Key Highlights

  • CION declared base distributions of $0.10 per share for each of October, November and December 2026.
  • The October distribution is payable on October 30, 2026, to shareholders of record on October 16.
  • Second-quarter net investment income was $0.29 per share, and net asset value per share was $13.57 at June 30, 2026.
  • The board increased the share repurchase authorization by $50 million, to up to $130 million, on July 30, 2026.

CION Investment Corporation (NYSE:CION), a business development company, declared base distributions of $0.10 per share for each of October, November and December 2026. The October payment, due on October 30, goes to shareholders of record on October 16. The distributions were declared on August 3, 2026, and second-quarter net investment income was $0.29 per share.

Dividend Program and Shareholder Returns

The board declared base distributions of $0.10 per share for each of the three months ending December 2026. The October distribution has a record date of October 16 and a payment date of October 30. The November distribution has a record date of November 13 and a payment date of November 27. The December distribution has a record date of December 11 and a payment date of December 28.

All three are base distributions. They were declared on August 3, 2026, and none is described as supplemental.

The company also returns capital through share repurchases. In the second quarter it bought back 1,099,109 shares at an average price of $7.28, for a total of $8.0 million. Through June 30, 2026, repurchases under its program totaled 7,755,736 shares at an average of $9.44, or $73.2 million.

About the Company

CION Investment Corporation is a business development company listed on the New York Stock Exchange. At June 30, 2026, its portfolio stood at $1.645 billion at fair value, excluding short-term investments, across 82 portfolio companies. First lien senior secured investments made up 79.2% of the portfolio, and 87.0% of performing loans carried a floating rate.

Financial Performance Behind the Payout

Total investment income for the second quarter of 2026 was $49.8 million. Net investment income was $14.2 million, or $0.29 per share. Earnings per share, which include realized and unrealized results, were $0.62.

Net realized losses were $18.0 million, and net unrealized gains were $34.8 million. Net assets were $667.8 million. Net asset value per share was $13.57 at June 30, 2026, compared with $13.11 at March 31.

Total debt principal was $1.17 billion, and net debt-to-equity was 1.52x, compared with 1.62x at March 31. Non-accruals were 1.44% of the portfolio at fair value and 4.41% at amortized cost. The weighted-average yield on debt and other income-producing investments was 10.57% at amortized cost.

Buybacks, Debt Repayment and New Notes

Three actions after quarter-end sit alongside the distribution schedule. On July 9 and July 24, 2026, CION repaid about $125 million of principal under its JPM credit facility.

On July 15, 2026, it entered into note purchase agreements for 7.50% senior unsecured notes due 2029, in a program of up to $10 million, and 8.00% senior unsecured notes due 2031, in a program of up to $50 million. The initial closing covered $2 million of the 2029 notes and $28 million of the 2031 notes.

On July 30, 2026, the board raised the repurchase authorization from up to $80 million to up to $130 million.

Outlook

CION has declared base distributions of $0.10 per share for each month through December 2026.

Net investment income per share, net asset value, non-accruals, net debt-to-equity and the board’s monthly declarations are the relevant factors for the distribution. Repurchase activity and the repayment of the credit facility are reported in the company’s filings.