CION Investment Corporation

Major Shareholding Notification • May 28, 2023

FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response

1. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Check this box if no longer subject to Section 0.5

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

* 1. Name and Address of Reporting Person BRESNER GREGG A.			2. Issuer Name and Ticker or Trading Symbol CION Investment Corp [ CION ]	(Check all applicable)	5. Relationship of Reporting Person(s) to Issuer
(Last) (First) (Middle) C/O CION INVESTMENT CORP 100 PARK AVENUE, 25TH FLOOR				Director	10% Owner
				X Officer (give title below)	Other (specify below)
			3. Date of Earliest Transaction (Month/Day/Year) 05/24/2023	President &	CIO
(Street)			4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line)
NEW YORK	NY	10017		X Form filed by One Reporting Person Form filed by More than One Reporting Person
(City)	(State)	(Zip)

Rule 10b5-1(c) Transaction Indication

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.

Table I – Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr.
		(Month/Day/Year)	Code	V	Amount	(A) or (D)	Price	Transaction(s) (Instr. 3 and 4)		4)
Common Stock, \$0.001 par value	05/24/2023		P		1,000	A	\$9.91	(1) 41,099	I	See (2) Footnote
Common Stock, \$0.001 par value	05/25/2023		P		1,000	A	\$9.81	(3) 42,099	I	See (4) Footnote
Common Stock, \$0.001 par value	05/26/2023		P		2,000	A	\$9.9	(3) 44,099	D

Table II – Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Acquired (A) or 3, 4 and 5)	Derivative Securities Disposed of (D) (Instr.	6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares		(Instr. 4)

Explanation of Responses:

1. Includes 6,500 shares of which certain investment retirement accounts are the record holder. Mr. Bresner is the indirect beneficial owner with sole voting and investment power with respect to the shares held by the investment retirement accounts.

2. Purchase by an IRA of the Reporting Person.

3. Includes 7,500 shares of which certain investment retirement accounts are the record holder. Mr. Bresner is the indirect beneficial owner with sole voting and investment power with respect to the shares held by the investment retirement accounts.

4. Includes two purchases by two IRAs of the Reporting Person at the same price.

Remarks:

/s/ Gregg A. Bresner 05/26/2023

** Signature of Reporting Person Date

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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