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CION Investment Corporation (CION) Increases Share Buyback to $60M

Go back to CION Investment Corporation (CION) Increases Share Buyback to $60M

CION Investment Corporation Announces Expansion of Its Share Repurchase Policy by 20% to up to $60 Million

June 27, 2022 8:00 AM EDT

NEW YORK--(BUSINESS WIRE)-- CION Investment Corporation (NYSE: CION) (CION or the Company) today announced that its Board of Directors, including the independent directors, has increased the amount of shares of common stock that may be repurchased under its existing Share Repurchase Policy (the Policy) by $10 million, or 20%, to up to an aggregate of $60 million. Additionally, CION will enter into a trading plan adopted in accordance with Rule 10b5-1 of the Exchange Act (the 10b5-1 Repurchase Plan) to facilitate repurchases under the Policy during its first available trading window after the final one-third... More