CION Investment (CION)
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CION Investment (CION) - 2021 Q2 - Quarterly Report
2021-08-12 16:00
[PART I - FINANCIAL INFORMATION](index=4&type=section&id=PART%20I%20-%20FINANCIAL%20INFORMATION) [Financial Statements](index=4&type=section&id=Item%201.%20Financial%20Statements) This section presents CĪON Investment Corporation's unaudited consolidated financial statements as of June 30, 2021, reflecting increased total assets and net assets due to investment appreciation [Consolidated Balance Sheets](index=4&type=section&id=Consolidated%20Balance%20Sheets) As of June 30, 2021, total assets increased to **$1.76 billion** from **$1.61 billion** at year-end 2020, primarily due to a rise in the fair value of investments, leading to an increase in total shareholders' equity and NAV per share Consolidated Balance Sheet Highlights (in thousands, except per share data) | Metric | June 30, 2021 (unaudited) | Dec 31, 2020 | | :--- | :--- | :--- | | **Total Investments, at fair value** | $1,724,038 | $1,569,371 | | **Total Assets** | $1,755,314 | $1,614,795 | | **Total Liabilities** | $829,434 | $736,539 | | **Total Shareholders' Equity** | $925,880 | $878,256 | | **Net Asset Value per Share** | $8.17 | $7.75 | [Consolidated Statements of Operations](index=5&type=section&id=Consolidated%20Statements%20of%20Operations) Net assets from operations increased to **$28.0 million** in Q2 2021, driven by higher net investment income and positive gains, reversing a prior-year decrease for the six-month period Key Operating Results (in thousands, except per share data) | Metric | Q2 2021 | Q2 2020 | 6 Months 2021 | 6 Months 2020 | | :--- | :--- | :--- | :--- | :--- | | **Total Investment Income** | $38,021 | $35,808 | $74,324 | $81,556 | | **Total Operating Expenses** | $19,335 | $21,892 | $38,039 | $45,979 | | **Net Investment Income** | $18,686 | $13,916 | $36,285 | $35,577 | | **Net Realized/Unrealized Gains (Losses)** | $9,283 | $2,671 | $41,398 | $(124,902) | | **Net Increase (Decrease) in Net Assets** | $27,969 | $16,587 | $77,683 | $(89,325) | | **Net Increase (Decrease) in Net Assets per Share** | $0.25 | $0.15 | $0.68 | $(0.79) | [Consolidated Statements of Changes in Net Assets](index=6&type=section&id=Consolidated%20Statements%20of%20Changes%20in%20Net%20Assets) For the six months ended June 30, 2021, net assets increased by **$47.6 million** to reach **$925.9 million**, primarily driven by a **$77.7 million** net increase from operations, partially offset by distributions to shareholders Changes in Net Assets for the Six Months Ended June 30, 2021 (in thousands) | Description | Amount | | :--- | :--- | | **Net Assets at beginning of period** | $878,256 | | Net increase from operations | $77,683 | | Distributions to shareholders | $(30,029) | | Net decrease from capital share transactions | $(30) | | **Net Assets at end of period** | **$925,880** | [Consolidated Statements of Cash Flows](index=7&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) For the six months ended June 30, 2021, net cash used in operating activities was **$63.0 million**, while net cash provided by financing activities was **$44.6 million**, resulting in a net decrease in cash of **$18.4 million** Cash Flow Summary for the Six Months Ended June 30, 2021 (in thousands) | Activity | Amount | | :--- | :--- | | Net cash (used in) operating activities | $(62,975) | | Net cash provided by financing activities | $44,557 | | **Net (decrease) in cash** | **$(18,418)** | | Cash, beginning of period | $19,914 | | **Cash, end of period** | **$1,496** | [Consolidated Schedules of Investments](index=8&type=section&id=Consolidated%20Schedules%20of%20Investments) As of June 30, 2021, the company's **$1.72 billion** investment portfolio is diversified across debt and equity, heavily weighted towards Senior Secured First Lien Debt and various industries Portfolio Composition by Investment Type (June 30, 2021) | Investment Type | Fair Value (in thousands) | % of Total Investments | | :--- | :--- | :--- | | Senior Secured First Lien Debt | $1,407,224 | 81.6% | | Senior Secured Second Lien Debt | $141,710 | 8.2% | | Equity | $107,017 | 6.2% | | Collateralized Securities | $14,095 | 0.8% | | Unsecured Debt | $5,508 | 0.3% | | Short Term Investments | $48,484 | 2.8% | | **Total Investments** | **$1,724,038** | **100.0%** | - The company holds investments in affiliated companies (owning **5% to 25%** of voting securities) with a total fair value of **$152.4 million** as of June 30, 2021, up from **$116.9 million** at year-end 2020[43](index=43&type=chunk) - As of June 30, 2021, several investments contained a Paid-in-Kind (PIK) interest provision, allowing the issuer to make interest payments with additional securities instead of cash[48](index=48&type=chunk)[49](index=49&type=chunk) [Notes to Consolidated Financial Statements](index=29&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) This section details the company's accounting policies and financial results, covering BDC