CION Investment Schedules Third-Quarter Results Call
The business development company said it will report third-quarter results on November 5, 2026, with a conference call at 11:00 a.m. ET.
CION Investment Corporation (CION) said it will report financial results for the third quarter ended September 30, 2026, on Thursday, November 5, 2026, before the opening of the financial markets.
The publicly listed business development company will discuss those results on an earnings conference call at 11:00 a.m. ET that same day. Participants can dial in toll-free at 877-484-6065 in the United States or at +1 201-689-8846 internationally. The company asked participants to join about 10 minutes before the start.
A slide presentation will be available in PDF format in the Investor Resources section of the company’s website after the earnings release is issued. A webcast registration link is provided, and a recording will be made available shortly after the call concludes.
CION is advised by CION Investment Management, LLC, a registered investment adviser and an affiliate of the company. The firm seeks to generate current income and, to a lesser extent, capital appreciation by focusing primarily on senior secured loans to U.S. middle-market companies.
As of June 30, 2026, CION had approximately $1.8 billion in total assets. That June 30 balance matches the asset level cited in the company’s second-quarter scheduling notice as of March 31, 2026.
In the second quarter ended June 30, 2026, net investment income was $0.29 a share and earnings were $0.62 a share. Net asset value per share was $13.57 as of June 30, 2026, compared with $13.11 as of March 31, 2026, an increase of $0.46 a share, or 3.5%. The increase was primarily due to mark-to-market price increases to certain equity investments in the portfolio during the quarter.
As of June 30, 2026, CION had $1.17 billion of total principal amount of debt outstanding, of which 25% was senior secured bank debt and 75% was unsecured debt. The net debt-to-equity ratio was 1.52x as of June 30, 2026, compared with 1.62x as of March 31, 2026.
Total investments at fair value were $1.65 billion in 82 portfolio companies across 23 industries. The portfolio was 79.2% senior secured first lien investments. Investments on non-accrual status amounted to 1.44% of the portfolio at fair value and 4.41% at amortized cost as of June 30, 2026, down from 1.53% and 5.35%, respectively, as of March 31, 2026.
During the second quarter, the company funded new investment commitments of $54 million, funded previously unfunded commitments of $13 million, and had sales and repayments totaling $157 million, resulting in a net decrease to the funded portfolio of $90 million.
On August 3, 2026, co-chief executive officers declared base distributions of $0.10 per share for each of October, November, and December 2026, payable to shareholders of record as of October 16, November 13, and December 11, 2026, respectively.
During the second quarter, CION repurchased 1,099,109 shares under its 10b5-1 trading plan at an average price of $7.28 a share, for a total of $8.0 million. Through June 30, 2026, it had repurchased a total of 7,755,736 shares at an average price of $9.44 a share for $73.2 million.
On July 9 and July 24, 2026, the company repaid about $125 million in aggregate principal amount of borrowings under its JPM Credit Facility. On July 15, 2026, it entered note purchase agreements for up to $10 million of 7.50% senior unsecured notes due 2029 and up to $50 million of 8.00% senior unsecured notes due 2031. The initial closing consisted of $2 million of the 2029 notes and $28 million of the 2031 notes.
On July 30, 2026, the company increased the authorized amount of shares that may be repurchased under its share repurchase policy by $50 million, from up to $80 million to up to $130 million. The board approved that $50 million increase while management continued a deleveraging strategy.
The press release said it may contain forward-looking statements that involve substantial risks and uncertainties, and that those statements speak only as of the date made. The company undertakes no obligation to update those statements except as required by law.