CION Investment Corporation

Major Shareholding Notification • Aug 28, 2024

Date: 08/27/2024 09:17 AM

Toppan Merrill

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934

or Section 30(h) of the Investment Company Act of 1940

	OM B A PP RO VA L
OMB Num ber:		3235 -028 7
Esti ed a mat vera ge burd en h ours per resp onse		0.5

Che ck th is bo x if no lo bjec Sec tion Form t to 16. nge r su . Se 4 or For m 5 oblig atio onti e In stru ction ns m ay c nue
1(b)

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

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(Stre et) NE W Y OR K NY 100 17 (Cit y) (Sta te) (Zip )	4. If Am end t, D of O rigin al F iled (M onth /Da y/Y ear) ate men	6. In divi X	dua l or Join t/Gr Fili ng ( Che ck A ppli cab oup For m fi led by O ne R rting Pe epo For m fi led by M than On e R ore epo	le L ine) rson rting Pe rson

Se Ta ble I – No n-D eri vat ive riti Ac ire d, Dis sed of r B fic iall Ow ned cu es qu po , o ene y
1. T itle o f Se curit y (In str. 3)	2. T actio n Da te rans (Mo nth/ Day /Yea r)	2A. Dee med Exe cutio n Da te,	3. T actio n Co de rans (Inst r. 8)		4. S ities Acq uired (A) or D ispo ecur and 5)		Of ( D) ( Instr . 3, 4	5. A nt o f Se curit ies mou Ben efici ally Own ed F ollow ing d Tr ction Instr . 3	6. O rship For m: D irect wne (D) or In dire ct (I ) (In 4) str.	7. N atur e of Ind irect Ben efici al O rship wne
		if an y (Mo nth/ Day /Yea r)	Cod e	V	Amo unt	(A) o r (D)	Pric e	Rep (s) ( orte ansa and 4)		(Inst r. 4)
Com ock , \$0 .00 1 pa lue n st mo r va	08/ 26/ 202 4		P		400	A	\$12 .33	(1) 44,5 60.3 8	D

riv ativ e S riti ire Dis of fic iall Ta ble II De Ac d, sed r B Ow ned ecu es qu po , o ene y – (e.g lls, ion tib le s riti es) uts nts pt ., p , ca wa rra , o s, c on ver ecu
1. T itle o f De rivat ive S rity (Ins tr. 3 ) ecu	2. Con ion vers or E ise xerc Pric e of Der ivat ive	3. T actio rans n Date (Mo nth/ /Yea r) Day	3A. Dee med Exe cutio n Da te, if an y (Mo nth/ Day /Yea r)	4. T actio n Co de rans (Inst r. 8)		5. N umb f De rivat ive er o Sec uritie s Ac quire d (A ) or of ( D) ( Disp osed Inst r. 3, 4 and 5)		6. D Exe rcisa ble a nd ate Exp iratio n Da te (Mo nth/ /Yea r) Day		7. T itle a nd A f Se curit ies U nde rlyin nt o mou g Deri vativ e Se curit y (In d 4) str. 3 an		8. P rice of Der ivat ive Sec (Ins urity tr. 5)	9. N umb f er o Deri vativ e Se curit ies Own Ben efici ally ed Follo wing Rep orte d Tran sact ion(s ) (In str. 4)	10. O rship wne Form : Dir (D) ect ct (I ) or In dire (Inst r. 4)	11. Natu f re o Indir Ben efici al ect Own ersh ip (Inst r. 4)
	Sec urity			Cod e	V	(A)	(D)	Date Exe rcisa ble	Exp iratio n Date	Title	Amo or N umb unt er of S hare s

Explanation of Responses:

1. Mr. Reisner is the record holder of 13,261 shares, and CION Investment Group, LLC ("CIG") is the record holder of 62,598.77 shares that includes 5,932.67 shares acquired under the Issuer's distribution reinvestment plan. Mr. Reisner, together with another individual, controls CIG and, as a result, may be deemed to be the indirect beneficial owner of the shares held by CIG. As permitted by Rule 16a-1(a)(4) under the Exchange Act, Mr. Reisner disclaims beneficial ownership of the shares held by CIG except to the extent of his pecuniary interest therein.

Remarks:

/s/ Michael A. Reisner

08/27/2024Date

** Signature of Reporting Person

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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