<SEC-DOCUMENT>0001104659-22-074584.txt : 20220627
<SEC-HEADER>0001104659-22-074584.hdr.sgml : 20220627
<ACCEPTANCE-DATETIME>20220627100819
ACCESSION NUMBER:		0001104659-22-074584
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20220624
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20220627
DATE AS OF CHANGE:		20220627

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CION Investment Corp
		CENTRAL INDEX KEY:			0001534254
		IRS NUMBER:				453058280
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	814-00941
		FILM NUMBER:		221041865

	BUSINESS ADDRESS:	
		STREET 1:		3 PARK AVENUE
		STREET 2:		36TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10016
		BUSINESS PHONE:		212 - 418 - 4700

	MAIL ADDRESS:	
		STREET 1:		3 PARK AVENUE
		STREET 2:		36TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10016

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	C&#298;ON Investment Corp
		DATE OF NAME CHANGE:	20111104
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>tm2219439d1_8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">



<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 12pt; margin-bottom: 3pt"><DIV STYLE="border-top: Black 2pt solid; border-bottom: Black 1pt solid; font-size: 1pt; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>WASHINGTON, D.C.&nbsp;&nbsp;20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin: 0 auto; width: 25%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Pursuant to Section 13 or 15(d) of the</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Securities Exchange Act of 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Date of Report</B> (Date of earliest event
reported):<B>&nbsp;June 27,&nbsp;2022 </B>(June 24, 2022)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 14pt"><B>C&#298;ON
Investment Corporation</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;(Exact Name of Registrant as Specified
in Charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; width: 32%; padding-right: 0.8pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Maryland</B></FONT></TD>
    <TD STYLE="width: 2%; padding-right: 0.8pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 0.8pt; text-align: center; width: 32%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>000-54755</B></FONT></TD>
    <TD STYLE="width: 2%; padding-right: 0.8pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 0.8pt; text-align: center; width: 32%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>45-3058280</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.8pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(State
    or Other Jurisdiction of Incorporation)</FONT></TD>
    <TD STYLE="padding-right: 0.8pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.8pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Commission
    File Number)</FONT></TD>
    <TD STYLE="padding-right: 0.8pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.8pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(I.R.S.
    Employer Identification No.)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: white">
    <TD STYLE="padding-bottom: 1pt; width: 30%; padding-right: 0.8pt; text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: Black 1pt solid; width: 40%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>3 Park Avenue, 36th
        Floor</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>New York, New York
        10016</B></P></TD>
    <TD STYLE="padding-bottom: 1pt; width: 30%; padding-right: 0.8pt; text-align: center">&nbsp;</TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 0.8pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 0.8pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">
    (Address of Principal Executive Offices)</FONT></TD>
    <TD STYLE="padding-right: 0.8pt; text-align: center">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: white">
    <TD STYLE="padding-bottom: 1pt; width: 30%; padding-right: 0.8pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 1pt; width: 40%; padding-right: 0.8pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>(212)
    418-4700</B></FONT></TD>
    <TD STYLE="padding-bottom: 1pt; width: 30%; padding-right: 0.8pt; text-align: center">&nbsp;</TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 0.8pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 0.8pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Registrant&rsquo;s
    telephone number, including area code)</FONT></TD>
    <TD STYLE="padding-right: 0.8pt; text-align: center">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: white">
    <TD STYLE="padding-bottom: 1pt; width: 30%; padding-right: 0.8pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 40%; padding-right: 0.8pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Not
    applicable</B></FONT></TD>
    <TD STYLE="padding-bottom: 1pt; width: 30%; padding-right: 0.8pt; text-align: center">&nbsp;</TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 0.8pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 0.8pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;(Former
    name or former address, if changed since last report)</FONT></TD>
