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CĪON Investment launches tender offer for common shares

CĪON Investment Corp. is offering to purchase shares of its common stock for cash at a price equal to the estimated net asset value per share as of March 25.

The company has filed a tender offer statement to purchase up to the lesser of 4,264,066.54 of its issued and outstanding common shares and the number of shares it can buy back with the proceeds it has received from the issuance of common shares under its distribution reinvestment plan.

The offer will expire at 5 p.m. ET on March 20, unless extended.