CION Investment Corp 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed on June 17, 2014, reporting an event that occurred on June 13, 2014. The filing pertains to CION Investment Corporation, a Maryland-based investment company.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. The primary financial data disclosed relates to shareholder distributions:
- Distribution Declaration: Five weekly cash distributions declared.
- Amount Per Share: $0.014067 per distribution.
- Total Declared Amount: $0.070335 per share (5 x $0.014067).
- Payment Date: July 30, 2014.
- Record Dates: July 1, July 8, July 15, July 22, and July 29, 2014.
Material Changes
The filing does not disclose material changes in operations or financial condition compared to prior periods, other than the declaration of the specific weekly distributions noted above.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, risk factors, or discussion of contingencies. It strictly reports the board's declaration of distributions and references an attached press release (Exhibit 99.1).
Key Facts for Investor Verification
- Verify the total number of outstanding shares to calculate the aggregate cash outflow for the declared distributions.
- Confirm the record dates (July 1–29, 2014) to ensure eligibility for the July 30, 2014 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 financial performance data (revenue, net income, or balance sheet items).