CION Investment Corp 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed on February 19, 2013, reporting events occurring on February 15, 2013. CION Investment Corporation, a Maryland-based investment company, announced the declaration of regular semi-monthly cash distributions by its board of directors.
Key Financial Metrics
The filing discloses specific distribution amounts but does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics within the text of this report.
- Cash Distributions: Two regular semi-monthly distributions of $0.029546 per share each were declared.
- Total Declared Distribution: $0.059092 per share (combined).
- Payment Date: March 1, 2013.
- Record Dates: February 15, 2013 (first distribution) and February 28, 2013 (second distribution).
Material Changes
The filing does not contain comparative financial data or explicit commentary on material changes in operations or financial condition versus prior periods. The primary event is the routine declaration of cash distributions.
Guidance, Outlook, and Risks
The filing text does not provide management guidance, future outlook, risk factors, contingencies, or discussion of unusual items. It references a press release (Exhibit 99.1) for further details but does not include the content of that release.
Investor Verification Checklist
- Verify the total number of shares outstanding to calculate the aggregate cash outflow for the declared distributions.
- Review the attached press release (Exhibit 99.1) for any additional context regarding the company's investment portfolio or performance.
- Confirm the company's ability to fund the March 1, 2013, payment date by reviewing the most recent 10-Q or 10-K for liquidity data.
- Check subsequent filings to ensure the distributions were paid as scheduled.