CION 10-K: $240.8M Investment Income, $(0.39) EPS Impact

CION reported $240.8 million of investment income for the year and net (decrease) increase in net assets resulting from operations of $(20.6) million, driven by realized and unrealized losses; net investment income after taxes was $93.0 million. The company recorded operating expenses and income taxes of $147.8 million and reported net (decrease) increase in net assets per share resulting from operations of $(0.39) (basic and diluted). Lower short‑term rates (SOFR) and portfolio valuation changes materially influenced revenue and reported results. Financial Highlights Investment income: $240.8 million (primary revenue in Part II, Item 8; declined versus 2024 due to lower SOFR).Operating expenses and income taxes: $147.8 million (includes management fees, subordinated incentive fee and interest expense; interest expense down versus 2024).Net (decrease) increase in net assets resulting from operations: $(20.6) million (loss driven by $39.6 million realized loss and $74.1 million unrealized depreciation).Net investment income after taxes: $93.0 million (core operating income after expenses; down versus $95.9 million in 2024).Net (decrease) increase in net assets per share resulting from operations: $(0.39) per share (basic and diluted). Business Highlights Portfolio composition shift: Continued emphasis on senior secured first‑lien debt, comprising approximately 81% of the portfolio, with increased equity exposure around 18%.Revenue mix & yield: Primary revenue remains floating‑rate interest; gross portfolio yield approximately 9.2%, with interest income sensitive to short‑term rate movements.Liquidity & capital deployment: Maintained cash and short‑term investments and preserved available secured capacity to fund new investments and support distributions.Operational partnerships & management: Continued external management by CIM with valuation oversight and AIM providing operational support services.Distribution policy & share repurchases: Continued regular monthly base distributions and an active share repurchase program operating under a 10b5‑1 plan.Original SEC Filing: CION Investment Corp [ CION ] - 10-K - Mar. 11, 2026DisclaimerThis is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.