CION Investment: Negative Growth Could Hinder Returns

3D_generator CION Investment (NYSE:CION) performed exceptionally in 2023 given its 32% total return compared to S&P 500 return of 24%. However, 2024 could be a challenging year for the business development company because its net investment income is likely to drop year over year. Moreover, the significant amount of debt maturities in 2024 and 2025 could also negatively impact the company's ability to invest in growth opportunities. Therefore, I maintain my hold rating on CION stock. Dividend Is Stable But ...