Cion Investment reports Q1 EPS 36c, consensus 34c

Reports Q1 NAV per share $14.28. The company said, “As we think about this environment, we continue to see opportunities on the direct lending side both in our existing portfolio as well as new transactions, but remain highly selective given our investment capacity and broader market trends. We believe CION‘s dynamic and differentiated investment approach, which we outlined in great detail at our investor day last quarter, allows CION to flex into wherever we see the greatest risk-adjusted returns while still preserving our conservative first lien focus in the middle market.”