CION Investment Corporation: 2 Possible Outcomes From Interest Rate Cuts [Seeking Alpha]
CION Investment Corporation (CION)
Company Research
Source: Seeking Alpha
3.29K Follower s Follow Summary CION Investment Corporation operates as a business development company that generates its earnings through a diverse portfolio of debt investments. CION offers a high dividend yield of 13.8%, making it an excellent option for income-focused investors. Despite potential short-term earnings impact from lower interest rates, CION's focus on first-lien senior secured debt supports long-term portfolio growth. CION's non-accrual rate remains competitive to peers. Non-accruals now sit at 1.36% of fair value. Future interest rate cuts can result in a higher volume of borrowers in the market. This can be an opportunity for CION to grow their portfolio more rapidly. DNY59/E+ via Getty Images Overview When I previously covered CION Investment Corporation ( NYSE: CION ) back in May, I issued a strong buy rating because of the massive discount to NAV pricing that, I felt, wasn't deserved. Unfortunately, my confidence has not resulted in much of
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CION
News
- CION Investment Corporation Announces Pricing of Public Offering of Unsecured Notes Due 2029 [Yahoo! Finance]Yahoo! Finance
- CION Investment Corporation Announces Pricing of Public Offering of Unsecured Notes Due 2029Business Wire
- CION Investment Corporation Announces the Issuance of Additional $100 Million Floating Rate Senior Unsecured Notes due 2027Business Wire
- CION Investments and GCM Grosvenor Form Strategic Partnership Focused on Developing Private Market Investment SolutionsBusiness Wire
- Dividend Cut Alert: Bad News For BDCs [Seeking Alpha]Seeking Alpha
CION
Sec Filings
- 9/27/24 - Form FWP
- 9/27/24 - Form 497AD
- 9/26/24 - Form 424B2
- CION's page on the SEC website