CION Investment Corp 8-K Summary
Business Context and Reporting Period
CION Investment Corporation (CION), a Maryland corporation trading on the New York Stock Exchange, filed this Current Report on Form 8-K on August 11, 2022. The report covers events occurring on August 9, 2022, and August 11, 2022, specifically regarding the declaration of a quarterly distribution and the announcement of financial results for the second quarter ended June 30, 2022.
Key Financial Metrics
This filing announces a regular quarterly cash distribution of $0.31 per share for the third quarter of 2022. The filing references the release of Q2 2022 financial results but does not contain specific numerical data regarding revenue, profit, cash flow, margins, debt, or liquidity within the text of this 8-K. Those metrics are contained in the attached press release (Exhibit 99.1) and earnings presentation (Exhibit 99.2), which are incorporated by reference.
Material Changes
The primary material event reported is the declaration of the Q3 2022 distribution. The filing notes the issuance of Q2 2022 financial results but does not detail specific variances or material changes compared to prior periods within the body of this document.
Guidance, Outlook, and Management Commentary
Management has delegated authority to executive officers to determine distribution terms, subject to quarterly Board ratification. The company held a conference call on August 11, 2022, to discuss Q2 results, accompanied by a slide presentation. The filing explicitly states that the information furnished under Item 2.02 is not deemed "filed" for purposes of Section 18 of the Exchange Act and is not subject to the liabilities of that section.
Investor Verification Checklist
- Verify the exact amount of the Q3 2022 distribution ($0.31 per share) and confirm eligibility based on the September 1, 2022 record date.
- Review the attached Press Release (Exhibit 99.1) for specific Q2 2022 revenue, net income, and total return figures not included in this summary.
- Examine the Q2 2022 Earnings Presentation (Exhibit 99.2) for management's outlook and portfolio performance details.
- Confirm the payment date of September 8, 2022, for the declared distribution.