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FSK - CION Had Good Performance In 2022 But Still Trades Well Below Book Value
FS KKR Capital Corp.
Summary
CION Investment Corp. is an externally managed closed-end fund that is regulated as a BDC. It primarily provides senior secured loans to US middle-market companies.
The book value was $16.26 per share as of Sept. 30, 2022.
CION generates a 7.63% dividend yield on book value which equates to a 12.34% dividend yield on the share price because it trades at a big discount to book value.
Some activist firms like Bulldog Investors have money invested in CION.