CION Investment Corp 2025年季度报告

FORM10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period endedMarch31, 2025 OR ☐TRANSITION REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number000-54755 CĪON Investment Corporation (Exact name of registrant as specified in its charter) 45-3058280(I.R.S. Employer (212)418-4700 (Registrant’s telephone number, including area code) (Former name, former address and former fiscal year, if changed since lastreport) Securities registered pursuant to Section12(b) of the Act: Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)of the Securities ExchangeAct of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)has been subjectto such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required tosubmit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and"emerging growth company" in Rule 12b-2 of the Exchange Act. Large accelerated filer☐Accelerated filer☒Non-accelerated filer☐Smaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complyingwith any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act). Yes☐No☒ The number of shares of the registrant’s common stock, $0.001 par value, outstanding as of April30, 2025 was52,687,464. CĪON INVESTMENT CORPORATIONFORM 10-QTABLE OF CONTENTS PART I - FINANCIAL INFORMATIONItem 1. Financial StatementsConsolidated Balance SheetsConsolidated Statements of OperationsConsolidated Statements ofShareholders' EquityConsolidated Statements of Cash FlowsConsolidated Schedules of InvestmentsNotes to Consolidated Financial StatementsItem 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsItem 3. Quantitative and Qualitative Disclosures About Market RiskItem 4. Controls and ProceduresPART II – OTHER INFORMATIONItem 1. Legal ProceedingsItem 1A. Risk FactorsItem 2. Unregistered Sales of Equity Securities and Use of ProceedsItem 3. Defaults Upon Senior SecuritiesItem 4. Mine Safety DisclosuresItem5. Other InformationItem6. ExhibitsSignatures PART I – FINANCIAL INFORMATION CĪON Investment CorporationConsolidated Balance Sheets(in thousands, except share and per share amounts) Financing arrangements (net of unamortized debt issuance costs of $17,568and $18,156, respectively)$1,099,776$1,099,187Payable for investments purchased1,8961,019Accounts payable and accrued expenses9901,034Interest payable6,4758,244Accrued management fees6,6256,761Accrued subordinated incentive fee on income4,0843,964Accrued administrative services expense5442,006Shareholder distribution payable19,1492,663Share repurchases payable—40Total liabilities1,139,5391,124,918 Operating activities: CĪON Investment CorporationConsolidated Schedule of Investments (unaudited)March 31, 2025(in thousands) CĪON Investment CorporationConsolidated Schedule of Investments (unaudited)March 31, 2025(in thousands) CĪON Investment CorporationConsolidated Schedule of Investments (unaudited)March 31, 2025(in thousands) CĪON Investment CorporationConsolidated Schedule of Investments (unaudited)March 31, 2025(in thousands) CĪON Investment CorporationConsolidated Schedule of Investments (unaudited)March 31, 2025(in thousands) CĪON Investment CorporationConsolidated Schedule of Investments (unaudited)March 31, 2025(in thousands) CĪON Investment CorporationConsolidated Schedule of Investments (unaudited)March 31, 2025(in thousands) CĪON Investment CorporationConsolidated Schedule of Investments (unaudited)March 31, 2025(in thousands) a.All of the Company’s investments are issued by eligible U.S. portfolio companies, as defined in the Investment Company Act of 1940, as amended, or the 1940Act, except for investments specifically identified as non-qualifying per note h. below. Unless specifically identified in note t. below, investments do not contain apaid-in-kind, or PIK, interest provision. b.The actual Secured Overnight Financing Rate, or SOFR, rate for each loan listed may not be the