1.79M | $1.37M | $552.00K | $623.00K |
| Total Assets | $1.95B | $1.92B | $1.96B | $1.97B | $2.00B | $1.90B | $1.83B | $1.85B | $1.87B | $1.89B | $1.87B | $1.81B | $1.78B | $1.79B | $1.76B | $1.68B | $1.61B | $1.60B | $1.60B | $1.67B |
| Account Payables | $12.96M | $8.52M | $12.82M | $21.78M | $26.80M | $11.17M | $9.59M | $8.08M | $23.76M | $7.00M | $18.43M | $4.04M | $17.59M | $39.71M | $24.28M | $43.85M | $3.33M | $8.13M | $4.92M | $25.18M |
| Short Term Debt | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $- | $- | $- | $-8.87M | $- | $-116.92M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Current Liabilities | $40.00K | $40.00K | $25.13M | $-21.78M | $-26.80M | $-11.17M | $-9.59M | $-8.08M | $-23.76M | $-7.00M | $-18.43M | $-4.04M | $-17.59M | $-39.71M | $-24.28M | $-43.85M | $-3.33M | $-8.13M | $-4.92M | $-25.18M |
| Total Current Liabilities | $13.00M | $8.56M | $37.95M | $44.76M | $26.80M | $21.14M | $9.59M | $8.08M | $23.76M | $7.00M | $18.43M | $4.04M | $17.59M | $39.71M | $24.28M | $43.85M | $3.33M | $8.13M | $4.92M | $25.18M |
| Long Term Debt | $- | $- | $1.06B | $1.06B | $1.08B | $1.00B | $- | $- | $951.32M | $950.49M | $939.65M | $867.36M | $822.37M | $796.67M | $796.00M | $716.31M | $719.96M | $719.42M | $739.92M | $803.09M |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $- | $- | $- | $-1.06B | $-1.08B | $-1.00B | $- | $- | $-951.32M | $-950.49M | $-939.65M | $-867.36M | $-822.37M | $-796.67M | $-796.00M | $-716.31M | $-719.96M | $-719.42M | $-739.92M | $-803.09M |
| Total Non-Current Liabilities | $- | $- | $1.06B | $1.06B | $1.12B | $1.00B | $976.74M | $8.08M | $23.76M | $7.00M | $18.43M | $4.04M | $17.59M | $39.71M | $24.28M | $43.85M | $3.33M | $8.13M | $4.92M | $25.18M |
| Other Liabilities | $1.12B | $1.08B | $- | $- | $-26.80M | $14.23M | $12.09M | $1.01B | $941.25M | $956.77M | $932.68M | $874.49M | $816.99M | $769.48M | $780.87M | $680.63M | $729.88M | $719.66M | $746.97M | $790.00M |
| Total Liabilities | $1.12B | $1.08B | $1.10B | $1.11B | $1.12B | $1.04B | $998.42M | $1.02B | $988.78M | $970.77M | $969.54M | $882.56M | $852.17M | $848.89M | $829.43M | $768.34M | $736.54M | $735.91M | $756.81M | $840.35M |
| Preferred Stock | $- | $- | $- | $1 | $- | $- | $- | $- | $- | $0 | $- | $0 | $0 | $- | $0 | $0 | $0 | $1 | $- | $0 |
| Common Stock | $53.00K | $- | $54.00K | $54.00K | $54.00K | $54.00K | $55.00K | $55.00K | $55.00K | $57.00K | $57.00K | $57.00K | $57.00K | $57.00K | $113.00K | $113.00K | $113.00K | $114.00K | $113.00K | $113.00K |
| Retained Earnings | $- | $-184.55M | $-164.94M | $-165.35M | $-153.52M | $-175.22M | $-201.42M | $-210.70M | $-160.97M | $-138.43M | $-154.81M | $-137.59M | $-129.53M | $-119.03M | $-129.11M | $-142.08M | $-176.77M | $-191.50M | $-212.58M | $-229.17M |
| Accumulated Other Comprehensive Income Loss | $- | $- | $- | $0 | $0 | $-0 | $0 | $0 | $0 | $-0 | $- | $-0 | $-0 | $-0 | $-0 | $-0 | $-0 | $0 | $-0 | $-0 |
| Other Total Stockholders Equity | $21.24M | $1.02B | $1.03B | $1.03B | $1.03B | $1.04B | $1.04B | $1.04B | $1.04B | $1.05B | $1.06B | $1.06B | $1.06B | $1.06B | $1.05B | $1.05B | $1.05B | $1.06B | $1.05B | $1.05B |
