Quarterly ResultMay 7, 2026, 08:37 AM
CION Q1 EPS $(0.45), NAV $13.11; Declares Q3 2026 Distributions
AI Summary
CION Investment Corporation reported its first quarter 2026 financial results, with net investment income of $0.25 per share and a net loss of $(0.45) per share. The company's net asset value per share decreased by 4.7% to $13.11 as of March 31, 2026, primarily due to mark-to-market adjustments. CION also declared monthly base distributions of $0.10 per share for July, August, and September 2026, totaling $0.30 for the quarter. Additionally, the company repurchased $9.7 million of its common stock and issued $135 million in new senior unsecured notes.
Key Highlights
- Net investment income per share for Q1 2026 was $0.25.
- Earnings per share for Q1 2026 was $(0.45).
- Net asset value per share was $13.11 as of March 31, 2026, a 4.7% decrease from $13.76.
- Net debt-to-equity ratio increased to 1.62x as of March 31, 2026, from 1.44x.
- Declared monthly base distributions of $0.10 per share for July, August, and September 2026.
- Repurchased 1,116,053 shares of common stock for $9.7 million in Q1 2026.
- Issued $135 million in 7.50% fixed rate senior unsecured notes due 2031.
- Investments on non-accrual status were 1.53% (fair value) and 5.35% (amortized cost).