On January 15, 2014, the board of directors of CION Investment Corporation declared one cash distribution of $0.030100 per share and a second cash distribution of $0.039375 per share. Both distributions will be paid on February 5, 2014, the first to shareholders of record on January 15, 2014 and the second to shareholders of record on February 4, 2014. The second cash distribution of $0.039375 per share includes four additional distribution days through February 4, 2014 in connection with CION's change from semi-monthly to weekly closings on the sale of shares pursuant to its continuous public offering.

In addition, on January 15, 2014, the Board declared three regular weekly cash distributions of $0.013895 per share each. All of the regular weekly cash distributions of $0.013895 per share will be paid on February 26, 2014 to shareholders of record on February 11, February 18 and February 25, 2014.