0001534254-17-000010.txt : 20170112 0001534254-17-000010.hdr.sgml : 20170112 20170112135622 ACCESSION NUMBER: 0001534254-17-000010 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20170112 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20170112 DATE AS OF CHANGE: 20170112 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: 17524801 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): January 12, 2017
 
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 8.01. Other Events.

On January 12, 2017, CION Investments issued a press release announcing the reduction of the upfront sales load of CĪON Investment Corporation and other related matters.  A copy of the press release announcing the foregoing is attached hereto as Exhibit 99.1 and incorporated by reference herein.
 
Item 9.01. Financial Statements and Exhibits.
 
 
(d)
Exhibits.
 
 
EXHIBIT NUMBER
 
DESCRIPTION
99.1
 
Press Release dated January 12, 2017.
 

                   
   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:
 January 12, 2017
By: /s/ Michael A. Reisner
    Co-President and Co-Chief Executive Officer
 

 
EXHIBIT LIST
 
EXHIBIT NUMBER
 
DESCRIPTION
99.1
 
Press Release dated January 12, 2017.
 
 
EX-99.1 2 ex99-1.htm
Exhibit 99.1

 
CION Investments Announces that its Non-Traded BDC
Reduces Upfront Sales Load

FOR IMMEDIATE RELEASE
----------------------------

NEW YORK, NY (January 12, 2017) CION Investments announced today that its non-traded BDC, CION Investment Corporation ("CIC"), reduced its upfront sales load from 10% to 5%, effective January 4, 2017. As a result, CIC adjusted its public offering price from $10.10 to $9.57 per share, while maintaining the amount of weekly cash distributions to shareholders of $0.014067 per share resulting in an annual distribution yield of 7.65% (based on the current $9.57 per share public offering price).

"Based upon insights from varied influential members of our selling group, including senior broker-dealer executives, due diligence officers and leading producers, we determined that the time was right to adjust CIC's compensation structure to more closely reflect current market realities and to better align compensation with the interests of investors," stated Mark Gatto, co-CEO of CION Investments.

CIC focuses primarily on investing in senior secured loans of private U.S. middle market companies. With approximately $1.5 billion of assets under management, CIC is a leading non-traded BDC that is available in the intermediary channel for individual investors.
About CION Investments
CION Investments is a leading manager of alternative investment solutions that focuses on alternative credit strategies for individual investors.  The firm currently manages CION Investment Corporation, a leading non-traded BDC with approximately $1.5 billion in assets under management, and sponsors, through CION Ares Management, LLC, CION Ares Diversified Credit Fund. CION Investments is headquartered in New York.
### 
 

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