CION Investment’s Total Investment Income Tops Estimates as GAAP NII Misses

CION Investment Corporation posted $48.31 million in third-quarter total investment income, beating estimates by $0.18 million, while GAAP net investment income missed estimates and net asset value per share declined. GAAP net investment income was $0.25 per share, $0.04 below estimates. Total investment income fell 38.6% from a year earlier. CION’s net asset value per share was $13.20 on Sept. 30, down $0.37, or 2.7%, from $13.57 on June 30. John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

Source: TokenPost