| Total Stockholders Equity | $21.29M | $839.19M | $860.81M | $863.06M | $879.56M | $860.76M | $836.36M | $830.31M | $883.63M | $914.91M | $905.24M | $922.45M | $930.51M | $941.01M | $925.88M | $912.94M | $878.26M | $867.22M | $842.43M | $825.86M |
| Total Equity | $21.29M | $839.19M | $860.81M | $863.06M | $879.56M | $860.76M | $836.36M | $830.31M | $883.63M | $914.91M | $905.24M | $922.45M | $930.51M | $941.01M | $925.88M | $912.94M | $878.26M | $867.22M | $842.43M | $825.86M |
| Total Liabilities and Stockholders Equity | $1.95B | $1.92B | $1.96B | $1.97B | $2.00B | $1.90B | $1.83B | $1.85B | $1.87B | $1.89B | $1.87B | $1.81B | $1.78B | $1.79B | $1.76B | $1.68B | $1.61B | $1.60B | $1.60B | $1.67B |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $1.95B | $1.92B | $1.96B | $1.97B | $2.00B | $1.90B | $1.83B | $1.85B | $1.87B | $1.89B | $1.87B | $1.81B | $1.78B | $1.79B | $1.76B | $1.68B | $1.61B | $1.60B | $1.60B | $1.67B |
| Total Investments | $1.89B | $1.81B | $83.16M | $1.87B | $1.95B | $1.84B | $1.79B | $1.72B | $1.76B | $1.81B | $1.81B | $1.76B | $1.75B | $1.75B | $1.72B | $1.62B | $1.57B | $1.57B | $1.57B | $1.64B |
| Total Debt | $- | $- | $1.06B | $1.06B | $1.08B | $1.00B | $976.74M | $1.00B | $951.32M | $950.49M | $939.65M | $867.36M | $822.37M | $796.67M | $796.00M | $716.31M | $719.96M | $719.42M | $739.92M | $803.09M |
| Net Debt | $-7.67M | $-29.77M | $1.05B | $1.01B | $1.07B | $993.41M | $965.22M | $906.38M | $868.58M | $906.83M | $897.11M | $849.86M | $818.60M | $794.51M | $794.51M | $714.67M | $700.04M | $715.21M | $738.23M | $799.36M |
Annual Cash Flow
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Net Income | $- | $95.31M | $50.14M | $118.76M | $-11.02M |
| Depreciation and Amortization | $33.65M | $-22.22M | $5.31M | $-43.62M | $19.88M |
| Deferred Income Tax | $- | $- | $- | $- | $- |
| Stock Based Compensation | $- | $- | $- | $- | $- |
| Change in Working Capital | $- | $-8.47M | $-9.89M | $13.52M | $10.10M |
| Accounts Receivables | $- | $- | $-2.26M | $-1.02M | $15.56M |
| Inventory | $- | $- | $2.26M | $1.02M | $-15.56M |
| Accounts Payables | $-2.00K | $4.72M | $-910.00K | $1.23M | $-121.00K |
| Other Working Capital | $-6.47M | $-13.19M | $-8.98M | $12.29M | $10.22M |
| Other Non Cash Items | $54.55M | $-161.77M | $-10.29M | $-137.92M | $179.77M |
| Net Cash Provided by Operating Activities | $88.19M | $-97.15M | $35.28M | $-49.25M | $198.73M |
| Investments in Property Plant and Equipment | $- | $- | $- | $- | $- |
| Acquisitions Net | $- | $- | $- | $- | $- |
| Purchases of Investments | $-464.05M | $-350.20M | $-550.54M | $-920.04M | $-359.63M |
| Sales Maturities of Investments | $42.87M | $300.25M | $62.59M | $259.05M | $77.63M |
| Other Investing Activities | $- | $- | $- | $- | $- |
| Net Cash Used for Investing Activities | $- | $- | $-487.95M | $-660.99M | $-282.00M |
| Debt Repayment | $- | $134.84M | $127.50M | $105.00M | $-116.04M |
