CION Investment Corp 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed on December 7, 2021, reporting an event that occurred on December 6, 2021. CION Investment Corporation (CION) is a Maryland corporation trading on the New York Stock Exchange under the symbol "CION". The filing addresses the finalization of a special cash distribution to shareholders for the fiscal year ending December 31, 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 declaration of a special cash distribution.
- Special Cash Distribution: $0.20 per share.
- Record Date: December 16, 2021.
- Payment Date: December 23, 2021.
Material Changes
On September 15, 2021, management announced an expected special cash distribution range of $0.14 to $0.20 per share. On December 6, 2021, the co-chief executive officers approved the distribution at the maximum end of the previously announced range ($0.20 per share). This represents a finalization of the payout amount rather than a change in operational performance metrics.
Guidance, Outlook, and Risks
The filing confirms the Board's delegation of authority to executive officers to determine distribution terms, subject to quarterly ratification. The information provided is "furnished" and not deemed "filed" for liability purposes under Section 18 of the Exchange Act. No specific forward-looking guidance, risk factors, or contingencies regarding future operations are detailed in this specific report beyond the distribution announcement.
Investor Verification Checklist
- Verify the record date (December 16, 2021) to confirm eligibility for the $0.20 per share distribution.
- Confirm the payment date of December 23, 2021, for cash flow planning.
- Review the attached press release (Exhibit 99.1) for any additional context on the source of funds for the special distribution.
- Note that this filing does not contain audited financial results; refer to the most recent 10-K or 10-Q for full financial performance data.