Business Context and Reporting Period
Company: CION Investment Corporation
Filing Type: Form 8-K (Current Report)
Report Date: January 5, 2018
Event Date: January 2, 2018
Context: The filing reports the entry into a material definitive agreement regarding expense support arrangements with its investment adviser.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The document focuses exclusively on a contractual agreement.
Material Changes
- Expense Support Provider Change: CION Investment Management, LLC ("CIM") replaced CION Investment Group, LLC and Apollo Investment Management, L.P. ("AIM") as the expense support provider.
- Agreement Extension: The termination date of the expense support arrangement was extended to December 31, 2018.
- Contractual Continuity: No other material terms of the Third Amended and Restated Expense Support and Conditional Reimbursement Agreement (dated December 14, 2016) were amended.
Outlook, Risks, and Management Commentary
Management Commentary: The agreement was entered into as part of the new and ongoing relationship among CION, CIM, and AIM, consistent with previously disclosed arrangements.
Risks and Contingencies: The filing does not disclose new risks or contingencies beyond the standard terms of the expense support agreement.
Unusual Items: None reported.
Investor Verification Checklist
- Review the full text of the Expense Support and Conditional Reimbursement Agreement filed as Exhibit 10.1 to understand specific reimbursement conditions.
- Verify the impact of the provider change on future operating expense structures.
- Confirm the implications of the extended termination date (December 31, 2018) on the company's long-term cost management strategy.