    <TD STYLE="padding-right: 0.8pt; text-align: center">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Wingdings">&#168;
</FONT>Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Wingdings">&#168;
</FONT>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Wingdings">&#168;
</FONT>Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Wingdings">&#168;
</FONT>Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">Securities registered
pursuant to Section&nbsp;12(b) of the Act:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; width: 32%; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Title
    of each class</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; width: 32%; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Trading
    symbol(s)</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; width: 32%; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Name
    of each exchange on which registered</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Common stock, par value $0.001 per share</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>CION</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>The New York Stock Exchange</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;&nbsp;</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&sect;230.405 of this chapter) or Rule 12b-2
of the Securities Exchange Act of 1934 (&sect;240.12b-2 of this chapter).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Emerging growth company <FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If an emerging growth company, indicate
by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 13(a) of the Exchange Act. <FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"></P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 3pt; margin-bottom: 12pt"><DIV STYLE="border-top: Black 1pt solid; border-bottom: Black 2pt solid; font-size: 1pt; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>


<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="border-bottom: Black 1pt solid; margin-top: 12pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Item 8.01. Other Events.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On June 24, 2022, the
board of directors of <FONT STYLE="background-color: white">C&#298;ON </FONT>Investment Corporation (&ldquo;CION&rdquo;), including
the independent directors, increased the amount of shares of CION common stock that may be repurchased under its existing Share
Repurchase Policy (the &ldquo;Policy&rdquo;) by $10 million to up to an aggregate of $60 million. Additionally, CION will enter into
a trading plan adopted in accordance with Rule 10b5-1 (the &ldquo;10b5-1 Repurchase Plan&rdquo;) of the Securities Exchange Act of
1934, as amended (the &ldquo;Exchange Act&rdquo;), to facilitate repurchases under the Policy during its first available trading
window after the final one-third of CION&rsquo;s common stock becomes available for trading on the New York Stock Exchange on July 5,
2022.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Under the Policy, CION expects
to purchase shares of its common stock through various means such as open market transactions, including block purchases, and privately
negotiated transactions. The number of shares repurchased and the timing, manner, price and amount of any repurchases will be determined
at CION&rsquo;s discretion. Factors are expected to include, but are not limited to, share price, trading volume and general market conditions,
along with CION&rsquo;s general business conditions. The Policy may be suspended or discontinued at any time and does not obligate CION
to acquire any specific number of shares of its common stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The 10b5-1 Repurchase Plan
will be entered into by CION and adopted in accordance with Rule 10b5-1 of the Exchange Act based in part on historical trading data with
respect to its shares. The 10b5-1 Repurchase Plan would permit common stock to be repurchased at a time that CION might otherwise be precluded
from doing so under insider trading laws or self-imposed trading restrictions. The 10b5-1 Repurchase Plan will be administered by an independent
broker and will be subject to price, market volume and timing restrictions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On June 27, 2022, CION
i<FONT STYLE="background-color: white">ssued a press release announcing this increase in the amount of shares CION may repurchase
under the Policy. A copy
of the press release&nbsp;is attached hereto as Exhibit 99.1 and incorporated by reference herein.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="background-color: white">The
information disclosed under this Item 8.01, including Exhibit 99.1 hereto, is being &ldquo;furnished&rdquo; and shall not be
deemed &ldquo;filed&rdquo; by CION for purposes of Section&nbsp;18 of the Exchange
Act or otherwise subject to the liabilities of that section, and shall not be deemed incorporated by reference into any filing
under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set
forth by specific reference in such filing.&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 9pt; text-align: justify; text-indent: -9pt"><B>Item 9.01.