organization, investment valuation, share repurchases, related-party transactions, and financing - The company is an externally managed BDC with an investment objective to generate current income and capital appreciation, primarily through investments in senior secured debt of U.S. middle-market companies[84](index=84&type=chunk)[85](index=85&type=chunk) - The company is managed by CION Investment Management, LLC (CIM), a joint venture with an affiliate of Apollo Global Management, Inc. (Apollo), with AIM providing investment opportunity identification services[86](index=86&type=chunk)[87](index=87&type=chunk)[88](index=88&type=chunk) - The company is pursuing a potential listing of its common stock on the New York Stock Exchange (NYSE) under the symbol "CION", with an amended investment advisory agreement to modify fees upon listing[90](index=90&type=chunk)[93](index=93&type=chunk) - The fair value of investments is determined quarterly by the board, with most classified as **Level 3** in the fair value hierarchy, requiring significant management judgment and estimation[110](index=110&type=chunk)[112](index=112&type=chunk)[117](index=117&type=chunk) - The company's share repurchase program was temporarily suspended commencing with **Q3 2021** in anticipation of the potential NYSE listing, expected to provide enhanced liquidity for shareholders[152](index=152&type=chunk) - As of June 30, 2021, the company had total unfunded commitments of **$80.3 million** to various portfolio companies, intended to be funded from available cash and borrowings[303](index=303&type=chunk)[305](index=305&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=61&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses Q2 2021 financial performance, highlighting increased net investment income, portfolio growth, and liquidity, while monitoring COVID-19 impacts and managing unfunded commitments - The company's investment portfolio primarily consists of senior secured debt in private U.S. middle-market companies, generally with an annual EBITDA of **$75 million** or less[321](index=321&type=chunk)[329](index=329&type=chunk) - Management continues to monitor the impact of COVID-19, acknowledging potential negative effects on portfolio companies' operating results and the company's financial condition despite improved market conditions[332](index=332&type=chunk)[334](index=334&type=chunk) Portfolio Activity (in thousands) | Period | Purchases & Drawdowns | Sales & Repayments | Net Activity | | :--- | :--- | :--- | :--- | | **Q2 2021** | $222,098 | $(96,828) | $125,270 | | **Q2 2020** | $25,872 | $(74,851) | $(48,979) | - As of June 30, 2021, **87.5%** of the investment portfolio consisted of floating-rate investments, while **6.6%** were fixed-rate[338](index=338&type=chunk) - The investment portfolio's quality improved, with **82.8%** of investments rated 1 or 2 (indicating stable or favorable risk) as of June 30, 2021, compared to **78.7%** at year-end 2020[344](index=344&type=chunk) - The increase in net investment income for **Q2 2021** compared to **Q2 2020** was primarily due to higher investment income, lower interest expense, and a reduction in investments on non-accrual status (**0.4%** vs **3.0%**)[348](index=348&type=chunk)[352](index=352&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=76&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company's primary market risk is interest rate fluctuations, with **87.5%** of investments and key credit facilities being variable-rate, and a **200 bps** rate increase projected to boost net interest income - The company's primary market risk is from changes in interest rates, as **87.5%** of its investments and its main credit facilities have variable rates[407](index=407&type=chunk)[408](index=408&type=chunk) Interest Rate Sensitivity Analysis (as of June 30, 2021) | Basis Point Change | (Decrease) Increase in Net Interest Income (in thousands) | % Change in Net Interest Income | | :--- | :--- | :--- | | Up 50 bps | $(1,875) | (1.8)% | | Up 100 bps | $(2,224) | (2.2)% | | Up 200 bps | $5,069 | 5.0% | | Up 300 bps | $13,255 | 13.0% | [Controls and Procedures](index=76&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that the company's disclosure controls and procedures were effective as of June 30, 2021, with no material changes to internal control over financial reporting during Q2 2021 - Management concluded that the company's disclosure controls and procedures were effective as of the end of the quarterly period ended June 30, 2021[411](index=411&type=chunk) - No changes in internal control over financial reporting occurred during the quarter that have materially affected, or are reasonably likely to materially affect, internal controls[414](index=414&type=chunk) [PART II – OTHER INFORMATION](index=78&type=section&id=PART%20II%20%E2%80%93%20OTHER%20INFORMATION) [Legal Proceedings](index=78&type=section&id=Item%201.