CĪON Investment Corp 7.50% Notes Due 2029 (CICB)
NYSE · DebtSecurity · CUSIP 17259U303
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Security Details

Coupon Rate
7.50%
Liquidation Preference
$25.00
Call Price
$25.00
Call / Redemption Date
12/30/2026
Maturity Date
12/30/2029
Distribution Period
Q
Rate Type
Fixed
Annual Distribution
1.875
Distribution Dates
3/30, 6/30, 9/30 & 12/30
Credit Ratings
Moody's NR · S&P NR (9/27/2024)
Tax-Advantaged Dividends
No

Security Profile

Security Type
Exchange-Traded Debt Security »
CUSIP
17259U303
IPO
9/26/2024 · $25.00/share
Parent Company
CĪON Investment Corp (CION)
Business: CĪON Investment Corp 7.50% Notes Due 2029 redeemable at the issuer's option on or after 12/30/2026 at $25 per note plus accrued and unpaid interest, and maturing 12/30/2029. <p> Interest distributions of 7.5% per annum ($(1.875 per annum or $0.46875 per quarter) will be paid quarterly on 3/30, 6/30, 9/30 & 12/30 to holders of record on the record date that will be (__) (NOTE: the ex-dividend date is the record date). <p> Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. <p> Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. <p> This security was not rated by Moody’s or S&P at the time of its IPO. This security was rated as BBB by Egan Jones Ratings Co. and BBB by DRBS Morningstar at the date of its IPO. The Notes are unsecured and unsubordinated obligations of the company and will rank equally with all existing and future unsecured and unsubordinated indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.
Notes: The 7.50% Senior Notes were issued on 9/26/2024 and are expected to begin trading on the NYSE within 30 days of their issue date. The shares may start interim trading on the Other OTC market but we are not aware that they have done so to date.

Company Contact

CEO
Mark Gatto
CFO
Keith Franz
Headquarters
3 Park Avenue, 36th Floor, New York, NY 10015
Phone
212-418-4700
Investor Relations
general@cioninvestments.com
SEC EDGAR Filings
View filings »