Financial Statements and Exhibits.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 9pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 3%; padding-right: 0.8pt">&nbsp;</TD>
    <TD STYLE="width: 3%; padding-right: 0.8pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(d)</FONT></TD>
    <TD STYLE="width: 94%; padding-right: 0.8pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Exhibits.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 9pt">&nbsp;&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 8%; padding-right: 0.8pt; text-align: center; font-size: 10pt"><A HREF="tm2219439d1_ex99-1.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">99.1</FONT></A></TD>
    <TD STYLE="width: 92%; padding-right: 0.8pt; font-size: 10pt"><A HREF="tm2219439d1_ex99-1.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Press
    Release dated June 27, 2022.</FONT></A></TD></TR>

</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>


<!-- Field: Page; Sequence: 3 -->
    <DIV STYLE="border-bottom: Black 1pt solid; margin-top: 12pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: white">
    <TD STYLE="width: 34%; padding-right: 0.8pt">&nbsp;</TD>
    <TD STYLE="width: 33%; padding-right: 0.8pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><U>SIGNATURES</U></B></FONT></TD>
    <TD STYLE="width: 33%; padding-right: 0.8pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Pursuant to the requirements of the Securities
Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.8pt 0pt 0"><B>C&#298;ON Investment Corporation</B></P>
                                                                           <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.8pt 0pt 0"><B>&nbsp;</B></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.8pt 0pt 0"></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 5%">Date:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 45%">  June 27, 2022</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 50%; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">By: <U>/s/ Michael A. Reisner</U></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Co-Chief Executive Officer</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>


<!-- Field: Page; Sequence: 4 -->
    <DIV STYLE="border-bottom: Black 1pt solid; margin-top: 12pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>EXHIBIT LIST</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; width: 14%; padding-right: 0.8pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>EXHIBIT<BR>
NUMBER</B></FONT></TD>
    <TD STYLE="width: 1%; padding-right: 0.8pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 85%; padding-right: 0.8pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>DESCRIPTION</B></FONT></TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top; width: 14%; padding-right: 0.8pt; font-size: 10pt"><A HREF="tm2219439d1_ex99-1.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">99.1</FONT></A></TD>
    <TD STYLE="vertical-align: bottom; width: 1%; padding-right: 0.8pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 85%; padding-right: 0.8pt; font-size: 10pt"><A HREF="tm2219439d1_ex99-1.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Press
    Release dated June 27, 2022</FONT></A></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>


<!-- Field: Page; Sequence: 5; Options: Last -->
    <DIV STYLE="border-bottom: Black 1pt solid; margin-top: 12pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>tm2219439d1_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 99.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 76px; width: 218px"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CION INVESTMENT CORPORATION <FONT STYLE="text-transform: uppercase">Announces
Expansion of its Share Repurchase POLICY BY 20% to UP TO $60 million </FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>For Immediate Release</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">NEW YORK, June 27, 2022 &mdash; CION
Investment Corporation (NYSE: CION) (&ldquo;CION&rdquo; or the &ldquo;Company&rdquo;) today announced that its Board of Directors,
including the independent directors, has increased the amount of shares of common stock that may be repurchased under its existing
Share Repurchase Policy (the &ldquo;Policy&rdquo;) by $10 million, or 20%, to up to an aggregate of $60 million. Additionally, CION
will enter into a trading plan adopted in accordance with Rule 10b5-1 of the Exchange Act (the &ldquo;10b5-1 Repurchase Plan&rdquo;)
to facilitate repurchases under the Policy during its first available trading window after the final one-third of CION&rsquo;s
common stock becomes available for trading on the NYSE on July 5, 2022.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Additionally, it is anticipated that an
