CION Investment Corp 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed on December 19, 2019, reporting events occurring on December 18, 2019. CION Investment Corporation (CIC) is a Maryland corporation. The filing addresses the declaration of regular weekly cash distributions and revisions to record and payment dates for the final week of December 2019 and the entire month of December 2019.
Key Financial Metrics
The filing does not provide data on revenue, profit, cash flow, margins, debt, or liquidity. The primary financial metric disclosed is the distribution amount per share.
- Distribution Amount: $0.014067 per share.
- Frequency: Weekly cash distributions.
- Coverage Period: Declared for January 2020 through March 2020, with revised dates for December 2019.
Material Changes
On December 18, 2019, CIC's co-chief executive officers made the following changes:
- Revised the record date for the weekly cash distribution covering the final week of December 2019.
- Revised the payment date for all weekly cash distributions covering the month of December 2019 to December 27, 2019.
- Declared regular weekly cash distributions of $0.014067 per share for the period of January 2020 through March 2020.
Guidance, Outlook, and Management Commentary
The Board of Directors has delegated authority to executive officers to determine distribution terms, subject to quarterly ratification. The filing includes a press release (Exhibit 99.1) announcing these distribution details. No specific forward-looking guidance regarding future earnings or market conditions is provided in this text, nor are there explicit risk factors or contingencies listed beyond the standard operational mechanics of the distribution schedule.
Investor Verification Checklist
- Verify the exact record dates for the December 2019 distributions to ensure eligibility for the December 27, 2019 payment.
- Confirm the total number of shares held to calculate the expected cash payout for the declared period ($0.014067 per share per week).
- Review the attached Press Release (Exhibit 99.1) for any additional context regarding the distribution policy or company performance not detailed in the 8-K text.
- Monitor future filings for the quarterly ratification of these distribution terms by the Board of Directors.