%20Legal%20Proceedings) The company is not currently subject to any material legal proceedings, nor is it aware of any material legal proceedings being threatened against it - The company reports no material legal proceedings as of the filing date[417](index=417&type=chunk) [Risk Factors](index=78&type=section&id=Item%201A.%20Risk%20Factors) There have been no material changes from the risk factors previously disclosed in the company's Annual Report on Form 10-K for the year ended December 31, 2020 - No material changes to risk factors were reported for the quarter[418](index=418&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=78&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company did not engage in any unregistered sales of equity securities during Q2 2021, but repurchased **640,277** shares in June 2021 at an average price of **$8.07** per share, with the program now suspended Share Repurchases in Q2 2021 | Period | Total Shares Purchased | Average Price Paid per Share | | :--- | :--- | :--- | | April 2021 | — | $— | | May 2021 | — | $— | | June 2021 | 640,277 | $8.07 | | **Total Q2 2021** | **640,277** | **$8.07** | - The share repurchase program was suspended commencing with the **third quarter of 2021** in anticipation of the potential NYSE listing[420](index=420&type=chunk) [Defaults Upon Senior Securities](index=78&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) Not applicable [Mine Safety Disclosures](index=78&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) Not applicable [Other Information](index=78&type=section&id=Item%205.%20Other%20Information) Not applicable [Exhibits](index=79&type=section&id=Item%206.%20Exhibits) This section lists all exhibits filed with the Form 10-Q, including various agreements such as the Amended and Restated Investment Advisory Agreement, credit and loan agreements, and certifications by the company's officers
CION Investment (CION) - 2021 Q1 - Quarterly Report
2021-05-13 16:00
PART I - FINANCIAL INFORMATION [Financial Statements](index=4&type=section&id=Item%201.%20Financial%20Statements) For the quarter ended March 31, 2021, the company reported a net increase in net assets from operations of $49.7 million, a significant turnaround from a net decrease of $105.9 million in the same period of 2020, driven by unrealized appreciation on investments [Consolidated Balance Sheets](index=4&type=section&id=Consolidated%20Balance%20Sheets) As of March 31, 2021, total assets increased to $1.68 billion from $1.61 billion, primarily due to increased investment fair value, leading to total shareholders' equity of $912.9 million and a net asset value per share of $8.06 Consolidated Balance Sheet Summary (in thousands) | Metric | March 31, 2021 (unaudited) | December 31, 2020 | | :--- | :--- | :--- | | **Total Investments, at fair value** | **$1,621,641** | **$1,569,371** | | Total Assets | $1,681,280 | $1,614,795 | | Total Liabilities | $768,338 | $736,539 | | **Total Shareholders' Equity** | **$912,942** | **$878,256** | | **Net Asset Value Per Share** | **$8.06** | **$7.75** | [Consolidated Statements of Operations](index=5&type=section&id=Consolidated%20Statements%20of%20Operations) Despite lower investment income, a significant positive swing in unrealized gains led to a net increase in net assets of $49.7 million for Q1 2021, a reversal from a $105.9 million net decrease in Q1 2020 Consolidated Statement of Operations Summary (in thousands, except per share data) | Metric | Three Months Ended March 31, 2021 (unaudited) | Three Months Ended March 31, 2020 (unaudited) | | :--- | :--- | :--- | | Total Investment Income | $36,303 | $45,748 | | Total Operating Expenses | $18,704 | $24,087 | | **Net Investment Income** | **$17,599** | **$21,661** | | Net Realized and Unrealized Gains (Losses) | $32,115 | ($127,573) | | **Net Increase (Decrease) in Net Assets** | **$49,714** | **($105,912)** | | **Net Increase (Decrease) in Net Assets Per Share** | **$0.44** | **($0.93)** | [Consolidated Statements of Changes in Net Assets](index=6&type=section&id=Consolidated%20Statements%20of%20Changes%20in%20Net%20Assets) Net assets increased by $34.7 million during Q1 2021 to $912.9 million, driven by a $49.7 million net gain from operations, partially offset by $15.0 million in shareholder distributions Changes in Net Assets for the Three Months Ended March 31, 2021 (in thousands) | Description | Amount | | :--- | :--- | | Net Assets at Beginning of Period | $878,256 | | Net Increase from Operations | $49,714 | | Distributions to Shareholders | ($15,029) | | Net Increase from Capital Share Transactions | $1 | | **Net Assets at End of Period** | **$912,942** | [Consolidated Statements of Cash Flows](index=7&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) Net cash provided by operating activities was $1.1 million, while net cash used in financing activities was $19.4 million, resulting in a net decrease in cash of $18.3 million for Q1 2021 Cash Flow Summary for the Three Months Ended March 31, 2021 (in thousands) | Activity | Amount | | :--- | :--- | | Net Cash Provided by Operating Activities | $1,149 | | Net Cash Used in Financing Activities | ($19,422) | | **Net