| Common Stock Issued | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $-11.35M | $-11.52M | $-15.44M | $-10.47M | $-23.30M |
| Dividends Paid | $-44.54M | $-91.96M | $-66.64M | $-56.04M | $-39.98M |
| Other Financing Activities | $-33.05M | $-8.54M | $-1.73M | $-5.38M | $-5.62M |
| Net Cash Used Provided by Financing Activities | $-88.94M | $22.83M | $43.69M | $33.11M | $-184.95M |
| Effect of Forex Changes on Cash | $- | $- | $487.95M | $660.99M | $282.00M |
| Net Change in Cash | $-745.00K | $-74.32M | $78.97M | $-16.14M | $13.78M |
| Cash at End of Period | $7.67M | $8.41M | $82.74M | $3.77M | $19.91M |
| Cash at Beginning of Period | $8.41M | $82.74M | $3.77M | $19.91M | $6.13M |
| Operating Cash Flow | $88.19M | $-97.15M | $35.28M | $-49.25M | $198.73M |
| Capital Expenditure | $- | $- | $- | $- | $- |
| Free Cash Flow | $88.19M | $-97.15M | $35.28M | $-49.25M | $198.73M |
Cash Flow Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-28.44M | $-379.00K | $22.38M | $6.45M | $50.99M | $47.47M | $27.89M | $-31.05M | $9.54M | $33.98M | $-1.27M | $7.89M | $15.97M | $25.11M | $27.97M | $49.71M | $47.22M | $31.09M | $16.59M | $-105.91M |
| Depreciation and Amortization | $36.92M | $- | $-19.69M | $16.41M | $-29.59M | $-25.61M | $-23.41M | $56.38M | $5.31M | $-25.59M | $20.73M | $11.53M | $-43.62M | $14.24M | $-8.84M | $-36.24M | $19.88M | $-52.18M | $-13.66M | $123.38M |
| Deferred Income Tax | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Stock Based Compensation | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Change in Working Capital | $1.14M | $- | $-5.54M | $4.41M | $1.84M | $-964.00K | $-2.04M | $-7.31M | $8.53M | $-16.85M | $20.04M | $-21.62M | $-5.70M | $6.66M | $10.71M | $1.85M | $3.06M | $-3.27M | $-20.73M | $31.04M |
| Accounts Receivables | $7.19M | $- | $3.75M | $-10.94M | $4.66M | $-10.98M | $-5.88M | $-2.85M | $6.27M | $-8.51M | $3.84M | $-3.87M | $16.72M | $-12.09M | $29.06M | $-34.71M | $1.74M | $-2.87M | $-4.48M | $16.83M |
| Inventory | $- | $- | $- | $- | $-11.43M | $10.02M | $5.88M | $-4.46M | $-6.27M | $8.51M | $-3.84M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Accounts Payables | $-7.38M | $285.00K | $-8.96M | $16.06M | $-5.45M | $166.00K | $269.00K | $63.00K | $-910.00K | $659.00K | $332.00K | $-1.06M | $1.23M | $1.35M | $1.24M | $227.00K | $-121.00K | $-100.00K | $-202.00K | $262.00K |
| Other Working Capital | $1.32M | $-14.32M | $-327.00K | $-708.00K | $14.06M | $-166.00K | $-2.31M | $-63.00K | $9.44M | $-17.51M | $19.71M | $-20.56M | $-6.92M | $5.31M | $9.47M | $1.62M | $3.19M | $-3.17M | $-20.53M | $30.77M |
| Other Non Cash Items | $2.66M | $52.38M | $-4.75M | $1.09M | $-10.11M | $-27.76M | $-38.45M | $-17.71M | $41.57M | $23.90M | $-70.00M | $-12.42M | $36.43M | $-35.37M | $-93.96M | $-14.17M | $-18.28M | $54.22M | $82.22M | $4.07M |
| Net Cash Provided by Operating Activities | $12.27M | $52.00M | $6.86M | $17.06M | $13.13M | $-6.86M | $-36.00M | $308.00K | $64.95M | $15.43M | $-30.48M | $-14.63M | $3.09M | $10.64M | $-64.12M | $1.15M | $51.88M | $29.86M | $64.42M | $52.57M |
