CION Investment Corp 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed on November 17, 2015, reporting an event that occurred on November 16, 2015. The filing pertains to CION Investment Corporation, a Maryland-based investment company.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. The only specific financial data disclosed is the declaration of cash distributions.
- Distribution Amount: Five weekly cash distributions of $0.014067 per share each.
- Total Declared per Share: $0.070335 (5 x $0.014067).
- Payment Date: December 30, 2015.
- Record Dates: December 1, 8, 15, 22, and 29, 2015.
Material Changes
The filing does not disclose material changes in operations or financial condition compared to prior periods, other than the specific declaration of the weekly distributions.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, risk factors, or discussion of contingencies. It strictly reports the board's declaration of distributions and references an attached press release (Exhibit 99.1).
Investor Verification Checklist
- Verify the total number of shares outstanding to calculate the aggregate cash outflow for the declared distributions.
- Confirm the company's ability to fund the December 30, 2015, payment from available cash or credit facilities.
- Review the attached press release (Exhibit 99.1) for any additional context regarding the distribution policy or portfolio performance.
- Check subsequent filings for confirmation that the distributions were paid as scheduled.