Dividend Cut Alert: Bad News For BDCs [Seeking Alpha]
CION Investment Corporation (CION)
Company Research
Source: Seeking Alpha
13 Likes Samuel Smith Investing Group Leader Follow Summary BDCs have outperformed REITs since early 2022 due to rising short-term interest rates and a strong economy, but dynamics shifted in July. With long-term rates declining and recession fears rising, BDCs face dividend cut risk. One BDC recently slashed its dividend aggressively and more are likely to follow. We look at some that are at risk and some that look safer for now. Looking for a portfolio of ideas like this one? Members of High Yield Investor get exclusive access to our subscriber-only portfolios. Learn More » TimAbramowitz Business development companies ( BIZD ) have been on a great run since early 2022 when the Federal Reserve began hiking interest rates. During that period, they have significantly outperformed other high-yield sectors, such as REITs ( VNQ ), by a wide margin. Data by YCharts This makes sense because the economy was on surprisingly strong footing and short-term interest rat
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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
- CION Investment Corporation: 2 Possible Outcomes From Interest Rate Cuts [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