CION Investment reported Q2 net increase in net assets from operations of USD 30.98 million, up from USD 27.32 million a year earlier.
Investment income slipped 4.69% to USD 49.79 million, while net investment income after taxes fell 16.28% to USD 14.17 million.
Net realized loss narrowed to USD 17.97 million from USD 32.38 million, while net change in unrealized appreciation eased to USD 34.78 million from USD 42.77 million.
Portfolio fair value totaled USD 1.8 billion at June 30, with senior secured first lien debt at USD 1.3 billion; asset coverage ratio was 157%.
The board lifted the share repurchase authorization to USD 130 million; July 15 issuances included USD 2 million of 7.50% 2029 Notes and USD 28 million of 8.00% 2031 Notes.
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