CION Investment Corp
For the period ended Jun 30, 2024. Filed Aug 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 8, 2024
CION$6.30+0.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
| Three Months EndedJune 30, · Six Months EndedJune 30, · Year EndedDecember 31, | |||||
|---|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | 2023 | |
| (unaudited) · (unaudited) · (unaudited) · (unaudited) | |||||
| Investment income | |||||
| Non-controlled, non-affiliated investments | |||||
| Interest income | $38,512 | $47,117 | $93,884 | $89,885 | $184,013 |
| Paid-in-kind interest income | 7,236 | 4,297 | 14,285 | 9,128 | 22,317 |
| Fee income | 1,338 | 1,154 | 5,211 | 2,297 | 7,871 |
| Dividend income | 5,139 | — | 5,139 | — | 210 |
| Non-controlled, affiliated investments | |||||
| Interest income | 2,383 | 1,734 | 3,902 | 4,208 | 7,068 |
| Paid-in-kind interest income | 2,569 | 1,751 | 5,051 | 3,482 | 8,372 |
| Fee income | 704 | 477 | 704 | 2,397 | 2,432 |
| Dividend income | 13 | 52 | 40 | 3,933 | 3,946 |
| Controlled investments | |||||
| Interest income | 3,163 | 1,914 | 6,395 | 3,891 | 8,090 |
| Paid-in-kind interest income | — | — | — | — | 1,050 |
| Fee income | 300 | — | 300 | — | 1,391 |
| Dividend income | — | — | — | 4,250 | 4,250 |
| Total investment income | 61,357 | 58,496 | 134,911 | 123,471 | 251,010 |
| Operating expenses | |||||
| Management fees | 6,841 | 6,546 | 13,705 | 13,222 | 26,856 |
| Administrative services expense | 1,246 | 910 | 2,338 | 1,747 | 3,971 |
| Subordinated incentive fee on income | 4,871 | 4,965 | 11,785 | 11,300 | 22,277 |
| General and administrative | 1,659 | 2,074 | 3,443 | 4,029 | 7,382 |
| Interest expense | 23,773 | 20,467 | 48,075 | 39,776 | 85,556 |
| Total operating expenses | 38,390 | 34,962 | 79,346 | 70,074 | 146,042 |
| Net investment income before taxes | 22,967 | 23,534 | 55,565 | 53,397 | 104,968 |
| Income tax expense (benefit), including excise tax | 4 | 118 | 9 | 123 | (54) |
| Net investment income after taxes | 22,963 | 23,416 | 55,556 | 53,274 | 105,022 |
| Realized and unrealized gains (losses) | |||||
| Net realized losses on: | |||||
| Non-controlled, non-affiliated investments | (13,186) | (18,928) | (22,922) | (23,453) | (31,927) |
| Non-controlled, affiliated investments | (7,091) | — | (7,091) | — | — |
| Controlled investments | — | — | — | — | — |
| Net realized losses | (20,277) | (18,928) | (30,013) | (23,453) | (31,927) |
| Net change in unrealized appreciation (depreciation) on: | |||||
| Non-controlled, non-affiliated investments | 1,417 | 23,396 | (5,100) | (17,690) | 15,658 |
| Non-controlled, affiliated investments | 23,202 | 595 | 16,956 | (9,695) | (7,335) |
| Controlled investments | (4,927) | (585) | (8,576) | (5,587) | 13,896 |
| Net change in unrealized appreciation (depreciation) | 19,692 | 23,406 | 3,280 | (32,972) | 22,219 |
| Net realized and unrealized (losses) gains | (585) | 4,478 | (26,733) | (56,425) | (9,708) |
| Net increase (decrease) in net assets resulting from operations | $22,378 | $27,894 | $28,823 | $(3,151) | $95,314 |
| Per share information—basic and diluted | |||||
| Net increase (decrease) in net assets per share resulting from operations | $0.42 | $0.51 | $0.54 | $(0.06) | $1.74 |
| Net investment income per share | $0.43 | $0.43 | $1.03 | $0.97 | $1.92 |
| Weighted average shares of common stock outstanding | 53,595,624 | 54,788,740 | 53,778,161 | 54,948,225 | 54,685,327 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.