CION Investment Corporation is a business development company. It specializes in investments in senior secured loans, including unitranche loans, First Lien, second lien loans, long-term subordinated loans, and mezzanine loans; equity interests such as warrants or options; and corporate bonds; and other debt securities in middle-market companies. The firm invests in growth capital, acquisitions, leveraged buyouts, market/product expansion, refinancing and recapitalization. The fund also invests up to 30 percent of their assets opportunistically in other types of investments, including the securities of larger public companies and foreign securities. It also makes investments in the secondary loan market. The fund does not invest in start-up companies, turnaround situations, or companies with speculative business plans. The fund prefers to invest in high tech industries, healthcare, pharmaceuticals, business services, media, chemicals, plastic, rubber, telecommunication, consumer services, advertising, printing and publishing, consumer goods, durables, diversified financials, and other industries. It also invests in homebuilding, restaurants, beverage and tobacco bars, broadcasting, distributors, Non-durable good distribution, food beverage and tobacco, energy, oil gas and consumables fuels, insurance, aerospace and defense, industrial machinery, paper and forest product machinery, information technology, metals and mining, and real estate. It primarily seeks to invest in the United States. The fund seeks to invest between $5 million and $50 million in companies with an EBITDA between $25 million and $75 million with average targeted hold of $25 million. It also purchases minority interests in the form of common or preferred equity in the target companies, typically in conjunction with its debt investments or through a co-investment with a financial sponsor. The fund seeks to exit its investments through an initial public offering of common stock, a merger, a sale, or other recapitalization. |
Insider Trading |
Relationship |
Date |
Transaction |
Cost |
#Shares |
Value ($) |
#Shares Total |
SEC Form 4 |
BRESNER GREGG A. | President & CIO | May 17 '24 | Buy | 12.51 | 2,000 | 25,020 | 52,099 | May 17 03:19 PM | Reisner Michael A | Co-Chairman & Co-CEO | May 13 '24 | Buy | 12.27 | 407 | 4,994 | 44,160 | May 14 02:30 PM | Pinero Eric A. | Chief Legal Officer | Apr 05 '24 | Buy | 11.11 | 450 | 5,000 | 7,136 | Apr 05 04:01 PM | ROMAN STEPHEN | CCO & Secretary | Apr 01 '24 | Buy | 11.05 | 450 | 4,972 | 9,146 | Apr 01 02:23 PM | Gatto Mark | Co-Chairman & Co-CEO | Mar 27 '24 | Buy | 11.02 | 1,150 | 12,673 | 1,000 | Mar 29 10:55 AM | Reisner Michael A | Co-Chairman & Co-CEO | Mar 25 '24 | Buy | 10.65 | 469 | 4,995 | 43,753 | Mar 26 11:38 AM | BRESNER GREGG A. | President & CIO | Mar 20 '24 | Buy | 10.78 | 4,000 | 43,120 | 50,099 | Mar 21 02:32 PM | FINLAY PETER I. | Director | Nov 27 '23 | Buy | 10.88 | 300 | 3,264 | 2,300 | Nov 27 04:00 PM | Gatto Mark | Co-Chairman & Co-CEO | Nov 16 '23 | Buy | 11.05 | 905 | 10,000 | 42,204 | Nov 17 02:48 PM | Reisner Michael A | Co-Chairman & Co-CEO | Nov 15 '23 | Buy | 11.06 | 434 | 4,800 | 43,284 | Nov 15 03:19 PM | Reisner Michael A | Co-Chairman & Co-CEO | Aug 22 '23 | Buy | 10.89 | 460 | 5,009 | 42,850 | Aug 23 03:44 PM | Franz Keith S | CFO & Treasurer | Jun 01 '23 | Buy | 9.52 | 15,715 | 149,607 | 71,612 | Jun 05 09:52 AM | BRESNER GREGG A. | President & CIO | Jun 01 '23 | Buy | 9.58 | 1,000 | 9,580 | 46,099 | Jun 02 05:00 PM | BRESNER GREGG A. | President & CIO | May 31 '23 | Buy | 9.32 | 1,000 | 9,320 | 45,099 | Jun 02 05:00 PM | BRESNER GREGG A. | President & CIO | May 26 '23 | Buy | 9.90 | 2,000 | 19,800 | 44,099 | May 26 08:00 PM | BRESNER GREGG A. | President & CIO | May 25 '23 | Buy | 9.81 | 1,000 | 9,810 | 42,099 | May 26 08:00 PM | BRESNER GREGG A. | President & CIO | May 24 '23 | Buy | 9.91 | 1,000 | 9,910 | 41,099 | May 26 08:00 PM | Choi Catherine | Director | May 22 '23 | Buy | 9.92 | 2,000 | 19,840 | 2,000 | May 23 08:00 PM |
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