CION Investment Corp Form 8-K Summary
Business Context and Reporting Period
This Current Report (Form 8-K) was filed by CION Investment Corporation on July 19, 2013, covering events that occurred on July 15, 2013. The company is incorporated in Maryland and maintains its principal executive offices in New York, New York.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, or debt metrics. The primary financial disclosure relates to shareholder distributions:
- Distribution Declaration: The Board of Directors declared two regular semi-monthly cash distributions of $0.029867 per share each.
- Payment Date: Both distributions are scheduled for payment on August 1, 2013.
- Record Dates: The first distribution is for shareholders of record on July 15, 2013, and the second for shareholders of record on July 31, 2013.
Material Changes and Corporate Events
The filing reports a significant change in corporate leadership:
- Executive Departure: Michael R. Manley tendered his resignation as General Counsel and Chief Compliance Officer.
- Effective Date: The resignation is effective as of August 9, 2013.
Guidance, Outlook, and Risks
The filing text does not provide management commentary on future guidance, outlook, specific risks, or contingencies beyond the standard disclosure of the distribution and officer departure. A press release dated July 19, 2013, is attached as Exhibit 99.1 but its specific content regarding outlook is not detailed in the body of this report.
Investor Verification Checklist
- Verify the total cash distribution amount per share ($0.059734 combined for the two semi-monthly payments) and confirm eligibility based on the July 15 and July 31 record dates.
- Confirm the status of the General Counsel and Chief Compliance Officer role following Michael R. Manley's resignation effective August 9, 2013, to assess potential operational impacts.
- Review the attached press release (Exhibit 99.1) for any additional context regarding the distribution policy or the executive departure not included in the 8-K text.