Cion Investment Corp. ( (CION) ) has released its Q4 earnings. Here is a breakdown of the information Cion Investment Corp. presented to its investors.
CION Investment Corporation is a publicly listed business development company that primarily focuses on senior secured loans to U.S. middle-market companies, aiming to generate current income and capital appreciation for investors. In its latest earnings report, CION Investment Corporation announced a net investment income of $1.79 per share for the year 2024, alongside total shareholder distributions of $1.52 per share. The company declared a first-quarter 2025 base distribution of $0.36 per share, reflecting its commitment to returning value to shareholders.
Key financial highlights from the fourth quarter of 2024 include a net investment income of $0.35 per share and earnings per share of $0.10. The company’s net asset value per share decreased slightly to $15.43, primarily due to mark-to-market price adjustments. CION’s investment portfolio, valued at $1.82 billion, comprises 105 portfolio companies across 24 industries, with a significant portion in senior secured loans.
During the quarter, CION made new investment commitments totaling $100 million and repurchased 170,617 shares of its common stock. The company also completed a public baby bond offering, issuing $172.5 million of unsecured notes. Additionally, CION entered a new senior secured credit facility with UBS, reducing its interest rate on advances.
Looking ahead, CION’s management remains optimistic about the company’s ability to generate attractive yields for investors, despite challenges such as competition and fluctuating interest rates. The company continues to focus on its unique investment strategy and strong track record of shareholder returns.
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