CION Investment Corporation (NYSE:CION) Q4 2022 Results Conference Call March 16, 2023 11:00 AM ET

Company Participants

Michael Reisner - Co-Chief Executive Officer

Gregg Bresner - President and Chief Investment Officer

Keith Franz - Chief Financial Officer

Conference Call Participants

Finian O'Shea - Wells Fargo

Operator

Thank you. Good morning, and welcome to the CION Investment Corporation's Fourth Quarter and Year Ended December 31, 2022, Earnings Conference Call. An earnings press release was distributed earlier this morning before market opened. A copy of the release, along with the supplemental earnings presentation, is available on the company's website at www.cionbdc.com in the Investor Relations section and should be reviewed in conjunction with the company's Form 10-K filed with the SEC.

As a reminder, this conference call is being recorded for replay purposes. Please note that today's conference call may contain forward-looking statements, which are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described in the company's filings with the SEC.

Speaking on today's call will be Michael Reisner, CION Investment Corporation's Co-Chief Executive Officer; Gregg Bresner, President and Chief Investment Officer; and Keith Franz, Chief Financial Officer.

And with that, I would now like to turn the call over to Michael Reisner. Thank you. Please go ahead, Michael.

Michael Reisner

Thank you, John. Good morning, everyone, and thank you for joining us today. As mentioned, I'm joined today by Gregg and Keith as well as other members of senior management, including my Co-CEO, Mark Gatto. I will start our call today with an overview of our fourth quarter and full year results. Gregg will then review our investment activity during the quarter, and Keith will provide additional detail on our financial results. After Keith's prepared remarks, we will open the call for questions.

As we reported this morning, we had another solid quarter and year, which reflects, we believe, not only higher rates, but our stable credit performance and our focus on first lien loans to middle market companies. We continue to provide our shareholders with strong returns on their investment. As has been the case each quarter for the past year, our fourth quarter net investment income of $0.43 per share outearned the $0.31 per share dividend we declared for the fourth quarter of 2022.