CION Investment Corp 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed on August 17, 2021, reporting an event that occurred on August 16, 2021. CION Investment Corporation (CIC) is a Maryland corporation. The filing addresses the declaration of regular monthly cash distributions by the company's co-chief executive officers, an action delegated by the Board of Directors.
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 September 2021.
- Record Date: September 13, 2021.
- Payment Date: September 14, 2021.
Material Changes
The filing does not report material changes to operations, financial condition, or capital structure compared to prior periods. It solely announces the routine declaration of the monthly distribution.
Guidance, Outlook, and Management Commentary
Management commentary is limited to the procedural announcement of the distribution. The Board retains the authority to ratify these distributions on a quarterly basis. Shareholders enrolled in the distribution reinvestment plan will receive additional shares instead of cash on the payment date. No forward-looking guidance, risk factors, or contingencies are detailed in this specific report.
Investor Verification Checklist
- Verify the ex-dividend date for the September 2021 distribution (typically two business days prior to the record date of September 13, 2021).
- Confirm enrollment status in the distribution reinvestment plan to determine if cash or shares will be received.
- Review the attached Press Release (Exhibit 99.1) for any additional context regarding the distribution calculation or company performance.