CION Investment: This BDC Looks Like A Future Superstar But Is It Too Soon To Tell? [Seeking Alpha]
CION Investment Corporation (CION)
Company Research
Source: Seeking Alpha
The company has been defensively positioning its portfolio, with a focus on first-lien investments and a strong Q3 performance. CION has been decreasing its net-debt-to-EBITDA and has strong dividend coverage, but faces risks from a potential recession and declining Nll due to expected rate cuts. Due to their smaller market cap and shorter track record as a publicly traded BDC, I think CION is a hold. Because of their shorter track record, I think the market still has questions about CION, and this could be the reason the BDC trades at more than a 41% discount to its NAV. Introduction With 2023 in the books and the sector ( BIZD ) performing well due to higher interest rates, many may be wondering what 2024 will bring. With interest rates expected to be below 3% this year , many may be wondering how BDCs will fare. In my opinion, prices will likely fall due to some investors rotating out of the sector with the anticipation that their net & total investment income will fall.
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CION
News
- CION Investment: Q4, The Market May Have This One Wrong (Rating Upgrade) [Seeking Alpha]Seeking Alpha
- CION Investment Corporation Schedules 2024 First Quarter Earnings Release and Conference CallBusiness Wire
- CION Investment Corporation Strengthens Leadership Team with the Appointment of Charlie Arestia as Managing Director and Head of Investor Relations [Yahoo! Finance]Yahoo! Finance
- CION Investment Corporation Strengthens Leadership Team with the Appointment of Charlie Arestia as Managing Director and Head of Investor RelationsBusiness Wire
- CION Investment: Negative Growth Could Hinder Returns [Seeking Alpha]Seeking Alpha
CION
Sec Filings
- 4/12/24 - Form N-2
- 4/8/24 - Form 8-K
- 4/5/24 - Form 4
- CION's page on the SEC website