CION Investment Corp 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed on July 16, 2021, reporting an event that occurred on July 15, 2021. CION Investment Corporation (CIC) is a Maryland corporation with principal executive offices in New York, New York. The filing addresses the declaration of regular monthly cash distributions to shareholders.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. The only specific financial figure disclosed is the declared distribution amount.
- Declared Distribution: $0.04413 per share for August 2021.
- Record Date: August 31, 2021.
- Payment Date: September 1, 2021.
Material Changes
The filing does not disclose material changes in operations, financial condition, or results compared to prior periods. It solely reports the routine declaration of a monthly distribution.
Guidance, Outlook, and Management Commentary
Management commentary is limited to the procedural announcement of the distribution. The Board of Directors has delegated authority to executive officers to determine distribution terms, subject to quarterly ratification. Shareholders enrolled in the distribution reinvestment plan will receive additional shares instead of cash on the payment date. No forward-looking guidance, risk factors, or contingencies are detailed in this specific report.
Investor Verification Checklist
- Verify the ex-dividend date for the August 2021 distribution (typically shortly before the August 31 record date).
- Confirm the total number of shares outstanding to calculate the aggregate distribution payout.
- Review the attached Press Release (Exhibit 99.1) for any additional context regarding the distribution decision.
- Check subsequent filings for the quarterly ratification of these distribution terms by the Board.