Form 424B3 CION Ares Diversified

 

Filed Pursuant to Rule 424(b)(3)

Registration No. 333-271529

 

 

 

CION ARES DIVERSIFIED CREDIT FUND 

 

Supplement dated October 2, 2026

 

To

 

Prospectuses and Statement of Additional Information for Class A Shares,
Class C Shares, Class I Shares, Class L Shares, Class U Shares, Class U-2 Shares
and Class W Shares, each dated April 30, 2026, as supplemented to date

 

This supplement contains information that amends, supplements or modifies certain information contained in the accompanying Prospectuses and Statement of Additional Information of CION Ares Diversified Credit Fund (the “Fund”). This supplement is part of, and should be read in conjunction with, the Prospectuses and Statement of Additional Information. The Prospectuses and Statement of Additional Information have been filed with the U.S. Securities and Exchange Commission and are available free of charge at www.sec.gov or by calling (888) 729-4266. Capitalized terms used in this supplement have the same meanings as in the Prospectuses and Statement of Additional Information, as applicable, unless otherwise stated herein.

 

On October 2, 2026, the Fund entered into an agreement with certain institutional accredited investors to issue and sell, in an offering exempt from registration under the Securities Act of 1933, as amended, (i) 4,000,000 Series M Mandatory Redeemable Preferred Shares, liquidation preference $25.00 per share (“Series M MRP Shares”); and (ii) 2,000,000 Series N Mandatory Redeemable Preferred Shares, liquidation preference $25.00 per share (“Series N MRP Shares” and together with the Series M MRP Shares, the “MRP Shares”), with the sale and purchase of the MRP Shares to occur at two closings. The first closing (with respect to the Series M MRP Shares) was held on October 2, 2026 and resulted in gross proceeds to the Fund of $100 million. The second closing (with respect to the Series N MRP Shares) is currently expected to be held no later than December 2, 2026, subject to the satisfaction of customary closing conditions. Total gross proceeds to the Fund from the MRP Shares following the second closing are anticipated to be $150 million.

 

Please retain this Supplement with your Prospectus and Statement of Additional Information.

 

 

 

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Independence Gold Announces Increase to Private Placement Financing
• Northrim BanCorp, Inc. and PBCO Financial Corporation Announce Shareholder Approvals for Proposed Acquisition
• Illinois Commerce Commission Approves ComEd GRIT Transmission Project in Cook County and DuPage County