Group 1: CION Investment Corporation - CION Investment Corporation is a business development company that primarily provides senior secured loans to U.S. middle-market companies [1] - The Zacks Consensus Estimate for its current year earnings has increased by 2.2% over the last 60 days [1] - CION has a Zacks Rank of 1 (Strong Buy) and a dividend yield of 13.8%, compared to the industry average of 10.7% [1] Group 2: Millicom International Cellular - Millicom International Cellular is a leading international operator of cellular telephony services, primarily in emerging markets [2] - The Zacks Consensus Estimate for its next year earnings has increased by 6.1% over the last 60 days [2] - Millicom has a Zacks Rank of 1 (Strong Buy) and a dividend yield of 6.7%, compared to the industry average of 2.7% [3] Group 3: Enbridge - Enbridge is a leading energy infrastructure company [3] - The Zacks Consensus Estimate for its current year earnings has increased by 3.3% over the last 60 days [3] - Enbridge has a Zacks Rank of 1 (Strong Buy) and a dividend yield of 5.8%, compared to the industry average of 4.5% [3]

Group 1 - Roberts Berzins has over a decade of experience in financial management, assisting top-tier corporates in shaping financial strategies and executing large-scale financings [1] - Significant efforts have been made to institutionalize the REIT framework in Latvia to enhance the liquidity of pan-Baltic capital markets [1] - Development of national SOE financing guidelines and frameworks for channeling private capital into affordable housing stock has been a focus [1] Group 2 - Roberts Berzins is a CFA Charterholder and holds an ESG investing certificate, indicating a strong background in investment analysis and sustainable finance [1] - Active involvement in "thought-leadership" activities supports the development of pan-Baltic capital markets, showcasing a commitment to industry advancement [1]

分组1 - CION Investment Corporation reported quarterly earnings of $0.32 per share, missing the Zacks Consensus Estimate of $0.34 per share, and down from $0.43 per share a year ago, representing an earnings surprise of -5.88% [1] - The company posted revenues of $52.24 million for the quarter ended June 2025, missing the Zacks Consensus Estimate by 3.4%, and down from $61.36 million year-over-year [2] - CION Investment Corporation shares have lost about 13.4% since the beginning of the year, while the S&P 500 has gained 7.9% [3] 分组2 - The current consensus EPS estimate for the coming quarter is $0.33 on revenues of $53.35 million, and for the current fiscal year, it is $1.36 on revenues of $216.48 million [7] - The Zacks Industry Rank for Financial - SBIC & Commercial Industry is currently in the bottom 42% of over 250 Zacks industries, indicating potential underperformance compared to the top 50% [8]

Exhibit 99.1 CION INVESTMENT CORPORATION REPORTS SECOND QUARTER 2025 FINANCIAL RESULTS Declares Third Quarter 2025 Base Distribution of $0.36 per Share For Immediate Release NEW YORK, NY, August 7, 2025 — CION Investment Corporation (NYSE: CION) ("CION" or the "Company") today reported financial results for the second quarter ended June 30, 2025 and filed its Form 10-Q with the U.S. Securities and Exchange Commission. CION also announced that, on August 4, 2025, its co-chief executive officers declared a th ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number 814-00941 CĪON Investment Corporation (Exact name of registrant as specified in its charter) Maryland 45-3058280 (State or ...

[Filing Overview](index=1&type=section&id=Form%208-K%20Filing%20Overview) This section provides an overview of the Form 8-K filing, detailing the announcement of Q1 2025 earnings and the included exhibits [Announcement of Q1 2025 Earnings Release Date](index=2&type=section&id=Item%202.02.%20Results%20of%20Operations%20and%20Financial%20Condition.) CĪON Investment Corporation announced via a press release on April 2, 2025, that it will report its financial results for the first quarter ended March 31, 2025, on May 8, 2025, with a conference call to discuss these results on the same day - The company will report its **Q1 2025 financial results** on **Thursday, May 8, 2025**, prior to the opening of financial markets[4](index=4&type=chunk) - An earnings conference call is scheduled for **11 a.m. Eastern Time** on **May 8, 2025**, to discuss the financial results[4](index=4&type=chunk) - This announcement's information is "furnished" rather than "filed" under Section 18 of the Securities Exchange Act of 1934[5](index=5&type=chunk) [Exhibits](index=2&type=section&id=Item%209.01.%20Financial%20Statements%20and%20Exhibits.) The filing includes a press release dated April 2, 2025, detailing the earnings announcement, and the Cover Page Interactive Data File List of Exhibits | Exhibit Number | Description | | :--- | :--- | | 99.1 | Press Release dated April 2, 2025. | | 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |

Group 1 - CION Investment is categorized as a Business Development Company (BDC), which are high-risk, high-yield lenders similar to high-yield bonds and lower-rated CLOs [1] - The performance of BDCs has not been strong in the short term, indicating potential challenges in the current market environment [1] Group 2 - The author emphasizes a methodical approach to investing, focusing on analyzing earnings reports to identify potential growth opportunities [1]

