CION Investment Corp
For the period ended Mar 31, 2026. Filed May 7, 2026.
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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.
Mar 31, 2026 · Filed May 7, 2026
CION$6.35+0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Cash Flows
| Three Months EndedMarch 31, · Year EndedDecember 31, | |||
|---|---|---|---|
| 2026 | 2025 | 2025 | |
| (unaudited) · (unaudited) | |||
| Operating activities: | |||
| Net decrease in net assets resulting from operations | $(23,031) | $(42,705) | $(20,631) |
| Adjustments to reconcile net decrease in net assets resulting from operations to net cash (used in) provided by operating activities: | |||
| Net accretion of discount on investments | (1,660) | (1,796) | (25,652) |
| Proceeds from principal repayment of investments | 37,436 | 36,045 | 349,209 |
| Purchase of investments | (65,579) | (64,895) | (263,997) |
| Paid-in-kind interest and dividends capitalized | (11,494) | (12,053) | (52,178) |
| Decrease (increase) in short term investments, net | 18,956 | 14,842 | (47,192) |
| Proceeds from sale of investments | — | 13,385 | 18,517 |
| Net realized (gain) loss on investments | (237) | (2,294) | 39,569 |
| Net change in unrealized depreciation on investments | 36,132 | 64,251 | 74,102 |
| Amortization of debt issuance costs | 2,000 | 1,799 | 7,523 |
| (Increase) decrease in interest receivable on investments | (5,121) | (180) | 481 |
| (Increase) decrease in receivable due on investments sold and repaid | 3,472 | 1,918 | (734) |
| (Increase) decrease in prepaid expenses and other assets | 23 | 232 | (708) |
| Increase (decrease) in payable for investments purchased | 4,107 | 877 | 1,510 |
| Increase (decrease) in accounts payable and accrued expenses | 28 | (44) | (249) |
| Increase (decrease) in interest payable | 2,725 | (1,769) | (2,480) |
| Increase (decrease) in accrued management fees | (319) | (136) | (338) |
| Increase (decrease) in accrued administrative services expense | (810) | (1,462) | 176 |
| Increase (decrease) in subordinated incentive fee on income payable | (1,154) | 120 | (82) |
| Increase (decrease) in share repurchase payable | (27) | (40) | (13) |
| Net cash (used in) provided by operating activities | (4,553) | 6,095 | 76,833 |
| Financing activities: | |||
| Repurchase of common stock | (9,719) | (2,172) | (17,190) |
| Shareholders' distributions paid | (15,242) | (2,663) | (78,024) |
| Repayments under financing arrangements | (100,000) | (20,000) | (170,000) |
| Borrowings under financing arrangements | 135,000 | 20,000 | 192,500 |
| Debt issuance costs paid | (4,397) | (1,210) | (3,630) |
| Net cash provided by (used in) financing activities | 5,642 | (6,045) | (76,344) |
| Net increase in cash | 1,089 | 50 | 489 |
| Cash, beginning of period | 8,159 | 7,670 | 7,670 |
| Cash, end of period | $9,248 | $7,720 | $8,159 |
| Supplemental disclosure of cash flow information: | |||
| Cash paid for interest | $19,901 | $22,968 | $85,442 |
| Supplemental non-cash operating activities: | |||
| Restructuring of portfolio investment | $39,164 | $16,880 | $135,757 |
| Investments received in settlement of fee income | $2,346 | $— | $21,156 |
| Cash interest receivable exchanged for additional securities | $— | $4,266 | $16,676 |
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