CION Investment Corp 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed on November 2, 2016, reporting events that occurred on November 1, 2016. The filing concerns CION Investment Corporation, a Maryland-based investment company.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses on corporate governance and contractual renewals rather than financial performance data.
Material Changes
The primary event reported is the Board of Directors' approval to renew three key service agreements for a twelve-month period commencing December 17, 2016:
- Investment advisory agreement with CION Investment Management, LLC.
- Investment sub-advisory agreement with Apollo Investment Management, L.P.
- Administration agreement with ICON Capital, LLC.
The approval was granted by a majority of the board, including a majority of directors who are not interested persons.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on market outlook, or discussion of specific risks and contingencies beyond the standard renewal of operational contracts.
Investor Verification Checklist
- Verify the terms and fee structures of the renewed agreements with CION Investment Management, LLC, Apollo Investment Management, L.P., and ICON Capital, LLC.
- Confirm the effective start date of the renewed contracts (December 17, 2016).
- Review the composition of the Board of Directors to confirm the independence of the voting majority.