Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934


Date of Report (Date of earliest event reported): March 25, 2020 (March 19, 2020)


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))


Securities registered pursuant to Section 12(b) of the Act:


Title of each class   Trading symbol(s)   Name of each exchange on which registered
None   Not applicable   Not applicable


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 (“CIC”) has delegated to CIC’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 March 19, 2020, CIC’s co-chief executive officers determined to (i) change the timing of declaring distributions to shareholders from quarterly to monthly; and (ii) temporarily suspend the payment of distributions to shareholders commencing with the month ending April 30, 2020, whether in cash or pursuant to CIC’s distribution reinvestment plan, as amended and restated. Distributions in respect of future months will be reevaluated by management and the Board based on circumstances and expectations existing at the time of consideration.


On March 19, 2020, the Board, including the independent directors, determined to temporarily suspend CIC’s share repurchase program commencing with the second quarter of 2020. Share repurchases for the first quarter of 2020, which offer to repurchase expired on March 20, 2020, will be accepted by CIC and paid to tendering shareholders in accordance with the terms, conditions, and limitations set forth in the applicable share repurchase documentation that CIC filed with the Securities and Exchange Commission on February 14, 2020. Share repurchases for future quarters will be reevaluated by the Board based on circumstances and expectations existing at the time of consideration.









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: March 25, 2020 By: /s/ Michael A. Reisner
    Co-Chief Executive Officer