CION Investment Corp 8-K Summary
Business Context and Reporting Period
This Form 8-K Current Report was filed by CION Investment Corporation (CIC) on May 17, 2021. The filing primarily 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 distribution amount.
- Monthly Cash Distribution: $0.04413 per share for June 2021.
- Record Date: June 29, 2021.
- Payment Date: June 30, 2021.
Material Changes
The filing does not report material changes to operations, financial condition, or capital structure compared to prior periods. It serves as a routine notification of the declared dividend.
Management Commentary and Outlook
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 of common stock on the payment date instead of cash.
Investor Verification Checklist
- Verify the ex-dividend date to ensure eligibility for the June 2021 distribution.
- Confirm enrollment status in the distribution reinvestment plan if cash is not desired.
- Review the attached Press Release (Exhibit 99.1) for any additional context on the distribution declaration.