| Investments in Property Plant and Equipment | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Acquisitions Net | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Purchases of Investments | $-112.42M | $-92.47M | $-147.53M | $-111.64M | $-154.23M | $-103.04M | $-69.89M | $-23.05M | $-550.54M | $-141.28M | $-173.22M | $-137.82M | $-920.04M | $-165.03M | $-222.10M | $-183.63M | $-359.63M | $-36.13M | $-25.87M | $-175.63M |
| Sales Maturities of Investments | $-241.72M | $- | $76.96M | $207.62M | $83.00M | $1.92M | $1.79M | $8.81M | $62.59M | $11.58M | $6.59M | $2.28M | $259.05M | $26.77M | $5.13M | $15.00M | $77.63M | $12.64M | $16.84M | $27.58M |
| Other Investing Activities | $-92.47M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Cash Used for Investing Activities | $-446.60M | $- | $-70.57M | $95.98M | $-71.22M | $-101.12M | $-68.10M | $-14.24M | $-487.95M | $-129.69M | $-166.63M | $-135.54M | $-660.99M | $-138.27M | $-216.97M | $-168.63M | $-282.00M | $-23.49M | $-9.03M | $-148.05M |
| Debt Repayment | $22.50M | $- | $- | $-22.50M | $84.13M | $22.50M | $-25.00M | $53.21M | $- | $10.00M | $72.50M | $45.00M | $25.00M | $- | $80.00M | $- | $- | $-21.04M | $-60.82M | $-34.18M |
| Common Stock Issued | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $-2.00M | $-2.00M | $-2.67M | $-4.67M | $-2.90M | $-1.80M | $-3.23M | $-3.59M | $-8.73M | $-6.71M | $- | $- | $- | $-13.00K | $-5.16M | $-5.29M | $-15.21M | $- | $-14.00K | $-8.07M |
| Dividends Paid | $-25.77M | $-21.91M | $-19.28M | $-29.12M | $-21.18M | $-18.55M | $-18.61M | $-33.62M | $-17.14M | $-17.60M | $-15.95M | $-15.95M | $-26.47M | $-9.96M | $-9.87M | $-9.74M | $-20.96M | $-6.30M | $-1.00K | $-12.72M |
| Other Financing Activities | $26.61M | $-8.12M | $- | $- | $-3.84M | $- | $-1.66M | $-3.03M | $- | $- | $-1.02M | $-700.00K | $- | $- | $-990.00K | $-4.39M | $- | $- | $-5.62M | $- |
| Net Cash Used Provided by Financing Activities | $21.33M | $-32.03M | $-21.95M | $-56.29M | $56.21M | $2.15M | $-48.50M | $12.97M | $-25.88M | $-14.31M | $55.53M | $28.35M | $-1.47M | $-9.97M | $63.98M | $-19.42M | $-36.18M | $-27.33M | $-66.46M | $-54.98M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $-183.46M | $101.12M | $68.10M | $14.24M | $487.95M | $129.69M | $166.63M | $135.54M | $660.99M | $138.27M | $216.97M | $168.63M | $282.00M | $23.49M | $9.03M | $148.05M |
| Net Change in Cash | $-22.09M | $19.97M | $-38.68M | $40.07M | $1.61M | $-4.71M | $-84.50M | $13.28M | $39.08M | $1.12M | $25.04M | $13.73M | $1.61M | $663.00K | $-145.00K | $-18.27M | $15.70M | $2.53M | $-2.04M | $-2.41M |
| Cash at End of Period | $7.67M | $29.77M | $9.80M | $48.48M | $8.41M | $6.80M | $11.52M | $96.02M | $82.74M | $43.66M | $42.54M | $17.50M | $3.77M | $2.16M | $1.50M | $1.64M | $19.91M | $4.21M | $1.69M | $3.73M |
| Cash at Beginning of Period | $29.77M | $9.80M | $48.48M | $8.41M | $6.80M | $11.52M | $96.02M | $82.74M | $43.66M | $42.54M | $17.50M | $3.77M | $2.16M | $1.50M | $1.64M | $19.91M | $4.21M | $1.69M | $3.73M | $6.13M |
