CION Investment Corporation

Major Shareholding Notification • Nov 28, 2023

Date: 11/27/2023 10:17 AMClient: 23-31555-1_CION Investment Corporation_[FINLAY PETER I.]_4 File: tm2331555-1_4seq1.xml Type: 4 Pg: 1 of 1

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

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 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.

* 1. N d A ddr of Rep ortin g P ame an ess erso n LA FIN Y P ETE R I			2. Is r Na and Tic ker or T radi ng S ymb ol sue me CIO N I Cor p [ CI ON ] stm ent nve	5. R elat ions hip of R rting Pe (s) t o Is epo rson sue r (Ch eck all lica ble) app
(Las t) C/O CI ON IN VE STM EN , 25 100 PA RK AV EN UE	(Firs t) T C OR P TH FL OO R	(Mid dle)	nth/ /Ye 3. D ate of E arlie st T acti (Mo Day ar) rans on 11/2 7/2 023	X	Dire ctor Offi (giv e tit le b elow ) cer	Ow 10% ner Oth er ( cify be low ) spe
(Stre et) NE W Y OR K	NY	100 17	4. If Am end t, D of O rigin al F iled (M onth /Da y/Y ear) ate men	6. In divi dua X	l or Join t/Gr Fili ng ( Che ck A ppli cab le L ine) oup For m fi led by O ne R rting Pe epo rson For m fi led by M than On e R rting Pe ore epo	rson
(Cit y)	(Sta te)	(Zip )

Ta ble I – No n-D eri ive Se riti Ac ire d, Dis sed of r B fic iall Ow ned vat 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) ecur and 5)	or D ispo sed Of (	D) ( Instr . 3, 4	5. A nt o f Se curit ies mou Ben efici ally Own ed F ollow ing	6. O rship For m: D irect wne (D) or In dire ct (I ) (In str. 4)	7. N atur e of Ind irect Ben efici al O rship wne
		if an y (Mo nth/ Day /Yea r)		V	Amo unt	(A) o r (D)	Pric e	Rep d Tr ction (s) ( Instr . 3 orte ansa and 4)		(Inst r. 4)
k, \$ Com n S 0.0 01 val toc mo par ue	11/2 7/2 023		P		300	A	\$10 .88	2,30 0	I	(1) See Fo otn ote

Ta ble II De riv ativ e S riti Ac ire d, Dis sed of r B fic iall 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. 3. T actio 3A. Dee med rans n Con ion Date Exe cutio n Da vers (Mo nth/ /Yea r) if an or E ise Day xerc y nth/ /Yea Pric e of (Mo Day Der ivat ive		te, 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 efici Own Ben 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 unt or N umb er of S hare s

Explanation of Responses:

1. A self-employed pension plan is the record holder of these Shares. Mr Finlay is the direct beneficiary with sole voting and investment power with respect to the Shares held by the self-employed pension plan. Remarks:

Director Exhibit List: Exhibit 24.0 - Power of Attorney

/s/ Eric A. Pinero, Attorney-in-Fact

11/27/2023

** 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).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. Date

Exhibit 24

POWER OF ATTORNEY

KNOW ALL PERSONS BY THESE PRESENTS, that the undersigned hereby constitutes and appoints Mark Gatto, Michael A. Reisner, Stephen Roman and Eric A. Pinero and each of them, as the undersigned's true and lawful attorney-in-fact and agent with full power of substitution and resubstitution for such attorney-in-fact in such attorney-in-fact's name, place, and stead, in any and all capacities, to:

1.    execute for and on behalf of the undersigned, in the undersigned's capacity as a reporting person pursuant to Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and the rules thereunder, of CION Investment Corporation (the "Company"), Forms 3, 4 and 5 in accordance with Section 16(a) of the Exchange Act;

2.    do and perform any and all acts for and on behalf of the undersigned that may be necessary or desirable to complete and execute any such Form 3, 4 or 5 and timely file such form with the United States Securities and Exchange Commission and stock exchange or similar authority, including without limitation, completing and filing an application for EDGAR codes (i.e., CIK and CCC codes); and

3.    take any other action of any type whatsoever in connection with the foregoing that, in the opinion of any of such attorneys-in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by any of the such attorneys-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as any of such attorneys-in-fact may approve in the discretion of any of such attorneys-in-fact.

The undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary, or proper to be done in the exercise of any rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that any of such attorneys-in-fact, or the substitute or substitutes of any of such attorneys-in-fact, shall lawfully do or cause to be done by virtue of this Power of Attorney and the rights and powers herein granted. The undersigned acknowledges that the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, are not assuming, nor is the Company assuming, any of the undersigned's responsibilities to comply with Section 16 of the Exchange Act.

This Power of Attorney shall remain in full force and effect until the undersigned is no longer required to file Forms 3, 4 and 5 with respect to the undersigned's holdings of and transactions in securities issued by the Company, unless earlier revoked by the undersigned in a signed writing delivered to the foregoing attorneys-in-fact.

IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of this 8th day of March, 2022.

Signature:/s/ Peter I. Finlay

Name: Peter I. Finlay