CION Investment Q3 net asset value falls 2.7% after deleveraging
CION•CION Investment reported Q3 net investment income of $0.25 per share and a net loss of $0.07 per share. Net asset value per share fell 2.7% to $13.20, mainly due to realized losses and distributions, as the company completed its deleveraging strategy.
1. Q3 results
CION Investment reported Q3 net investment income of $0.25 per share and a net loss of $0.07 per share. Net asset value per share fell 2.7% from the prior quarter to $13.20, mainly due to realized losses and distributions.
2. Deleveraging and outlook
The company said lower earnings and investment income were driven mainly by deliberate debt reduction, asset sales to a new senior loan joint venture and a smaller portfolio. Operating expenses rose to $35.98 million, partly due to legal fees for investment restructuring and joint venture formation. CION declared Q1 2027 base distributions totaling $0.25 per share and said portfolio performance remains stable heading into 2027.
