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Add as a preferred source on GoogleCION Investment’s Total Investment Income Tops Estimates as GAAP NII Misses
Third-quarter total investment income fell 38.6% year over year. Net asset value per share declined 2.7% between June 30 and Sept. 30.
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
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.