CION Investment Corporation (CION)

US — Financial Services Sector

Peers: TCPC GLAD PNNT HQL GAIN CCAP ECC CNCK MCI

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Key Metrics & Ratings

symbol CION
Rev/Share 2.5201
Book/Share 0.409
PB 21.5881
Debt/Equity 0.0
CurrentRatio 0.0
ROIC 157.2545

MktCap 456254462.0
FreeCF/Share 1.166
PFCF 7.5153
PE 17.7184
Debt/Assets 0.0
DivYield 0.1744
ROE 0.044

Rating B+
Score 3
Recommendation Neutral
P/E Score 2
DCF Score 5
P/B Score 1
D/E Score 1

Recent Analyst Ratings

Type	Ticker	Analyst Firm	Previous Rating	Current Rating	Previous Price Target	Current Price Target	Date
Downgrade	CION	Wells Fargo	Equal Weight	Underweight	$11	$10	March 17, 2025

News

Worried About BDC Dividends? Consider These 3 For Durable Income

CION, FDUS, GSBD
Published: March 31, 2025 by: Seeking Alpha
Sentiment: Negative

BDC dividend investors, who want to avoid seeing their portfolio current income streams shrink have to be extra careful when picking BDCs. Largely due to unfavorable sector-wide conditions, many BDCs have already cut their dividends (just as I predicted). In my view, there are many more in line.

image for news Worried About BDC Dividends? Consider These 3 For Durable Income

My BDC Portfolio And The Strategy For Alpha Going Forward

ARCC, BIZD, CION, FDUS, KBDC, MSDL, MSIF, NCDL, PBDC, TBIL
Published: March 28, 2025 by: Seeking Alpha
Sentiment: Positive

This is my first BDC portfolio monthly performance review article. The good news is that the portfolio has done its job, outperforming the two BDC benchmarks - PBDC and BIZD. Yet, on an absolute basis, the portfolio is slightly down.

image for news My BDC Portfolio And The Strategy For Alpha Going Forward

Best Income Stocks to Buy for March 21st

CION, FHB, PFLT
Published: March 21, 2025 by: Zacks Investment Research
Sentiment: Positive

CION, PFLT and FHB made it to the Zacks Rank #1 (Strong Buy) income stocks list on March 21, 2025.

image for news Best Income Stocks to Buy for March 21st

All You Need to Know About CION Investment Corporation (CION) Rating Upgrade to Strong Buy

CION
Published: March 19, 2025 by: Zacks Investment Research
Sentiment: Positive

CION Investment Corporation (CION) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

image for news All You Need to Know About CION Investment Corporation (CION) Rating Upgrade to Strong Buy

Best Income Stocks to Buy for March 19th

CION, PSTL, THFF
Published: March 19, 2025 by: Zacks Investment Research
Sentiment: Positive

CION, PSTL and THFF made it to the Zacks Rank #1 (Strong Buy) income stocks list on March 19, 2025.

image for news Best Income Stocks to Buy for March 19th

The Moment Of Truth For BDC Dividend Investors Is Close

ARCC, BXSL, CION, GSBD, KBDC, MAIN, MSDL, MSIF, NCDL, OCSL, PNNT, TCPC, TPVG, WHF
Published: March 11, 2025 by: Seeking Alpha
Sentiment: Negative

As a structural BDC bull I have to admit that the period of BDCs consistently surprising us on the upside has come to an end. Many lower quality BDCs have already cut their dividends to sync their cash flows with less favorable private credit lending environment. I would say that the moment of truth for high quality BDCs is also very close, where we will see how really durable their base dividends are.

image for news The Moment Of Truth For BDC Dividend Investors Is Close

CION Investment Corporation Enters Into a New Three-Year $125 Million Loan Agreement With UBS

CION
Published: February 19, 2025 by: Business Wire
Sentiment: Neutral

NEW YORK--(BUSINESS WIRE)--CION Investment Corporation (NYSE: CION) (“CION”) announced today that it has terminated its existing senior secured repurchase facility with UBS AG, London Branch (“UBS”) and simultaneously entered into a new senior secured credit facility with UBS. Under the new $125 million senior secured credit facility, the credit spread on the floating interest rate payable by CION on all advances was reduced by 45 basis points, from the three-month Secured Overnight Financing R.

image for news CION Investment Corporation Enters Into a New Three-Year $125 Million Loan Agreement With UBS

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About CION Investment Corporation (CION)

IPO Date 2021-10-05
Website https://www.cionbdc.com
Industry Asset Management
CEO Michael A. Reisner
Employees None

CION Investment Corporation is a business development company. It specializes in investments in senior secured loans, including unitranche loans, First Lien, second lien loans, long-term subordinated loans, and mezzanine loans; equity interests such as warrants or options; and corporate bonds; and other debt securities in middle-market companies. The firm invests in growth capital, acquisitions, leveraged buyouts, market/product expansion, refinancing and recapitalization. The fund also invests up to 30 percent of their assets opportunistically in other types of investments, including the securities of larger public companies and foreign securities. It also makes investments in the secondary loan market. The fund does not invest in start-up companies, turnaround situations, or companies with speculative business plans. The fund prefers to invest in high tech industries, healthcare, pharmaceuticals, business services, media, chemicals, plastic, rubber, telecommunication, consumer services, advertising, printing and publishing, consumer goods, durables, diversified financials, and other industries. It also invests in homebuilding, restaurants, beverage and tobacco bars, broadcasting, distributors, Non-durable good distribution, food beverage and tobacco, energy, oil gas and consumables fuels, insurance, aerospace and defense, industrial machinery, paper and forest product machinery, information technology, metals and mining, and real estate. It primarily seeks to invest in the United States. The fund seeks to invest between $5 million and $50 million in companies with an EBITDA between $25 million and $75 million with average targeted hold of $25 million. It also purchases minority interests in the form of common or preferred equity in the target companies, typically in conjunction with its debt investments or through a co-investment with a financial sponsor. The fund seeks to exit its investments through an initial public offering of common stock, a merger, a sale, or other recapitalization.