News Column

CION INVESTMENT CORP FILES (8-K) Disclosing Entry into a Material Definitive Agreement, Results of Operations and Financial Condition, Financial Statements and Exhibits

February 20, 2014



Item 1.01. Entry Into a Material Definitive Agreement.

On February 20, 2014, Flatiron Funding, LLC, a wholly-owned financing subsidiary of C?ON Investment Corporation ("C?ON"), entered into a second amended and restated confirmation letter agreement dated February 6, 2014 (the "Second Amended and Restated Confirmation") governing its total return swap (the "TRS") with Citibank, N.A. Pursuant to the Second Amended and Restated Confirmation, the maximum aggregate market value of the portfolio of loans subject to the TRS (determined at the time each such loan becomes subject to the TRS) was increased from $225 million to $275 million. No other material terms were revised in connection with the Second Amended and Restated Confirmation.

The foregoing description of the Second Amended and Restated Confirmation is a summary only and is qualified in all respects to the provisions of the Second Amended and Restated Confirmation, a copy of which is attached hereto as Exhibit 10.1 and incorporated by reference herein.

Item 2.02. Results of Operations and Financial Condition.

On February 14, 2014, the board of directors of C?ON declared four regular weekly cash distributions of $0.014067 per share each. Each distribution will be paid on March 26, 2014, to shareholders of record on March 4, March 11, March 18 and March 25, 2014.

A copy of the press release announcing the foregoing is attached hereto as Exhibit 99.1 and incorporated by reference herein.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits. EXHIBIT NUMBER DESCRIPTION 10.1 Second Amended and Restated Confirmation Letter Agreement, dated February 6, 2014, by and between Flatiron Funding, LLC and Citibank, N.A. 99.1 Press release dated February 20, 2014



--------------------------------------------------------------------------------


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Edgar Glimpses


Story Tools