Earnings Call Summary | CION Investment(CION.US) Q4 2023 Earnings Conference
Earnings Call Summary | CION Investment(CION.US) Q4 2023 Earnings Conference
The following is a summary of the CION Investment Corporation (CION) Q4 2023 Earnings Call Transcript:
以下是CION投資公司(CION)2023年第四季度業績電話會議記錄的摘要:
Financial Performance:
財務業績:
CION Investment Corporation's Q4 net asset value increased by almost 3% quarter-over-quarter and almost 2% year-over-year to $16.23 per share.
Net income was $0.94 per share, which marks an 8% increase quarter-over-quarter.
Net investment income was $0.40 per share and out earned the base dividend.
The net debt to equity ratio was slightly higher at 1.10 times.
Total assets were approximately $2 billion, with net assets of $880 million dollars and total debt outstanding of $1.1 billion.
Operating expenses increased slightly due to increased interest expense under financing arrangements.
Total distributions for 2023 declared were $1.61 per share, marking an increase of 11% year over year.
CION投資公司第四季度的淨資產價值同比增長近3%,同比增長近2%,至每股16.23美元。
每股淨收益爲0.94美元,同比增長8%。
淨投資收益爲每股0.40美元,並獲得了基本股息。
淨負債與權益比率略高,爲1.10倍。
總資產約爲20億美元,淨資產爲8.8億美元,未償債務總額爲11億美元。
由於融資安排下的利息支出增加,運營費用略有增加。
2023年申報的總分配額爲每股1.61美元,同比增長11%。
Business Progress:
業務進展:
The company remains committed to the middle market, believing it offers superior risk-adjusted returns.
CION made $152 million in new investment commitments in Q4 and funded $7 million of previously unfunded commitments.
The company is anticipating an increase in M&A activity in 2024, underpinned by higher interest rates.
Q4 saw successful first lien investments in new platforms and existing portfolio companies.
The company is maintaining a defensive portfolio with a majority of first lien investments and senior secured investments.
The firm ended the quarter in a strong position with over $600 million in unencumbered assets and solid liquidity.
該公司仍然致力於中間市場,認爲中間市場可提供優異的風險調整後回報。
CION在第四季度做出了1.52億美元的新投資承諾,併爲之前沒有資金的700萬美元承諾提供了資金。
該公司預計,在更高的利率的支持下,2024年的併購活動將增加。
第四季度成功地對新平台和現有投資組合公司進行了首次留置權投資。
該公司維持防禦性投資組合,主要是第一留置權投資和高級擔保投資。
該公司在本季度末表現強勁,擁有超過6億美元的未支配資產和穩健的流動性。
More details: CION Investment IR
更多詳情: CION 投資投資者關係
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示:欲了解更多詳情,請訪問投資者關係網站。本文僅供投資者參考,不構成任何投資建議。
譯文內容由第三人軟體翻譯。