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Posted by
Two Blokes April 23, 2025 -
Filed in
Stock
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16 views
CION Investment Corporation's fundamentals are strong, but weakened dividend coverage and increased non-accruals justify a hold rating, leaning closer to a sell. The BDC's price has fallen by 18% over the last year, offering a high dividend yield of 15.8% but raising sustainability concerns. CION's portfolio is diverse, prioritizing first lien debt, and non-accruals have decreased, but growing PIK interest indicates signs of distress.
