CION Investment Corp 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed by CION Investment Corporation (CIC) on September 16, 2020. The report pertains to the declaration of regular monthly cash distributions for the month of October 2020.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. The primary financial data point disclosed is the distribution amount.
- Declared Distribution: $0.04413 per share for October 2020.
- Record Date: October 27, 2020.
- Payment Date: October 28, 2020.
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
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 on the payment date instead of cash. No specific guidance, outlook, risks, or contingencies are detailed in this specific report.
Investor Verification Checklist
- Verify the exact distribution amount of $0.04413 per share for October 2020.
- Confirm the record date of October 27, 2020, to ensure eligibility for the payment.
- Check the status of the distribution reinvestment plan for shareholders electing share issuance.
- Note that this filing does not contain full financial results; refer to the attached press release (Exhibit 99.1) or periodic reports (10-Q/10-K) for broader financial context.