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EX-99.1 - EXHIBIT 99.1 - CION Investment Corptv497358_ex99-1.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): June 28, 2018 (June 26, 2018)

 

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)  

 

  Not applicable  
   (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))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

 

 

 

Item 2.02. Results of Operations and Financial Condition.

 

The board of directors (the “Board”) of CĪON Investment Corporation (“CĪON”) has delegated to CĪON's executive officers the authority to determine the amount, record dates, payment dates and other terms of distributions to shareholders, which will be ratified by the Board on a quarterly basis.

 

On June 26, 2018, CĪON's co-chief executive officers declared regular weekly cash distributions of $0.014067 per share for July 2018 through September 2018. Each distribution will be paid monthly to shareholders of record as of the weekly record dates set forth below.

 

Record Date Payment Date Distribution Amount Per Share
July 3, 2018 August 1, 2018 $0.014067
July 10, 2018 August 1, 2018 $0.014067
July 17, 2018 August 1, 2018 $0.014067
July 24, 2018 August 1, 2018 $0.014067
July 31, 2018 August 1, 2018 $0.014067
August 7, 2018 August 29, 2018 $0.014067
August 14, 2018 August 29, 2018 $0.014067
August 21, 2018 August 29, 2018 $0.014067
August 28, 2018 August 29, 2018 $0.014067
September 4, 2018 September 26, 2018 $0.014067
September 11, 2018 September 26, 2018 $0.014067
September 18, 2018 September 26, 2018 $0.014067
September 25, 2018 September 26, 2018 $0.014067

 

A copy of the press release announcing the foregoing is attached hereto as Exhibit 99.1 and incorporated by reference herein.

 

Item 8.01. Other Events.

 

On June 27, 2018, CĪON determined that the estimated net asset value of CĪON's common stock as of June 27, 2018 was $9.07 per share.

 

Item 9.01. Financial Statements and Exhibits.

 

(d)Exhibits.

 

EXHIBIT
NUMBER
  DESCRIPTION
99.1   Press Release dated June 28, 2018.

 

 

 

 

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: June 28, 2018 By:  /s/ Michael A. Reisner  
    Co-Chief Executive Officer  

 

 

 

 

EXHIBIT LIST

 

EXHIBIT
NUMBER
  DESCRIPTION
99.1   Press Release dated June 28, 2018.