0001534254-16-000246.txt : 20160504 0001534254-16-000246.hdr.sgml : 20160504 20160504135654 ACCESSION NUMBER: 0001534254-16-000246 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20160504 ITEM INFORMATION: Results of Operations and Financial Condition FILED AS OF DATE: 20160504 DATE AS OF CHANGE: 20160504 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CION Investment Corp CENTRAL INDEX KEY: 0001534254 IRS NUMBER: 453058280 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 814-00941 FILM NUMBER: 161618616 BUSINESS ADDRESS: STREET 1: 3 PARK AVENUE STREET 2: 36TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10016 BUSINESS PHONE: 212 - 418 - 4700 MAIL ADDRESS: STREET 1: 3 PARK AVENUE STREET 2: 36TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10016 FORMER COMPANY: FORMER CONFORMED NAME: CĪON Investment Corp DATE OF NAME CHANGE: 20111104 8-K 1 body.htm body.htm
 
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): May 4, 2016 (May 3, 2016)
 
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.)
 
  3 Park Avenue, 36th Floor
New York, New York 10016
  
    (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))
 
 
Item 2.02. Results of Operations and Financial Condition.
 
On May 3, 2016, CĪON Investment Corporation ("CĪON") increased its public offering price from $9.65 per share to $9.70 per share, based on a net offering price of $8.73 per share (net of selling commissions and dealer manager fees), which closely approximates an estimated net asset value per share of $8.71.  This increase in the public offering price will become effective on CĪON's May 4, 2016 weekly closing and will be first applied to subscriptions received from April 27, 2016 through May 3, 2016.  In accordance with CĪON's previously disclosed share pricing policy, certain of CĪON's directors determined that an increase in the public offering price per share was warranted following an increase in CĪON's net asset value per share to an amount that exceeds CĪON's then-current net offering price.
 
Although CĪON increased its public offering price on May 3, 2016 from $9.65 per share to $9.70 per share, CĪON will maintain the amount of weekly cash distributions payable to shareholders of $0.014067 per share resulting in an annual distribution rate of 7.54% (based on the $9.70 per share public offering price).
 
                   
   SIGNATURES  
 
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:
May 4, 2016
By: /s/ Michael A. Reisner
    Co-President and Co-Chief Executive Officer