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Stock impact report

CION Investment Corporation Reports First Quarter 2024 Financial Results [Yahoo! Finance]

CION Investment Corporation (CION) 
Company Research Source: Yahoo! Finance
NEW YORK, May 09, 2024 BUSINESS WIRE )--CION Investment Corporation (NYSE: CION) ("CION" or the "Company") today reported financial results for the first quarter ended March 31, 2024 and filed its Form 10-Q with the U.S. Securities and Exchange Commission. CION also announced that, on May 6, 2024, its co-chief executive officers declared a second quarter 2024 base distribution of $0.36 per share, payable on June 17, 2024 to shareholders of record as of June 3, 2024, which is an increase of $0.02 per share, or 5.9%, from the $0.34 per share base distribution paid by the Company during the first quarter of 2024. FIRST QUARTER AND OTHER HIGHLIGHTS Net investment income and earnings per share for the quarter ended March 31, 2024 were $0.60 per share and $0.12 per share, respectively; Net asset value per share was $16.05 as of March 31, 2024 compared to $16.23 as of December 31, 2023, a decrease of $0.18 per share, or 1.1%. The decrease was primarily due to mark-to-market price de Show less Read more
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