be_ixf;ym_202010 d_20; ct_250

CION Investment Corporation

(CLOSED TO NEW INVESTORS)

Estimated NAV*

$7.62

About the Fund

(NO LONGER ACCEPTING NEW SUBSCRIPTIONS.)

CION Investment Corporation (CIC) is a non-traded business development company, or BDC, that focuses on U.S. middle market lending. The fund’s investment objective is to generate current income and, to a lesser extent, capital appreciation. CIC seeks to accomplish its investment objective by managing the portfolio with the intent to reduce portfolio volatility, mitigate downside risk, and reduce portfolio correlation to traded markets.

 

Get to Know CIC

Directly managed by CION Investment Management

Invests primarily in the debt of private U.S. Middle Market companies

Diversified across 130+ portfolio companies in more than 10 industries

Senior Secured Floating Rate debt instruments comprise 92% of the portfolio

Performance

As of June 30, 2020

YTD
-9.47%
SINCE INCEPTION (Cumulative)
48.05%WITHOUT SALES CHARGE
33.24%WITH SALES CHARGE

Total investment return-net asset value is a measure of the change in total value for shareholders who held CIC’s common stock at the beginning and end of the period, including distributions paid or payable during the period. Total investment return-net asset value is presented on a “net” basis and reflects management and incentive fees, offering, organizational and other costs, interest expense on borrowed funds and other related expenses that are borne by investors.

Total investment return-net asset value is based on (i) the beginning period net asset value per share on the first day of the period, (ii) the net asset value per share on the last day of the period of (A) one share plus (B) any fractional shares issued in connection with the reinvestment of monthly distributions, and (iii) the value of distributions payable, if any, on the last day of the period. The total investment return-net asset value calculation assumes that monthly cash distributions are reinvested in accordance with CIC’s distribution reinvestment plan then in effect. The total investment return-net asset value does not consider the effect of the sales charge from the sale of CIC’s common stock. The total investment return-net asset value includes the effect of the issuance of shares at a net offering price that is greater than net asset value per share, which causes an increase in net asset value per share. Total returns covering less than a full year are not annualized.

CIC Growth of $10K Since Inception (Cumulative)

Fund Facts

As of June 30, 2020

NAV
$7.29
CURRENT DISTRIBUTION RATE
N/A**
TOTAL EQUITY RAISED
 $1.15B
CASH FLOW OBJECTIVE
To provide monthly distributions**
TAX REPORTING
Form 1099

Portfolio Characteristics

As of June 30, 20200

Investment Composition1,2

First Lien Senior Secured Debt80.4%

Second Lien Senior Secured Debt12.5%

Equity6.0%

Collateralized Securities & Structured Products - Equity0.8%

Unsecured Debt0.3%

Floating/Fixed Rate Breakdown1

Floating Rate Investments90.3%

Fixed Rate Investments5.5%

Other Income Producing Investments2.2%

Non-Income Producing Equity2.0%

Representative Holdings1,2 % of Portfolio

Foundation Consumer Healthcare, LLC
Industry: Healthcare & Pharmaceuticals
2.58%

Cadence Aerospace, LLC
Industry: Aerospace & Defense
1.95%

Bi-Low, LLC
Industry: Retail
1.22%

Access CIG, LLC
Industry: Services: Business
1.05%

EagleTree-Carbide Acquisition Corp.
Industry: Consumer Goods: Durable
0.97%

GEO Parent Corp.
Industry: Business Services
0.92%

Tenere Inc.
Industry: Capital Equipment
0.88%

American Residential Services LLC
Industry: Construction & Building
0.32%

Allocation by Industry1,2 % of Portfolio

Healthcare & Pharmaceuticals 18.5%

Services: Business 11.3%

Media: Diversified & Production 8.9%

Chemicals, Plastics & Rubber 8.6%

Media: Advertising, Printing & Publishing 7.5%

Services: Consumer 5.4%

High Tech Industries 4.5%

Retail 4.2%

Beverage, Food & Tobacco 4.0%

Telecommunications 4.0%

Other Industries 23.1%

The preceding information summarizes certain CIC holdings as of the date indicated herein. These representative holdings do not provide a complete portfolio overview but just a sampling of holdings. There can be no assurance that CIC’s future capital will be invested in a manner similar to the investments described herein.

1 Data excludes short term investments, which represent an investment in a fund that invests in highly liquid investments with average original maturity dates of three months or less. Percentages represent approximate figures.

2 Information is based on the relative fair value of the underlying portfolio holdings.

Management
Mark Gatto

Co-CEO of CION Investments

Years of Experience: 19

Michael A. Reisner

Co-CEO of CION Investments

Years of Experience: 19

Gregg Bresner

President & Chief Investment Officer of CION Investment Management

Years of Experience: 28

Keith Franz

Managing Director, Chief Financial Officer of CION Investment Management

Years of Experience: 13

Board
Mark Gatto

Co-CEO of CION Investments

Michael Reisner

Co-CEO of CION Investments

Robert Breakstone

President & CEO of Landmark International Group, Inc.

Peter Finlay

Founder & Managing Principal of Ardentis LLC

Aron Schwartz

Managing Director of ACON Investments

Earl Hedin

Co-founder & Managing Partner of Hudson Partners Group LLC

Sign Up for Our Newsletter

Thanks for visiting.
Before you go...

Interested in receiving
monthly content?

Sign-up for The Signal, a monthly rundown of what moves took place in the credit market and our latest educational and thought leadership content.

CION will use the information you provide to be in touch with you and provide updates. Feel free to change your mind at any time by clicking the unsubscribe link the email you receive. We will never share your information and will treat it with respect.

X

Want more content? Sign-up
for our newsletter, The Signal.

Sign-up now

Contact Us

800.435.5697 sales@cioninvestments.com