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.
For further details see:
CION Had Good Performance In 2022 But Still Trades Well Below Book Value