{"id":13245,"date":"2017-03-30T15:34:53","date_gmt":"2017-03-30T19:34:53","guid":{"rendered":"https:\/\/qa.bluevaultpartners.com\/?post_type=news&p=13245"},"modified":"2017-03-30T15:36:29","modified_gmt":"2017-03-30T19:36:29","slug":"cion-investment-corporation-maintains-distribution-rate-for-april-2017","status":"publish","type":"post","link":"https:\/\/qa.bluevaultpartners.com\/cion-investment-corporation-maintains-distribution-rate-for-april-2017\/","title":{"rendered":"CION Investment Corporation Maintains Distribution Rate for April 2017"},"content":{"rendered":"
March 30, 2017 | by James Sprow | Blue Vault<\/p>\n
<\/p>\n
On\u00a0March 23, 2017, the board of directors of CION Investment Corporation (\u201cCION\u201d), a CION Investments company, declared four regular weekly cash distributions of $0.014067 per share each, which will be paid in\u00a0April\u00a02017.<\/p>\n
Each of the regular weekly cash distributions of $0.014067 per share\u00a0(an annualized yield of 7.58% based on CION’s current $9.65 per share public offering price) will be paid on\u00a0April 26, 2017, to shareholders of record on\u00a0April 4,\u00a0April\u00a011,\u00a0April\u00a018, and\u00a0April\u00a025, 2017.<\/p>\n
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.\u00a0<\/p>\n
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.<\/p>\n
<\/p>\n
Learn more about CION Investment Group on our Sponsor Focus page.\u00a0<\/em><\/p>\n