CION Investment Corp 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed on December 18, 2020, reporting events occurring on December 17, 2020. CION Investment Corporation (CIC) is a Maryland corporation reporting under Item 2.02 regarding the declaration of shareholder distributions.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. The primary financial data disclosed relates to per-share distribution amounts:
- Regular Monthly Distribution: $0.04413 per share for January 2021.
- Special Cash Distribution: $0.15180 per share for the year ending December 31, 2020.
Material Changes
The filing does not disclose material changes to operations or financial condition compared to prior periods. It specifically announces a one-time special distribution in addition to the regular monthly distribution schedule.
Guidance, Outlook, and Management Commentary
Management has delegated authority to executive officers to determine distribution terms, subject to quarterly Board ratification. No forward-looking guidance on revenue or earnings is provided in this report. The filing notes that shareholders enrolled in the distribution reinvestment plan will receive additional shares instead of cash for both the regular and special distributions.
Important Facts for Investors to Verify
- Payment Dates: Verify the special distribution payment date of December 22, 2020, and the regular January distribution payment date of January 27, 2021.
- Record Dates: Confirm eligibility based on the December 21, 2020 record date for the special distribution and the January 26, 2021 record date for the regular distribution.
- Total Payout: Calculate the total cash return for the period by combining the special distribution ($0.15180) with the regular monthly distribution ($0.04413).
- Reinvestment Plan: Confirm if the investor is enrolled in the distribution reinvestment plan, as this affects whether cash or shares are received.