Form 8-K - Current report
September 07 2023 - 10:09AM
Edgar (US Regulatory)
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2023-09-07
2023-09-07
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event
reported): September 7, 2023
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.) |
|
100 Park Avenue, 25th Floor
New York, New York 10017 |
|
|
(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 |
Common stock, par value $0.001 per share |
|
CION |
|
The New York Stock Exchange |
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 7.01. Regulation
FD Disclosure.
On September
7, 2023, CĪON Investment Corporation (“CION”) issued a press release announcing a one-year extension to CION’s
existing $60 million share repurchase program. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated
by reference herein.
The
information disclosed under this Item 7.01, including Exhibit 99.1 hereto, is being “furnished” and shall not be deemed “filed”
by CION for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise
subject to the liabilities of that section, and shall not be deemed incorporated by reference into any filing under the Securities Act
of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 9.01.
Financial Statements and Exhibits.
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: |
September 7, 2023 |
By: /s/ Michael A. Reisner |
|
|
Co-Chief Executive Officer |
EXHIBIT LIST
EXHIBIT
NUMBER |
|
DESCRIPTION |
Exhibit 99.1
CION Investment Corporation
Announces Extension of Existing $60 Million Share Repurchase Program
NEW YORK, NY, September 7, 2023 - CION Investment
Corporation (NYSE: CION) (“CION”) today announced a one-year extension to its existing $60 million share repurchase program
through August 29, 2024, under which CION will continue to support the trading of its common shares and seek to drive long-term shareholder
value.
The share repurchase program authorizes CION
to repurchase up to $60 million of its common shares, of which approximately $37.0 million remains available. CION had repurchased a
total of approximately 2,325,622 of its common shares for an aggregate purchase price of approximately $22.0 million from the commencement
of the share repurchase program on August 17, 2022 through June 30, 2023.
Repurchases under CION's share repurchase
program may be made either in the open market or through private transactions, including under CION’s Rule 10b5-1 trading plan,
subject to market conditions and applicable legal requirements. CION has no obligation to repurchase shares, and the share repurchase
program may be suspended or discontinued by CION at any time.
ABOUT CION INVESTMENT CORPORATION
CION Investment Corporation is a leading
publicly listed business development company that had approximately $1.8 billion in assets as of June 30, 2023. CION seeks to generate
current income and, to a lesser extent, capital appreciation for investors by focusing primarily on senior secured loans to U.S. middle-market
companies. CION is advised by CION Investment Management, LLC, a registered investment adviser and an affiliate of CION. For more information,
please visit www.cionbdc.com.
OTHER INFORMATION
The information in this press release is
summary information only and should be read in conjunction with CION’s Current Report on Form 8-K, which CION filed with the SEC
on September 7, 2023, as well as CION’s other reports filed with the SEC. A copy of CION’s Current Report on Form 8-K and
CION’s other reports filed with the SEC can be found on CION’s website at www.cionbdc.com and the
SEC’s website at www.sec.gov.
Media
Susan Armstrong
sarmstrong@cioninvestments.com
Investor Relations
1-800-343-3736
Analysts and Institutional Investors
James
Carbonara
Hayden IR
(646)-755-7412
James@haydenir.com
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