CION Investment Corp 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed by CION Investment Corporation (CIC) on March 16, 2021. The report pertains to the declaration of regular monthly cash distributions for the month of April 2021.
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.
- Declared Distribution: $0.04413 per share for April 2021.
- Payment Date: April 28, 2021.
- Record Date: April 27, 2021.
Material Changes
The filing does not disclose material changes in operations or financial condition compared to prior periods. It solely reports the routine declaration of a monthly distribution.
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 on the payment date instead of cash. No specific guidance, risks, or unusual items were detailed in this report.
Investor Verification Checklist
- Verify the exact distribution amount of $0.04413 per share for April 2021.
- Confirm the record date of April 27, 2021, to ensure eligibility for the payment.
- Check the status of the distribution reinvestment plan for shareholders electing share issuance.
- Note that this filing does not contain updated financial performance data; refer to the most recent 10-Q or 10-K for operational metrics.