Decrease in Cash** | **($18,273)** | | Cash at Beginning of Period | $19,914 | | **Cash at End of Period** | **$1,641** | [Consolidated Schedules of Investments](index=8&type=section&id=Consolidated%20Schedules%20of%20Investments) The total investment portfolio's fair value grew to $1.62 billion, with 81.8% concentrated in senior secured first lien debt and significant exposure to Healthcare & Pharmaceuticals and Business Services Investment Portfolio Composition by Type (as of March 31, 2021) | Investment Type | Fair Value (in thousands) | Percentage of Portfolio | | :--- | :--- | :--- | | Senior secured first lien debt | $1,255,426 | 81.8% | | Senior secured second lien debt | $154,626 | 10.1% | | Equity | $104,663 | 6.8% | | Other | $19,333 | 1.3% | | **Subtotal** | **$1,534,048** | **100.0%** | | Short term investments | $87,593 | N/A | | **Total Investments** | **$1,621,641** | **N/A** | Top 5 Industry Concentrations by Fair Value (as of March 31, 2021) | Industry | Fair Value (in thousands) | Percentage of Portfolio | | :--- | :--- | :--- | | Healthcare & Pharmaceuticals | $287,329 | 18.7% | | Services: Business | $212,278 | 13.8% | | Chemicals, Plastics & Rubber | $124,555 | 8.1% | | Media: Diversified & Production | $113,208 | 7.4% | | Media: Advertising, Printing & Publishing | $108,664 | 7.1% | [Notes to Consolidated Financial Statements](index=29&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) The notes detail accounting policies, share transactions, related-party dealings, financing, and investment valuations, highlighting the issuance of $125 million in senior unsecured notes and increased unfunded commitments - In Q1 2021, the company repurchased **675,440 shares** for **$5.3 million** under its share repurchase program[144](index=144&type=chunk)[154](index=154&type=chunk) - The CION SOF joint venture was fully wound down in Q1 2021, with final cash distributions made on March 19, 2021[194](index=194&type=chunk) - In February 2021, the company issued **$125 million** of **4.50% senior unsecured notes** due 2026, using the proceeds to repay secured debt[219](index=219&type=chunk) - Unfunded commitments increased significantly from **$43.1 million** at year-end 2020 to **$75.7 million** as of March 31, 2021[282](index=282&type=chunk) - Subsequent to the quarter end, on April 14, 2021, the company entered into a new **$30 million unsecured term loan agreement** maturing in September 2024 with a **5.20% interest rate**[290](index=290&type=chunk)[291](index=291&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=58&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management attributes Q1 2021's improved results to positive investment fair value impacts from tightening credit spreads and increased equity multiples, despite lower investment income due to reduced LIBOR rates and portfolio size - The net increase in net assets of **$49.7 million** in Q1 2021 was primarily driven by a **$36.2 million net change in unrealized appreciation**, a stark contrast to the **$123.4 million in unrealized depreciation** in Q1 2020, which was impacted by the onset of the COVID-19 pandemic[337](index=337&type=chunk) - Investment income decreased from **$45.7 million** in Q1 2020 to **$36.3 million** in Q1 2021, attributed to a smaller average investment portfolio and lower LIBOR rates[330](index=330&type=chunk) Investment Portfolio Rating by Fair Value | Investment Rating | March 31, 2021 (%) | December 31, 2020 (%) | | :--- | :--- | :--- | | 1 (Least Risk) | 3.5% | 0.2% | | 2 (Similar Risk) | 77.1% | 78.5% | | 3 (Increased Risk) | 18.8% | 20.7% | | 4 (Significant Risk) | 0.5% | 0.6% | | 5 (Material Risk) | 0.1% | 0.0% | - The company's total investment return, based on net asset value, was **5.73%** for the three-month period ended March 31, 2021[340](index=340&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=72&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company is primarily exposed to interest rate risk, with 85.1% of investments having variable rates, and a 100 basis point rate increase would result in a $1.5 million net decrease in annual net interest income - As of March 31, 2021, **85.1%** of the company's investments paid variable interest rates, making its income sensitive to interest rate changes[376](index=376&type=chunk) Interest Rate Sensitivity Analysis (as of March 31, 2021) | Basis Point Change in Interest Rates | (Decrease) Increase in Net Interest Income (in thousands) | Percentage Change in Net Interest Income | | :--- | :--- | :--- | | Up 50 basis points | ($1,662) | (1.7)% | | Up 100 basis points | ($1,478) | (1.5)% | | Up 200 basis points | $5,271 | 5.3% | | Up 300 basis points | $12,727 | 12.8% | [Controls and Procedures](index=72&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that the company's disclosure controls and procedures were effective as of March 31, 2021, with no material changes to internal control over financial reporting during the quarter - The Co-Chief Executive Officers and the Chief Financial Officer concluded that the company's disclosure controls and procedures were effective as of the end of the period covered by the report[380](index=380&type=chunk) - No changes in internal control over financial reporting occurred during the quarter that have materially affected, or are reasonably likely to materially affect, internal controls[383](index=383&type=chunk) PART II – OTHER INFORMATION [Legal Proceedings](index=74&type=section&id=Item%201.