affiliate of CION&rsquo;s investment advisor will also enter into a trading plan adopted in accordance with Rule 10b5-1 of the
Exchange Act to permit such affiliate to also repurchase shares of CION&rsquo;s common stock. This additional trading plan will be
established in addition to recent purchases made by senior members of the CION management team and several directors, including
certain independent directors. For information on recent common stock purchases by CION&rsquo;s executive officers and directors,
please see https://www.cionbdc.com/#resources (SEC Filings).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;We believe that our solid balance sheet,
strong credit quality, and prudent investment strategy has positioned our portfolio well to minimize the effect of current market volatility
and take advantage of new investment opportunities. Through March 31, 2022, we continued to diversify our portfolio across several industries
and our investment and origination activity remained solid, while our loss rate and non-accruals remained low. Given that our common stock
currently trades at a significant discount to our net asset value, we strongly believe that increasing the total amount to be repurchased
under our previously announced Policy is an efficient deployment of existing capital and should be very accretive to our current shareholders,&rdquo;
said Mark Gatto, co-Chief Executive Officer of CION.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;As of March 31, 2022, CION&rsquo;s
net investment income increased to $19.5 million, or $0.34 per share, as compared to $18.4 million, or $0.32 per share, as of
December 31, 2021, while having a high allocation of first-lien senior secured loans of approximately 94% and a low debt-to-equity
ratio of 0.95x. Furthermore, we believe that our relatively conservative investment strategy has served investors well with
investments on non-accrual status amounting to only 0.6% at fair value as of March 31, 2022, and a cumulative annualized loss rate
of only 0.11% since inception. Additionally, the recent expansion of our senior secured credit facility with JPMorgan by $100 million to $675
million and the $50 million unsecured term loan from an existing lender gives us the flexibility and the leverage capacity needed to
prudently capitalize on market conditions and hopefully increase earnings for our shareholders,&rdquo; added Michael A. Reisner,
co-Chief Executive Officer of CION.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Share Repurchase Policy</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As previously announced, on September&nbsp;15,
2021, CION&rsquo;s Board of Directors, including the independent directors, approved the Policy authorizing CION to repurchase up to $50&nbsp;million
of its outstanding common stock. Under the Policy, CION expects to purchase shares of its common stock through various means such as open
market transactions, including block purchases, and privately negotiated transactions. The number of shares repurchased and the timing,
manner, price and amount of any repurchases will be determined at CION&rsquo;s discretion. Factors are expected to include, but are not
limited to, share price, trading volume and general market conditions, along with CION&rsquo;s general business conditions. The Policy
may be suspended or discontinued at any time and does not obligate CION to acquire any specific number of shares of its common stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The 10b5-1 Repurchase Plan will be entered into
by CION and adopted in accordance with Rule 10b5-1 of the Exchange Act based in part on historical trading data with respect to its shares.
The 10b5-1 Repurchase Plan would permit common stock to be repurchased at a time that CION might otherwise be precluded from doing so
under insider trading laws or self-imposed trading restrictions. The 10b5-1 Repurchase Plan will be administered by an independent broker
and will be subject to price, market volume and timing restrictions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>ABOUT CION INVESTMENT CORPORATION </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">CION Investment Corporation is a leading publicly
listed business development company that had approximately $1.8 billion in assets as of March&nbsp;31, 2022. CION seeks to generate current
income and, to a lesser extent, capital appreciation for investors by focusing primarily on senior secured loans to U.S. middle-market
companies. CION is advised by CION Investment Management, LLC, a registered investment adviser and an affiliate of CION. For more information,
