Cion Investment reports Q4 EPS 35c, consensus 35c

Reports net investment income and earnings per share for the quarter ended December 31 were 35c per share and 10c per share, respectively; total investment income for the three months ended December 31 and September 30 was $57.9 M and $59.6M , respectively. The decrease in total investment income was primarily driven by lower SOFR rates on our investments during the three months ended December 31 as compared to the three months ended September 30… Operating expenses for the three months ended December 31 and September 30 were $39.2M and $38M , respectively. The increase in operating expenses was driven by higher interest expense due to an increase in the Company’s total debt outstanding during the quarter ended December 31 partially offset by lower advisory fees paid to CIM due to a decrease in investment income during the quarter ended December 31, 2024 as compared to the quarter ended September 30, 2024. .Net asset value per share was $15.43 as of December 31 compared to $15.73 as of September 30, a decrease of 30c per share, or 1.9%. The decrease was primarily due to mark-to-market price adjustments to the Company’s portfolio during the quarter ended December 31…