%20Legal%20Proceedings) The company is not currently subject to any material legal proceedings, nor is it aware of any material legal proceedings being threatened against it - The company reports no material legal proceedings as of the filing date[386](index=386&type=chunk) [Risk Factors](index=74&type=section&id=Item%201A.%20Risk%20Factors) There have been no material changes to the risk factors previously disclosed in the company's Annual Report on Form 10-K for the year ended December 31, 2020 - No material changes from the risk factors disclosed in the Annual Report on Form 10-K for the year ended December 31, 2020 have been reported[387](index=387&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=74&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company did not engage in any unregistered sales of equity securities during Q1 2021 but repurchased 675,440 shares of common stock at an average price of $7.83 per share Share Repurchases for Q1 2021 | Period | Total Number of Shares Purchased | Average Price Paid per Share | | :--- | :--- | :--- | | March 1 to March 31, 2021 | 675,440 | $7.83 | | **Total Q1 2021** | **675,440** | **$7.83** | [Defaults Upon Senior Securities](index=74&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) The company reported no defaults upon its senior securities during the period [Mine Safety Disclosures](index=74&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) Not applicable [Other Information](index=74&type=section&id=Item%205.%20Other%20Information) Not applicable [Exhibits](index=75&type=section&id=Item%206.%20Exhibits) This section lists all exhibits filed with the Form 10-Q, including various agreements related to financing, investment advisory services, and officer certifications
CION Investment (CION) - 2020 Q4 - Annual Report
2021-03-15 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K [x] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 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 000-54755 CĪON Investment Corporation (Exact name of registrant as specified in its charter) | --- | --- | --- | --- | |-- ...
CION Investment (CION) - 2020 Q3 - Quarterly Report
2020-11-16 21:24
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q [x] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 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 000-54755 CĪON Investment Corporation (Exact name of registrant as specified in its charter) | --- | --- | --- | ...
CION Investment (CION) - 2020 Q2 - Quarterly Report
2020-08-13 20:54
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 None Not applicable Not applicable FORM 10-Q [x] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 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 000-54755 CĪON Investment Corporation (Exact name of registrant as specified in its ...
CION Investment (CION) - 2020 Q1 - Quarterly Report
2020-05-15 20:58
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q [x] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 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 000-54755 CĪON Investment Corporation (Exact name of registrant as specified in its charter) | --- | --- | --- | |--- ...
CION Investment (CION) - 2019 Q4 - Annual Report
2020-03-16 22:11
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K [x] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 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 000-54755 CĪON Investment Corporation (Exact name of registrant as specified in its charter) Maryland 45-3058280 | --- | - ...
CION Investment (CION) - 2019 Q3 - Quarterly Report
2019-11-12 22:39
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q [x] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2019 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 000-54755 CĪON Investment Corporation (Exact name of registrant as specified in its charter) | --- | --- | --- | ...
CION Investment (CION) - 2019 Q2 - Quarterly Report
2019-08-09 20:05
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 None Not applicable Not applicable FORM 10-Q [x] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2019 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 000-54755 CĪON Investment Corporation (Exact name of registrant as specified in its ...
CION Investment (CION) - 2019 Q1 - Quarterly Report
2019-05-10 20:21
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q [x] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2019 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 000-54755 CĪON Investment Corporation (Exact name of registrant as specified in its charter) | --- | --- | |--------- ...