please visit <FONT STYLE="color: blue"><U>www.cionbdc.com</U></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>FORWARD-LOOKING STATEMENTS </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This press release may contain forward-looking
statements that involve substantial risks and uncertainties. You can identify these statements by the use of forward-looking terminology
such as &ldquo;may,&rdquo; &ldquo;will,&rdquo; &ldquo;should,&rdquo; &ldquo;expect,&rdquo; &ldquo;anticipate,&rdquo; &ldquo;project,&rdquo;
 &ldquo;target,&rdquo; &ldquo;estimate,&rdquo; &ldquo;intend,&rdquo; &ldquo;continue,&rdquo; or &ldquo;believe&rdquo; or the negatives
thereof or other variations thereon or comparable terminology. You should read statements that contain these words carefully because they
discuss CION&rsquo;s plans, strategies, prospects and expectations concerning its business, operating results, financial condition and
other similar matters. These statements represent CION&rsquo;s belief regarding future events that, by their nature, are uncertain and
outside of CION&rsquo;s control. There are likely to be events in the future, however, that CION is not able to predict accurately or
control. Any forward-looking statement made by CION in this press release speaks only as of the date on which it is made. Factors or events
that could cause CION&rsquo;s actual results to differ, possibly materially from its expectations, include, but are not limited to, the
risks, uncertainties and other factors CION identifies in the sections entitled &ldquo;Risk Factors&rdquo; and &ldquo;Forward-Looking
Statements&rdquo; in filings CION makes with the SEC, and it is not possible for CION to predict or identify all of them. CION undertakes
no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise,
except as required by law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>OTHER INFORMATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The information in this press release is summary
information only and should be read in conjunction with CION&rsquo;s Current Reports on Form 8-K, which CION filed with the SEC on May
12, 2022 and June 27, 2022, as well as CION&rsquo;s other reports filed with the SEC. A copy of CION&rsquo;s Current Reports on Form 8-K
and CION&rsquo;s other reports filed with the SEC can be found on CION&rsquo;s website at&nbsp;<U>www.cionbdc.com</U>&nbsp;and the SEC&rsquo;s
website at&nbsp;<U>www.sec.gov</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>CONTACTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Media</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Alexander Cavalieri</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">acavalieri@cioninvestments.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Investor Relations</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">1-800-343-3736</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Analysts and Institutional Investors</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Lena Cati</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Equity Group</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">lcati@equityny.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">212-836-9611</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 2; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>image_001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 image_001.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  (! 0(! 0(" @(" @(" P4# P,#
M P8$! ,%!P8'!P<&!P<("0L)" @*" <'"@T*"@L,# P,!PD.#PT,#@L,# S_
MVP!# 0(" @,# P8# P8," <(# P,# P,# P,# P,# P,# P,# P,# P,# P,
M# P,# P,# P,# P,# P,# P,# P,# S_P  1" !, -H# 2(  A$! Q$!_\0
M'P   04! 0$! 0$           $" P0%!@<("0H+_\0 M1   @$# P($ P4%
M! 0   %] 0(#  01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T? D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0 'P$  P$! 0$!
M 0$! 0        $" P0%!@<("0H+_\0 M1$  @$"! 0#! <%! 0  0)W  $"
M Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O 58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H # ,!  (1 Q$ /P#]^9V*Q$CK
M5*]U865NTTK^5%&"SLV, #N:MWK;+9CG ')(K\__ /@HK^V+=:[XDN_ .@W$
MMMING2O#JMQ&2K7#Y&8@1SA6X/J?I7?EV7U<75Y*>RW\D?(\9\6X;A[+WCL1
MJ]HQZRE_P-STWX^_\%1M&\&Q_9/!L2:_J&]@\TH*6L:CC(/5N>.*^>M;_P""
MF7Q:U.XS::Y'IPZ[$L+20#\6B)J#]EO]A#Q+\?WM]2OTFT3PNZ"1;TQYDO &
MQMB4]C@_-T]*^QO#O_!.WX8Z#9B-_#XU!U&-]W(SD^^1BOIZE7)\#^ZC#GDM
M[V9^*X/#\?\ %,7C8UGA:4OAUE#3H[1:E9][V>Y\C^'?^"G'Q4T:XC:]UBWU
M=4;=(DUA;1 J.2,QQ@_EZUZ9\"O^"ZGPL\;_ !E7X:^,-4B\(>-/,CAWW QI
MT\DBAEC64_=?D##=SUKV'QI_P3?^&7B+3I8K30WTJ252!):2%=A((S@DYZU^
M W_!6+_@D]\4/V#_ (E:EXFUVXN/%O@K7-0#6OBD1A=\\F]_+N%!_=R84XQP
M=O':L[Y5CO<A'DGTM9(^XX0R;BC)\14>;8IUZ5O=NW+7KK)MG]/-C>?;;..5
M75UD4,K*<@@^E3;C7XT?\&ZO_!776OB5XBM/@#\0M0-[<VUA_P 4CJEP_P"_
MN(H(]SV4I/+,L09HVZD(P/09_9:OF,;@JF%JNE5W/UJA7C6ASH9/*47[V./2
MOD?]N#_@M/\ !+]A>ZU?2_$/B<:KXKT>W,\N@Z5'Y]UG&0C'[J,3@<G@-G%?
