CION Investment Corporation (CION) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to Scion Investment Corporation's second quarter 2026 earnings conference call. An earnings press release was distributed earlier this morning before market opened. A copy of the press release along with the supplemental earnings presentation is available on the company's website at www.scionbdc.com in the investor resources section and should be reviewed in conjunction with the company's form 10-Q filed with the SEC. As a reminder, this conference call is being recorded for replay purposes. Please note that today's conference call may contain forward-looking statements, which are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described in the company's filings of the SEC. Joining me on today's call will be Mark Gatto, Scion Investment Corporation's Co-Chief Executive Officer, Gregg Bresner, President and Chief Investment Officer, and Keith Franz, Chief Financial Officer. With that, I would now like to turn the call over to Mark Gatto. Please go ahead, Mark. Thank you and good morning, everyone. I want to start this morning with a simple observation of Scion's quarter two results. This was a good quarter based on our key metrics. Net asset value per share was up. Net investment income was up. Non-accruals were down. No new names were placed on non-accrual. No new internal risk rating downgrades. And subsequent to quarter end, management undertook a series of capital actions that stretches our balance sheet and we believe may further demonstrate to the market our conviction We reported net investment income of 29 cents per share for the second quarter, up from 25...