| Operating Cash Flow | $12.27M | $52.00M | $6.86M | $17.06M | $13.13M | $-6.86M | $-36.00M | $308.00K | $64.95M | $15.43M | $-30.48M | $-14.63M | $3.09M | $10.64M | $-64.12M | $1.15M | $51.88M | $29.86M | $64.42M | $52.57M |
| Capital Expenditure | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Free Cash Flow | $12.27M | $52.00M | $6.86M | $17.06M | $13.13M | $-6.86M | $-36.00M | $308.00K | $64.95M | $15.43M | $-30.48M | $-14.63M | $3.09M | $10.64M | $-64.12M | $1.15M | $51.88M | $29.86M | $64.42M | $52.57M |
CION Investment Dividends
Explore CION Investment's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
7.29%
Dividend Payout Ratio
131.38%
Dividend Paid & Capex Coverage Ratio
1.98x
CION Investment Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.36 | $0.36 | March 28, 2025 | March 28, 2025 | April 11, 2025 | March 10, 2025 |
| $0.05 | $0.05 | December 30, 2024 | December 30, 2024 | January 27, 2025 | December 23, 2024 |
| $0.36 | $0.36 | December 02, 2024 | December 30, 2024 | January 27, 2025 | December 23, 2024 |
| $0.36 | $0.36 | September 03, 2024 | September 03, 2024 | September 17, 2024 | August 05, 2024 |
| $0.05 | $0.05 | June 28, 2024 | June 28, 2024 | July 12, 2024 | June 12, 2024 |
| $0.36 | $0.36 | June 03, 2024 | June 03, 2024 | June 17, 2024 | May 06, 2024 |
| $0.34 | $0.34 | March 21, 2024 | March 22, 2024 | March 28, 2024 | March 11, 2024 |
| $0.05 | $0.05 | December 28, 2023 | December 29, 2023 | January 15, 2024 | August 07, 2023 |
| $0.15 | $0.15 | December 21, 2023 | December 22, 2023 | January 31, 2024 | December 14, 2023 |
| $0.34 | $0.34 | November 30, 2023 | December 01, 2023 | December 15, 2023 | November 09, 2023 |
| $0.05 | $0.05 | September 28, 2023 | September 29, 2023 | October 16, 2023 | August 07, 2023 |
| $0.34 | $0.34 | August 31, 2023 | September 01, 2023 | September 15, 2023 | August 07, 2023 |
| $0.34 | $0.34 | May 31, 2023 | June 01, 2023 | June 15, 2023 | May 08, 2023 |
| $0.34 | $0.34 | March 23, 2023 | March 24, 2023 | March 31, 2023 | March 13, 2023 |
| $0.27 | $0.27 | December 29, 2022 | December 30, 2022 | January 31, 2023 | December 20, 2022 |
| $0.31 | $0.31 | November 30, 2022 | December 01, 2022 | December 08, 2022 | November 08, 2022 |
| $0.31 | $0.31 | August 31, 2022 | September 01, 2022 | September 08, 2022 | August 09, 2022 |
| $0.28 | $0.28 | May 31, 2022 | June 01, 2022 | June 08, 2022 | March 08, 2022 |
| $0.28 | $0.28 | March 22, 2022 | March 23, 2022 | March 30, 2022 | November 12, 2021 |
| $0.2 | $0.2 | December 15, 2021 | December 16, 2021 | December 23, 2021 | November 15, 2021 |
CION Investment News
Read the latest news about CION Investment, including recent articles, headlines, and updates.
CION Investment: A Dividend Cut Is Likely, But I Remain Long
CION Investment has recently issued its Q4, 2024 report. The NII per share has declined to a level, where the dividend is no longer covered. This has also provided a fruitful environment for the bears to speak about PIK and insufficient cash generation to accommodate the dividend.
