Item 5.07. Submission of Matters to a Vote of Security Holders.
CĪON
· Proposal No. 1 - the approval of a proposal to approve the application of the
reduced asset coverage requirements in Section 61(a)(2) of the Investment Company Act of 1940, as amended, to CION, which would permit CION to increase the maximum amount of leverage that it is permitted to incur by reducing the asset coverage requirement applicable to CION from 200% to 150% (the "Leverage Proposal").
The Leverage Proposal received the requisite number of votes to pass at the Special Meeting. The votes for, votes against, abstentions and broker non-votes are set forth below:
Votes For Votes Against Abstentions Broker Non-Votes 17,743,848 2,301,590 1,509,253 0
Item 7.01. Regulation FD Disclosure.
On
The information disclosed under this Item 7.01, including Exhibit 99.1 hereto, is being "furnished" and shall not be deemed "filed" by CION for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, and shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 8.01. Other Events.
Commencing on
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