CION Investment Q2 net asset value per share rises 3.5%

CION Investment

06/08/2026 13:09

Overview
U.S. business development company's Q2 net asset value per share rose, driven by equity price gains
Q2 earnings per share reached $0.62, net investment income per share rose to $0.29
Company increased share repurchase program by $50 mln, repurchased $8 mln in shares during quarter

Outlook
CION declares base distributions of $0.10 per share for October, November and December 2026

Result Drivers
EQUITY PRICE GAINS - Co said mark-to-market price increases in certain equity investments drove rise in net asset value per share
PURCHASE DISCOUNTS - Co said higher amortization of purchase discounts from opportunistic investment purchases contributed to increased investment income
LOWER OPERATING EXPENSES - Co attributed decrease in operating expenses to lower interest expense from reduced average debt and lower general and administrative expenses

Company press release: ID:nBw7VFVkGa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales & Repayments
 
$157 mln
 
Q2 EPS
 
$0.62
 
Q2 Investments Fair Value
 
$1.65 bln
 
Q2 Net Asset Value Per Share
 
$13.57
 
Q2 Operating Expenses
 
$35.62 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the investment management & fund operators peer group is "buy."
Wall Street's median 12-month price target for Cion Investment Corp is $9.25, about 48.5% above its August 5 closing price of $6.23

Reuters Recommended Reads
Aug 6 - MidCap Financial Q2 NAV falls 3.2% on credit losses
Aug 6 - FS KKR Capital Q2 net loss per share narrows
Aug 5 - TriplePoint Venture Growth Q2 net investment income falls on higher interest costs

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)