Quarterly ResultAug 6, 2026, 08:42 AM
CION Q2 EPS $0.62; NAV $13.57; Buyback Program Increased by $50M
AI Summary
CION Investment Corporation reported its second-quarter 2026 financial results, with net investment income of $0.29 per share and earnings per share of $0.62. The company's net asset value per share increased to $13.57, up 3.5% from the previous quarter, primarily due to mark-to-market price increases in equity investments. CION also announced a $50 million increase to its share repurchase program, bringing the total authorization to $130 million, and declared monthly base distributions of $0.10 per share for October, November, and December 2026.
Key Highlights
- Net investment income for Q2 2026 was $0.29 per share.
- Earnings per share for Q2 2026 was $0.62.
- Net asset value per share increased 3.5% to $13.57 as of June 30, 2026.
- Net debt-to-equity ratio improved to 1.52x from 1.62x.
- Non-accrual investments decreased to 1.44% at fair value.
- Share repurchase program increased by $50 million to $130 million.
- Declared Q4 2026 base distributions of $0.10 per share for Oct, Nov, Dec.
- Repurchased 1,099,109 shares for $8.0 million in Q2 2026.
Price Impact
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