分组1 - CION Investment Corporation reported quarterly earnings of $0.36 per share, missing the Zacks Consensus Estimate of $0.37 per share, and down from $0.60 per share a year ago, representing an earnings surprise of -2.70% [1] - The company posted revenues of $56.07 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 2.80%, and down from $73.55 million year-over-year [2] - CION Investment Corporation shares have declined approximately 14.6% since the beginning of the year, compared to the S&P 500's decline of -4.3% [3] 分组2 - The current consensus EPS estimate for the coming quarter is $0.37 on revenues of $57.29 million, and for the current fiscal year, it is $1.46 on revenues of $228.88 million [7] - The Zacks Industry Rank for Financial - SBIC & Commercial Industry is currently in the bottom 28% of over 250 Zacks industries, indicating potential underperformance compared to the top 50% of ranked industries [8]

Financial Performance - The company declared a quarterly base distribution of $0.36 per share for Q2 2025, payable on June 16, 2025[367]. - Investment income for Q1 2025 was $56,074, down from $73,554 in Q1 2024, primarily due to lower income from restructuring activities and lower SOFR rates[380]. - Operating expenses for Q1 2025 totaled $36,822, a decrease from $40,961 in Q1 2024, driven by lower subordinated incentive fees and interest expenses[382]. - Net investment income after taxes decreased to $19,252 for the three months ended March 31, 2025, down from $32,593 in the same period of 2024, reflecting a decline in investment income[384]. - The net decrease in net assets resulting from operations was $(42,705) for the three months ended March 31, 2025, compared to an increase of $6,445 in the same period of 2024[387]. Investment Portfolio - The total investments as of March 31, 2025, amounted to $1,964,916,000, with a fair value of $1,845,660,000[368]. - The total investment portfolio as of March 31, 2025, was valued at $1,791,684, compared to $1,819,870 as of December 31, 2024[377]. - The company had 104 portfolio companies as of March 31, 2025[368]. - The investment portfolio included 103 portfolio companies as of April 30, 2025[378]. - As of March 31, 2025, senior secured first lien debt constituted 86.9% of the investment portfolio[368]. Investment Activity - For the three months ended March 31, 2025, the company purchased $60,792,000 in senior secured first lien debt, compared to $101,895,000 in the same period of 2024[368]. - The company reported net portfolio activity of $15,465,000 for the three months ended March 31, 2025, compared to a net activity of $(95,985,000) in the same period of 2024[368]. - The fair value of floating interest rate investments was $1,469,869, representing 82.0% of the total investment portfolio as of March 31, 2025[373]. - The net change in unrealized depreciation on investments for Q1 2025 was $(64,251), compared to $(16,412) in Q1 2024[380]. - Net realized gains on investments improved to $2,294 for the three months ended March 31, 2025, compared to a loss of $(9,736) in the same period of 2024, driven by realized gains from the restructuring of certain investments[385]. Interest Rate Sensitivity - As of March 31, 2025, 82.0% of the company's investments paid variable interest rates, indicating a significant exposure to interest rate fluctuations[430]. - The company expects that a rise in interest rates could lead to a substantial increase in net investment income, particularly due to the majority of investments being in variable rate[430]. - The interest rate sensitivity analysis shows that a 300 basis point increase in interest rates could increase net interest income by 18.5%[432]. - Approximately 6.8% of the company's investments paid fixed interest rates as of March 31, 2025, which may lead to fair value declines in a rising interest rate environment[433]. - The Series A Notes bear interest at a floating rate equal to average overnight SOFR plus a credit spread of 3.82% per year, indicating the company's reliance on variable interest rates[431]. Market Conditions - The U.S. inflation rate remains elevated, with potential impacts on the company's portfolio companies' profit margins due to persistent inflationary pressures and market volatility[435]. - Market uncertainty and volatility have been exacerbated by geopolitical tensions and inflation, which could affect the company's investment strategy and performance[435]. Commitments and Financing - As of March 31, 2025, unfunded commitments amounted to $65,130, down from $70,681 as of December 31, 2024[374]. - Cash and short-term investments totaled $61,696 as of March 31, 2025, with $106 million available under secured financing arrangements[392]. - The company has entered into various credit facilities, including the JPM Credit Facility and the 2025 UBS Credit Facility, with specific terms related to interest rates and fees[421][422]. Valuation and Risk - The company has a risk of material error in the calculation of NAV of $0.01 per share or greater, which could affect fair value determinations[416]. - The investment valuation process involves independent valuation firms and management reviews, ensuring oversight and accuracy in fair value assessments[415].

Group 1 - The economic outlook for stocks in 2025 is uncertain due to the President's tariff policy, GDP contraction for the first time in three years, and persistent inflation amid rising recession fears [1] Group 2 - iREIT® offers comprehensive research on various investment vehicles including REITs, mREITs, Preferreds, BDCs, MLPs, ETFs, Builders, and Asset Managers [2] - The iREIT® Tracker provides data on over 250 tickers, including quality scores, buy targets, and trim targets [2] - A new Ratings Tracker called iREIT Buy Zone has been introduced to assist members in screening for value [2]