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EX-99.1 - CION Investment Corpex99-1.htm



 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.  20549
____________________

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 16, 2013 (May 15, 2013)
 
CĪON Investment Corporation
 (Exact Name of Registrant as Specified in Charter)

Maryland
 
000-54755
 
45-3058280
(State or Other Jurisdiction of Incorporation)
 
(Commission File Number)
 
(I.R.S. Employer Identification No.)

3 Park Avenue, 36th Floor
New York, New York 10016

(Address of Principal Executive Offices)
____________________

(212) 418-4700

(Registrant’s telephone number, including area code)

 (Former name or former address, if changed since last report)
____________________
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
[  ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[  ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[  ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 

 
 

 

Item 2.02.
Results of Operations and Financial Condition.
 
On May 15, 2013, the board of directors of CĪON Investment Corporation (“CĪON”) declared two regular semi-monthly cash distributions payable in June 2013.  Both distributions will be payable on June 3, 2013, the first, in the amount of $0.029721 per share, to shareholders of record as of May 15, 2013, and the second, at the increased rate of $0.029867 per share, to shareholders of record as of May 31, 2013.
 
Due to an increase in CĪON's public offering price approved by the board of directors on May 15, 2013 from $10.19 per share to $10.24 per share, CĪON increased the amount of the semi-monthly cash distribution payable to shareholders of record from $0.029721 per share to $0.029867 per share to maintain its annual distribution yield at 7.00% (based on the $10.24 per share public offering price).  The increase in the public offering price will be effective as of CĪON's May 16, 2013 semi-monthly closing and first applied to subscriptions received from May 1, 2013 through May 15, 2013.
 
A copy of the press release announcing the foregoing is attached hereto as Exhibit 99.1 and incorporated by reference herein.
 
 
Item 9.01.
Financial Statements and Exhibits.

 
(d)
Exhibits.

EXHIBIT NUMBER
 
                                                                  DESCRIPTION
99.1
 
Press release dated May 16, 2013
 
 
 
 

 
 
                                      
   SIGNATURES  
 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
   
 
CĪON Investment Corporation
   
   
   
Date:
May 16, 2013
By: /s/ Michael A. Reisner
    Co-President and Co-Chief Executive Officer

 
 
 

 
 
 
EXHIBIT LIST


EXHIBIT NUMBER
 
                                                                 DESCRIPTION
99.1
 
Press release dated May 16, 2013