CION Investment: Credit Quality Concerns & Economic Uncertainty Outweigh The 13% Yield
CION Investment Corp faces financial challenges, particularly with borrowers like David's Bridal, impacting their top and bottom lines and raising concerns about credit quality. Despite a solid dividend coverage and share repurchases, economic volatility and recession risks warrant caution for investors seeking high yields. The company's net investment income and NAV have declined, with leverage increasing, although their focus on first-lien loans and portfolio growth offers some positives.
CION Investment Corporation (CION) Q4 2024 Earnings Call Transcript
CION Investment Corporation (NYSE:CION ) Q4 2024 Earnings Conference Call March 13, 2025 11:00 AM ET Company Participants Charles Arestia - Managing Director and Head, Investor Relations Michael Reisner - Co-Founder and Co-Chief Executive Officer Gregg Bresner - President and Chief Investment Officer Keith Franz - Managing Director and Chief Financial Officer Conference Call Participants Finian O'Shea - Wells Fargo Securities Justin Marca - Lucid Capital Markets Operator Greetings and welcome to the CION Investment Corporation Q4 and Year-End 2024 Earnings Call. At this time, all participants are in a listen-only mode.
CION Investment Corporation Reports Fourth Quarter and Year End 2024 Financial Results
NEW YORK--(BUSINESS WIRE)--CION Investment Corporation (NYSE: CION) (“CION” or the “Company”) today reported financial results for the fourth quarter and year ended December 31, 2024 and filed its Form 10-K with the U.S. Securities and Exchange Commission. CION also announced that, on March 10, 2025, its co-chief executive officers declared a first quarter 2025 base distribution of $0.36 per share payable on April 11, 2025 to shareholders of record as of March 28, 2025. FOURTH QUARTER AND OTHER.
The Moment Of Truth For BDC Dividend Investors Is Close
As a structural BDC bull I have to admit that the period of BDCs consistently surprising us on the upside has come to an end. Many lower quality BDCs have already cut their dividends to sync their cash flows with less favorable private credit lending environment. I would say that the moment of truth for high quality BDCs is also very close, where we will see how really durable their base dividends are.
Tactical BDCs For Sizable Income And Alpha: 1 To Buy, 1 To Avoid
Since BDCs carry in general above-average risks, it makes sense to prioritize defensive and prudently structured picks. Yet, if the price is right, higher risk BDCs could also become enticing investments. In this article, I discuss two tactical or higher risk BDCs - one of which is a buy, and the other one, in my view, should be avoided.
My BDC Portfolio To Beat The Index And Generate Durable Income
In this article I have elaborated on my actual BDC portfolio. The objective of this portfolio is to beat the BDC-specific indices/ETFs and capture durable base dividends. The portfolio is optimized across leverage, dividend coverage, yield, and valuation levers.
CION Investment Corporation Enters Into a New Three-Year $125 Million Loan Agreement With UBS
NEW YORK--(BUSINESS WIRE)--CION Investment Corporation (NYSE: CION) (“CION”) announced today that it has terminated its existing senior secured repurchase facility with UBS AG, London Branch (“UBS”) and simultaneously entered into a new senior secured credit facility with UBS. Under the new $125 million senior secured credit facility, the credit spread on the floating interest rate payable by CION on all advances was reduced by 45 basis points, from the three-month Secured Overnight Financing R.
CION Investment Corporation Schedules 2024 Fourth Quarter and Year-End 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 fourth quarter and full year ended December 31, 2024 on Thursday, March 13, 2025, 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.
CION Investment Corporation: Disappointing Growth And Investment Activity (Rating Downgrade)
I am downgrading CION Investment Corporation to a hold due to suppressed growth in a high-interest rate environment and a slightly weakened dividend coverage. CION's portfolio structure is solid, but its NAV has shown no meaningful growth, attributed to net losses, a growing non-accrual rate, and reduced new investments. Despite a high 13% dividend yield, the non-accrual rate has increased to 1.85%, and earnings cover the distribution at a slightly weakened rate of 111%.
SPE And PFO: Two 'Buy' Opportunities Based On Attractive Discounts
Closed-end fund discounts/premiums, due to their structure, allow for potential opportunities to capitalize on mean reversion. CEFs also offer relatively higher distribution yields as they leverage their portfolios and payout sources of income, capital gains and/or return of capital. Today, we are giving SPE and PFO a look; these are two funds that, we believe, are attractively valued and provide monthly distribution to investors.