M6\PR17\F7_!7//\ P\8_:!SU_P"$MU49^C@#]*[,FP%/%U91J-V2,<9B'1BG
M'=G]77P^\5?\)OX"T36E1HUU?3X+T(V,H)(U?!QQ_%6QN-<=^SS_ ,D!\#_]
MB_8?^DT==1J,ACM^.!N //;_ .OT_&O*J)1DT=<;M*XE_?\ V.,L9 BJC.2V
M HQZG_/2OS?_ &\_^#D3X8_LVV=[HOP[=/B3XRA=K?\ T8[=,M)%.TF2;'S@
M'LGIUKQ/_@X1_P""O][X OI?@=\+O$<D&L?OHO&=[9_ZRUBDA54LE?\ A=Q(
M2^WE5VCJ37P-_P $N/\ @D'X\_X*/>+(KZU4Z'\,[*]%OJVN/@9V;6,5NA_U
MDGW5R/E7>":]W+\KIJC]9QVD?+0\K%8Z<JGL*&YZ7XZ_X.9/VG/%%U)-I6MZ
M1X:CF \N*TTJRN(XOH9X&8_B:RO"7_!R1^U3H%^LNI>.K76XT?)@GT#2X5D'
M]W=%;*0/?-?K-\.?^#=7]F3P+I5O:W?@Z]\1/"OS3:G?/(9F]3C&![5L^+O^
M#?K]EOQ=830I\-H-&9TV++I]U)%(/<')P?PKL>998GRJC[OHKF3P6,M\;^\^
M9OV$_P#@Z+\->/YUT/XX:4G@Z]P3%KVG@S6$J]A*F-R-C.2!MXZ<U^K/P^\>
MZ5\3?!6F^(-"U.SUC1M7@6[L[VU</#<Q-RK*1U&*_GK_ ."M'_! +Q1^Q7:Z
MGX\^'3W?BGX76<1FNXG&_4M$&3G>!_K(?^F@Y7N,5)_P0@_X+&7'['7C^W^'
M/Q&UZZ_X5/J,,D-A),=\7AR[+K('SU6W?+JPZ*75N@-9XO*\+6HO$8%Z+==3
M2AC:M.HJ-=?,_HJ#DU!J-PT%J2K[#_>QG'O2PW,<T:,CAE=0RD'AA3V =:^7
MOV/7OU/E7P!_P5;\":U^VQXU^ WB"_70/'&@ZNMEI,<J_NM9@>SANE,;=/-Q
M)(-G?R^.N*^J+29VM8R[ N5!8@<9K^7S_@M;XCU#P9_P6*^+&K:7>7.G:EI>
MM6%U:7=O(8YK25-/LV61#Z@@'ZBOTW_X(H_\%U+#]I[3-*^%OQ6U-;#XD0@P
M:?JUP1'!XE3#%<G@)<!5(*_QD9'4BO>QN32IT(XBAJFKL\S#X[FJ.E4TU/U1
M#YHW&HHYT8X##/IFG@YKPCT^MCQC_@H1^T-K/[+'[&_Q'^(&@0V]UK/A+0Y=
M2LX+A<Q22(0,-Q[U^;__  2M_P""_GQ9_;8_;U\"?##Q-HOABUT3Q+_: N9K
M1&\Y?(TZZN5VG&.7A4'V)K[I_P""S_\ RBO^.I]/"MQ^'*U^%7_!O*-O_!8C
MX1#MG6N/^X)?U]%E>#H5<%6JU(ZQ3M]QY.,K5(8F$8;.U_O/Z>****^=/6.%
M_:;\?3_"_P" 'BW7;7 O-/TZ1K8GHLS?)&3[!V6OR\_9P^%LW[07QXTC2+JX
MDD2\G-YJ5R[$RR0IF24Y_OL,X/8N/2OT1_X**R/'^QKXS\O[Q2T7\#>0 _IF
MOD#_ ()80PI^T[<^=\SPZ!=!01QGSK=3^A_4U]ADL_8Y77KQ^)NWY'\\>)4(
