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CION Investment Corp ( (CION) ) has provided an announcement.
CION Investment Corporation announced a special year-end distribution of $0.05 per share, contributing to a total distribution of $1.52 per share for 2024. The special distribution reflects the company’s successful income generation from its portfolio, and CION’s management believes their strategic focus on first-lien investments and disciplined capital deployment will continue to offer attractive returns for shareholders.
More about CION Investment Corp
CION Investment Corporation is a publicly listed business development company with approximately $1.9 billion in total assets as of September 30, 2024. The company primarily focuses on generating current income and some capital appreciation by investing mainly in senior secured loans to U.S. middle-market companies. CION is advised by CION Investment Management, LLC, a registered investment adviser and affiliate of CION.
YTD Price Performance: 16.83%
Average Trading Volume: 231,000
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $620.8M
Learn more about CION stock on TipRanks’ Stock Analysis page.
