Bulldog Investors, LLP, a shareholder owning more than 3% of CION Investment Corporation with 1,716,599 shares, is calling on management to materially expand its share repurchase program. As of July 2, 2026, CION’s stock price stood at $6.39, more than 50% below its last reported net asset value of $13.11. Bulldog believes CION should deploy all its investible cash to repurchase shares and reduce debt, rather than issue new loans, until the discount narrows significantly. If management declines, Bulldog may nominate directors to pursue a transaction to maximize shareholder value, including possibly winding up the company.
Cion Investment CorpActivist investor urges expanded share buyback, which typically boosts stock price and signals undervaluation.