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CION Investment Corp ( (CION) ) just unveiled an update.
CION Investment Corporation announced the calculation of interest for its bondholders, effective from November 30, 2024, to February 27, 2025. The interest rate is determined by a weighted average of SOFR rates and a margin rate, resulting in a total interest rate of 2.02704%. This announcement is significant for stakeholders as it impacts the expected returns on their bonds, potentially influencing investment decisions and market perceptions.
More about CION Investment Corp
CION Investment Corporation, incorporated under the laws of Maryland, USA, functions as a foreign private issuer under U.S. Securities Laws. The company is involved in investment activities and financial services, with a focus on providing returns through strategic bond offerings and financial instruments.
YTD Price Performance: 1.66%
Average Trading Volume: 268,137
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $619.7M
See more insights into CION stock on TipRanks’ Stock Analysis page.
