CION Investment Corp

For the period ended Dec 31, 2024. Filed Mar 13, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Mar 13, 2025

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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Contents

Consolidated Statements of Operations

	Years Ended December 31,
	2024	2023	2022
Investment income
Non-controlled, non-affiliated investments
Interest income	$165,786	$184,013	$140,560
Paid-in-kind interest income	31,397	22,317	22,737
Fee income	9,865	7,871	9,019
Dividend income	5,855	210	103
Non-controlled, affiliated investments
Interest income	6,426	7,068	5,865
Paid-in-kind interest income	11,692	8,372	6,204
Fee income	3,648	2,432	525
Dividend income	411	3,946	79
Controlled investments
Interest income	12,970	8,090	6,049
Paid-in-kind interest income	—	1,050	2,482
Fee income	4,382	1,391	—
Dividend income	—	4,250	1,275
Total investment income	252,432	251,010	194,898
Operating expenses
Management fees	27,321	26,856	27,361
Administrative services expense	4,783	3,971	3,348
Subordinated incentive fee on income	20,334	22,277	18,710
General and administrative	7,157	7,382	7,278
Interest expense	96,870	85,556	49,624
Total operating expenses	156,465	146,042	106,321
Net investment income before taxes	95,967	104,968	88,577
Income tax expense (benefit), including excise tax	107	(54)	372
Net investment income after taxes	95,860	105,022	88,205
Realized and unrealized (losses) gains
Net realized losses on:
Non-controlled, non-affiliated investments	(24,367)	(31,927)	(11,217)
Non-controlled, affiliated investments	(3,946)	—	(21,530)
Foreign currency	—	—	(3)
Net realized losses	(28,313)	(31,927)	(32,750)
Net change in unrealized (depreciation) appreciation on:
Non-controlled, non-affiliated investments	(8,218)	15,658	(19,807)
Non-controlled, affiliated investments	5,059	(7,335)	13,523
Controlled investments	(30,486)	13,896	970
Net change in unrealized (depreciation) appreciation	(33,645)	22,219	(5,314)
Net realized and unrealized losses	(61,958)	(9,708)	(38,064)
Net increase in net assets resulting from operations	$33,902	$95,314	$50,141
Per share information—basic and diluted
Net increase in net assets per share resulting from operations	$0.63	$1.74	$0.89
Net investment income per share	$1.79	$1.92	$1.56
Weighted average shares of common stock outstanding	53,564,788	54,685,327	56,556,510

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.