UNLOCK THE POWER OF THE VAULT

CION Investment Corporation Maintains Distribution Rate for April 2017

March 30, 2017

newsalert

CION Investment Corporation Maintains Distribution Rate for April 2017

March 30, 2017 | by James Sprow | Blue Vault

Touch Screen financial symbols

On March 23, 2017, the board of directors of CION Investment Corporation (“CION”), a CION Investments company, declared four regular weekly cash distributions of $0.014067 per share each, which will be paid in April 2017.

Each of the regular weekly cash distributions of $0.014067 per share (an annualized yield of 7.58% based on CION’s current $9.65 per share public offering price) will be paid on April 26, 2017, to shareholders of record on April 4, April 11, April 18, and April 25, 2017.

On March 7, 2017, CION Investment Corporation increased its public offering price from $9.60 per share to $9.65 per share, based on a net offering price of $9.17 per share (net of selling commissions and dealer manager fees), which closely approximates an estimated NAV per share of $9.14. The increase in net offering price became effective on March 8, 2017 and was first applied on subscriptions received from March 1, 2017 through March 7, 2017. 

CION Investment Corporation is an externally managed, non-diversified closed-end management investment company that is regulated as a business development company, or BDC. It is managed by CIM, its affiliate and a registered investment adviser under the Advisers Act.

didyouknow_sponsorfocus-green

Learn more about CION Investment Group on our Sponsor Focus page. 

Click Here

Print Friendly, PDF & Email
Go Back
John E. Moriarty, ChFC
December 2015
February 3, 2016

I have been in the financial services industry for 20 years and our firm provides an education platform that gets clients to “think differently” about their financial picture.  For many years we have communicated to clients the need to diversify their portfolios using alternative asset classes and more specifically, private non-traded investments.  Due diligence on these types of financial vehicles is essential and when I learned about Blue Vault in 2010, our firm immediately began using their material as a tool to build confidence in the minds of our advisors on which alternatives to recommend to clients.  I am impressed with the way Blue Vault continues to add value to their subscribers and I view their publication as a tremendous resource in today’s complex world.