CON Investment Corporation (NYSE:C) Files An 8-K Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition.
increased its public offering price from $9.57 per share to $9.60
per share, based on a net offering price of $9.12 per share (net
of selling commissions and dealer manager fees), which closely
approximates an estimated net asset value per share of $9.10.
This increase in the public offering price will become effective
on CON’s January 25, 2017 weekly closing and will be first
applied to subscriptions received from January 18, 2017 through
January 24, 2017. In accordance with CON’s previously disclosed
share pricing policy, certain of CON’s directors determined that
an increase in the public offering price per share was warranted
following an increase in CON’s net asset value per share to an
amount that exceeds CON’s then-current net offering price.
2017 from $9.57 per share to $9.60 per share, CON will maintain
the amount of weekly cash distributions payable to shareholders
of $0.014067 per share resulting in an annual distribution yield
of 7.62% (based on the $9.60 per share public offering price).
About CĪON Investment Corporation (NYSE:C)
Citigroup Inc. (Citi) is a financial services holding company. The Company’s businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management. It operates through two segments: Citicorp and Citi Holdings. Citicorp is focused on providing products and services to customers and leveraging the Company’s global network, including various economies. Global Consumer Banking (GCB) consists of Citi’s geographical consumer banking businesses that provide traditional banking services to retail customers through retail banking, including commercial banking, and Citi-branded cards and Citi retail services. Citi Holdings contains businesses and portfolios of assets that Citi has determined are not central to its core Citicorp businesses. CĪON Investment Corporation (NYSE:C) Recent Trading Information
CĪON Investment Corporation (NYSE:C) closed its last trading session up +0.85 at 57.59 with 18,416,436 shares trading hands.