M9AQGEN3U_P"&U&371ISFG\WRI+R;/T7\):-;>'/#UI96D*06]K$(8HXQA45>
M ![8K0J*S_X]E_.I:^0;;=V?T+!)12BK(*XC]H3X ^&/VGOA1J_@GQEI%KK7
MA[6H?*N;:<=><AE/574X96'((!KMZ:2=_M2YI1:E'<;2:M(^$_\ @G=_P02^
M%7["&L:5XGN?M'CCX@Z7(98->U E39DG&(8EX7Y>I).23P*^[J:3BG5M6KU*
MLN>H[L4*<8+E@-D^[^%?R8_\%=O^4C/[07_8W:K_ .C!7]9TGW?PK^3'_@KM
M_P I&?V@O^QNU7_T8*^@X8_C3_PL\O-?ACZH_J@_9Z_Y(%X'_P"Q?L/_ $FC
MH^/OQ9TSX#?!?Q/XVUIBND^$M,N=7NPO5XX(GD91[D+@>^*/V>O^2!>!_P#L
M7[#_ -)HZ^<O^"]5]<Z=_P $COC2]JSJ[Z5;PR%3R8I+RWCE'T,;.#[$UX48
M*>(Y7LW^IZ$W:E?R/YR_@/\ #?Q!^WA^VCX>\.RR7-UX@^*GB8/>W!;<R>?*
MTUS.3_L(LS^VT"OZQ/A!\&_#GP+^'.F>%_!^BZ=X?T+2(O)LK.SB"11K_,]B
M2>3C)K^>+_@VBTFQU#_@J?HDEV(WN+'PWJLUF7&2LVQ$)7W\N23\":_I'M@1
M;IDY.T9.,9KV.(ZTG6C16D8K;S[GG95"*4I=;CZ***^>/7*.OZ-#X@TZ2SN8
M8KBUN8WBFAE4-'*C*5964\$$$@@\8)K^8/\ X+B_L2+^Q5^WMXETRRTVUL/!
MGC!%U_P_%;C$4,$K*DT(7^$1S>8 .RNM?U$GK7XK?\'=FG6@O/@1=A(Q?LNN
MPR/CYY(A_9V%/^R&<$>^:]OAZNXXU4NDDSS\SI*=%R?0^]/^"*/[68_:]_X)
MU_#W6YY9)M;\/VP\,:R\C;G>[LE$+2$^LB+'+_VT-?6BC'Z5^3'_  :5ZC=S
M_LH_%&U=F^QVWC1&A4GY0[V$&_'OA5)]Z_6@FO/S*E&CBJD(]&:X*;GAZ<GO
M8_EK_P""[LPA_P""L'QJ<@_)J-FQ*_> _LVUZ?D*YK]L#_@F[\1_V*?!G@+Q
M_=Q2WG@WQC96.HZ3K]FQ'V6XG@CN4B?',4@R<'(W&)\'C-=#_P %YO\ E*M\
M<3_T_6G_ *;;:OZ&_@/\#?"?[0W_  3M^&/A;QMH6G^)/#VI>"M$^T6-Y'NC
M<K90%6!X*L" 0RD$8X(KZS%YA+"X?#M*\6M?P/(IX?ZQ4JJ]G?0_.3_@AO\
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MVJ"W4]\BW2'/HQ-?<2]*K:'HUKX>T:TL+*WAM+.RA2""") J0QJH554#@
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M8^$%G+=?#HR>?K'AR(F2Y\.[V(>>$,#YEH"<D$DP[P2IC4M%X/\ \&\,F_\
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2110 4J?>I*5/O4 /HHHH __9

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
