CION INVESTMENT CORPORATION (NYSE:CION)
Performance
Prudent Management,
Competitive Yield*
13.89%
Current Distribution Yield1
25%
Discount To NAV2
0.015%
Annualized Loss Rate Since Inception3
* Past performance does not guarantee future results, which may vary.
- Current distribution yield is calculated as trailing 12 month distributions paid as of September 27, 2024, divided by the closing market share price as of September 27, 2024. There is no guarantee distributions will continue at the current level, if at all.
- Market price as of June 28, 2024 and NAV as of June 30, 2024.
- The loss rate is calculated by CION based on operations since December 2012 (inception) as the aggregate investment cost at write-off, less (i) any economic benefit realized during the loan (interest and fees) and (ii) any economic recovery, divided by the total invested capital. This rate is presented on an annualized basis and, with rounding, is approximately zero percent since CION’s inception. Also, this rate is presented to demonstrate CION’s investment portfolio characteristics and does not reflect the investment performance experienced by a CION investor.
CION’s Distributions Outperforms BDC Peers1
As of 6-30-2024
Past performance does not guarantee future results, which may vary. The value of investments and the income derived from investments will fluctuate and can go down as well as up. A loss of principal may occur. Distributions may not continue at the current level, if at all.
*Distribution Yield is calculated as trailing 12 month quarterly distributions declared as of June 30, 2024, divided by market share price as of June 28, 2024.
History of Value Creation
Data derived from CION’s public SEC filings encompassing June 30, 2014 – June 30, 2024.
- CION’s BDC Peers consist of 13 externally managed, publicly-traded BDCs with a senior secured focus and a market capitalization between approximately $4.157bn and $647mm as of June 28, 2024.The peer group consists of: Bain Capital Specialty Finance Inc. (BCSF), Barings BDC Inc. (BBDC), BlackRock TCP Capital Corp. (TCPC), Carlyle Secured Lending, Inc. (CGBD), Crescent Capital BDC, Inc. (CCAP), Goldman Sachs BDC Inc. (GSBD), Golub Capital BDC Inc. (GBDC), New Mountain Finance Corporation (NMFC), MidCap Financial Investment Corp. (MFIC), Oaktree Specialty Lending Corp. (OCSL), PennantPark Floating Rate Capital Ltd. (PFLT), SLR Investment Corp. (SLRC), and Sixth Street Specialty Lending Inc. (TSLX).