CION Investment Corp
For the period ended Sep 30, 2024. Filed Nov 7, 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.
Sep 30, 2024 · Filed Nov 7, 2024
CION$6.30+0.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
| Three Months EndedSeptember 30, · Nine Months EndedSeptember 30, · Year EndedDecember 31, | |||||
|---|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | 2023 | |
| (unaudited) · (unaudited) · (unaudited) · (unaudited) | |||||
| Investment income | |||||
| Non-controlled, non-affiliated investments | |||||
| Interest income | $40,613 | $51,032 | $134,497 | $140,917 | $184,013 |
| Paid-in-kind interest income | 5,526 | 6,608 | 19,811 | 15,736 | 22,317 |
| Fee income | 900 | 2,447 | 6,111 | 4,744 | 7,871 |
| Dividend income | 345 | 82 | 5,484 | 82 | 210 |
| Non-controlled, affiliated investments | |||||
| Interest income | 429 | 1,341 | 4,331 | 5,549 | 7,068 |
| Paid-in-kind interest income | 3,831 | 2,471 | 8,882 | 5,953 | 8,372 |
| Fee income | 2,894 | 35 | 3,598 | 2,432 | 2,432 |
| Dividend income | 89 | 13 | 129 | 3,946 | 3,946 |
| Controlled investments | |||||
| Interest income | 2,991 | 1,413 | 9,386 | 5,304 | 8,090 |
| Paid-in-kind interest income | — | 1,048 | — | 1,048 | 1,050 |
| Fee income | 2,009 | 1,050 | 2,309 | 1,050 | 1,391 |
| Dividend income | — | — | — | 4,250 | 4,250 |
| Total investment income | 59,627 | 67,540 | 194,538 | 191,011 | 251,010 |
| Operating expenses | |||||
| Management fees | 6,854 | 6,741 | 20,559 | 19,963 | 26,856 |
| Administrative services expense | 1,184 | 996 | 3,522 | 2,743 | 3,971 |
| Subordinated incentive fee on income | 4,586 | 6,362 | 16,371 | 17,662 | 22,277 |
| General and administrative | 1,855 | 1,931 | 5,298 | 5,960 | 7,382 |
| Interest expense | 23,551 | 21,757 | 71,626 | 61,533 | 85,556 |
| Total operating expenses | 38,030 | 37,787 | 117,376 | 107,861 | 146,042 |
| Net investment income before taxes | 21,597 | 29,753 | 77,162 | 83,150 | 104,968 |
| Income tax benefit, including excise tax | (21) | (237) | (12) | (114) | (54) |
| Net investment income after taxes | 21,618 | 29,990 | 77,174 | 83,264 | 105,022 |
| Realized and unrealized gains (losses) | |||||
| Net realized gains (losses) on: | |||||
| Non-controlled, non-affiliated investments | 3,938 | (8,123) | (18,984) | (31,576) | (31,927) |
| Non-controlled, affiliated investments | — | — | (7,091) | — | — |
| Controlled investments | — | — | — | — | — |
| Net realized gains (losses) | 3,938 | (8,123) | (26,075) | (31,576) | (31,927) |
| Net change in unrealized (depreciation) appreciation on: | |||||
| Non-controlled, non-affiliated investments | (4,242) | 26,298 | (9,342) | 8,608 | 15,658 |
| Non-controlled, affiliated investments | (7,539) | 559 | 9,417 | (9,136) | (7,335) |
| Controlled investments | (14,154) | (1,251) | (22,730) | (6,838) | 13,896 |
| Net change in unrealized (depreciation) appreciation | (25,935) | 25,606 | (22,655) | (7,366) | 22,219 |
| Net realized and unrealized (losses) gains | (21,997) | 17,483 | (48,730) | (38,942) | (9,708) |
| Net (decrease) increase in net assets resulting from operations | $(379) | $47,473 | $28,444 | $44,322 | $95,314 |
| Per share information—basic and diluted | |||||
| Net (decrease) increase in net assets per share resulting from operations | $(0.01) | $0.87 | $0.53 | $0.81 | $1.74 |
| Net investment income per share | $0.40 | $0.55 | $1.44 | $1.52 | $1.92 |
| Weighted average shares of common stock outstanding | 53,439,316 | 54,561,367 | 53,663,884 | 54,817,855 | 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.