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 February 16, 2021. The filing pertains to the declaration of regular monthly cash distributions for the month of March 2021.
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.
- Monthly Cash Distribution: $0.04413 per share
- Payment Date: March 24, 2021
- Record Date: March 23, 2021
Material Changes
The filing does not disclose material changes in operations or financial condition compared to prior periods. It solely announces the routine declaration of the 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 of common stock 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 record date (March 23, 2021) to ensure eligibility for the March 2021 distribution.
- Confirm the payment date (March 24, 2021) for cash receipt or share issuance.
- Review the attached Press Release (Exhibit 99.1) for any additional context regarding the distribution calculation.
- Check the company's quarterly reports (10-Q/10-K) for comprehensive financial performance data not included in this 8-K.