2 BDCs With 20%+ Discount To NAV: 1 To Buy, 1 To Avoid
The primary return source of BDC investments is dividend income. Yet, when there is a mismatch between price and value, it is possible to pocket attractive price returns as well. In this article, I share two BDCs that trade at 20%+ discount to their NAV and offer dividend yield starting from 13%.
I'm Not Married To CION Investment
CION Investment Corporation is downgraded to a hold due to financial pressure from smaller borrowers and expected volatility in the coming quarters. The business development company's Q3 performance showed declines in net investment and total investment income, with significant unrealized losses impacting NAV. Despite headwinds, CION's balance sheet remains strong with well-staggered debt, active share repurchases, and a safe base dividend.
CION Investment Corporation: Deep Discount And Tempting Yield But Riskier
Income-focused investors could consider CION Investment Corporation for its high yields, but there are definitely risks to consider. CION offers a 12.55% dividend yield and trades at a significant discount of over 27% to its last reported net asset value per share. One of the risks includes higher relative non-accruals and significant payment-in-kind income, though they add that PIK is part of their overall strategy.
CION Investment Corporation Announces Year-End Special Distribution of $0.05 Per Share
NEW YORK--(BUSINESS WIRE)--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.
KBW Announces Index Rebalancing for Fourth-Quarter 2024
NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE: SF), announces the upcoming index rebalancing for the fourth quarter of 2024.
Invest In $95,000 BDC Portfolio For $10,000 Annual Income And Durable Compounding
Private credit/BDC investments offer exposure to structural growth and a significant portfolio yield enhancement. Yet, we have to be extra careful of not falling into value traps and investing in unsustainable yields, which are abundant in the inherently risky sector. In this article, I share a BDC portfolio that has ~10.5% yield, healthier fundamentals than the average in the space, and, importantly, meaningful price appreciation potential.
CION Investment: Double-Digit Yield Is Safer Than It Seems
CION Investment offers a high regular dividend yield exceeding 12%, supported by a solid dividend coverage of 124%, despite sensitivity to interest rate changes. The company primarily invests in first-lien debt, ensuring high repayment priority, but has seen a slight increase in non-accruals to 1.8% at fair value. CION's valuation is attractive due to trading at a discount to its Net Asset Value, though this raises concerns about its capital-gathering effectiveness.
Dividend Cut Alert: 13-14% Yields Getting Too Risky
Sky-high dividends of 13-14% are appealing but often come with significant risks. I discuss two stocks that have fully covered 13% and 14% yields that have a lot going for them and look deeply undervalued. However, I believe their dividends are at risk of getting cut soon.
CION Investment Corporation (CION) Q3 2024 Earnings Call Transcript
CION Investment Corporation (NYSE:CION ) Q3 2024 Earnings Conference Call November 7, 2024 11:00 AM ET Company Participants Charlie Arestia - Managing Director and Head, Investor Relations Mark Gatto - Co-Chief Executive Officer Gregg Bresner - President and CIO Keith Franz - Chief Financial Officer Conference Call Participants Operator Greetings. And welcome to the CION Investment Corporation's Third Quarter 2024 Conference Call.
New Preferred Stock And Exchange Traded Debt IPOs, October 2024
September saw two new convertible preferred stock offerings, one term preferred offering, and one Exchange Traded Debt (ETD) offering, with yields ranging from 6% to 8.125%. Here is a comparison against the highest quality preferred stocks in our coverage universe, as ranked by our internal “CDx3 Compliance Score” metric: CDx3 preferreds ranked 10 out of 10 are meanwhile selling for an average premium to par of about 7 cents and offer an average current yield of 6.23%.
2 BDCs Everyone Seems To Overlook
CION Investment Corp. and Chicago Atlantic BDC are overlooked small-cap BDCs that offer high yields for dividend investors. CION has strong fundamentals, solid dividend coverage, and trades at a 26% discount to NAV, making it an attractive entry point. Chicago Atlantic BDC, the only cannabis-focused BDC, has diversified its portfolio, boasts a clean balance sheet, and trades at a slight discount.
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