CION Investment Corp Form 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed by CION Investment Corporation on May 19, 2015, reporting events that occurred on May 18, 2015. The filing primarily addresses the declaration of cash distributions by the Board of Directors.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. The only specific financial data disclosed is the declaration of five weekly cash distributions totaling $0.070335 per share ($0.014067 per distribution).
Material Changes
No material changes to operations or financial condition compared to prior periods are detailed in this specific filing text. The document focuses solely on the new distribution declaration.
Guidance, Outlook, and Management Commentary
Management has declared five weekly cash distributions of $0.014067 per share each. The payment date for all distributions is July 1, 2015. Shareholders of record must be registered on June 2, June 9, June 16, June 23, and June 30, 2015, to receive the respective payments. A press release detailing this announcement is attached as Exhibit 99.1.
Investor Verification Checklist
- Verify the total annualized yield based on the declared weekly distribution of $0.014067.
- Confirm the record dates (June 2, 9, 16, 23, and 30, 2015) to ensure eligibility for the July 1, 2015 payment.
- Review the attached press release (Exhibit 99.1) for any additional context regarding the source of funds for these distributions.
- Note that this filing does not contain updated revenue or earnings data; refer to the most recent 10-Q or 10-K for operational performance.