CION Investment Corporation Announces Special Year-End 2023 Distribution Of $0.15 Per Share
Portfolio Pulse from Benzinga Newsdesk
CION Investment Corporation (NYSE:CION) has declared a special year-end cash distribution of $0.15 per share for 2023, payable on January 31, 2024. This brings the total distributions for 2023 to $1.61 per share, an 11.0% increase from 2022's $1.45 per share. The distribution yield for 2023 is 15.5%, up from 13.6% in 2022. The increase is attributed to the strong performance of CION's portfolio, with a focus on first lien investments and a diversified portfolio.
December 14, 2023 | 1:04 pm
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CION Investment Corporation announced a special year-end distribution of $0.15 per share, increasing the total 2023 distributions to $1.61 per share, reflecting a strong portfolio performance.
The announcement of a special distribution and an increase in total distributions for the year typically signals strong financial health and performance, which can be positive for investor sentiment and potentially lead to a short-term increase in stock price.
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