CION Investment Corp 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed on August 17, 2016, reporting events that occurred on August 16, 2016. 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 primary financial disclosure is the declaration of cash distributions.
- Distribution Amount: Four weekly cash distributions of $0.014067 per share each.
- Total Declared Distribution: $0.056268 per share (aggregate of four weekly payments).
- Payment Date: September 28, 2016.
- Record Dates: September 6, September 13, September 20, and September 27, 2016.
Material Changes
The filing does not disclose material changes in operations, financial condition, or results compared to prior periods. It solely announces the board's declaration of the specified weekly distributions.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, outlook, or discussion of risks and contingencies. It references a press release (Exhibit 99.1) for further details but does not include the text of that release within this document.
Investor Verification Checklist
- Verify the total number of shares held to calculate the total distribution amount receivable.
- Confirm the record dates (September 6, 13, 20, and 27, 2016) to ensure eligibility for the respective weekly payments.
- Review the attached press release (Exhibit 99.1) for any additional context regarding the distribution policy or portfolio performance not included in this 8-K.
- Check subsequent filings for confirmation of the actual payment on September 28, 2016.