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 November 17, 2020. The filing pertains to the declaration of regular monthly cash distributions for the month of December 2020.
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.
- Declared Distribution: $0.04413 per share for December 2020.
- Payment Date: December 29, 2020.
- Record Date: December 28, 2020.
Material Changes
The filing does not report material changes in operations, financial condition, or capital structure compared to prior periods. It solely announces 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 of common stock on the payment date instead of cash. No specific guidance, risks, or unusual items were disclosed in this report.
Investor Verification Checklist
- Verify the record date (December 28, 2020) to confirm eligibility for the $0.04413 per share distribution.
- Confirm enrollment status in the distribution reinvestment plan to determine if the payout will be in cash or additional shares.
- Review the attached Press Release (Exhibit 99.1) for any additional context regarding the distribution decision.