CION Investment Corporation Has Suspended Distributions – Goodman & Nekvasil, P.A., May Recover Investor Losses
Goodman & Nekvasil, P.A., May Recover Investor Losses – CION Investment Corporation Has Suspended Distributions
CION Investment Corporation, a non-traded business development company, has changed the timing of declaring distributions from quarterly to monthly and temporarily suspended distributions and the share repurchase program.
CION Investment Corporation’s co-chief executive officers decided to change the timing of declaring distributions to shareholders from quarterly to monthly. Shareholder distributions, including both cash and through the distribution reinvestment plan, will be temporarily suspended beginning with the month ending April 30, 2020. The share repurchase program was also temporarily suspended beginning with the second quarter of 2020.
The company said that future distributions and share repurchases will be reevaluated based on circumstances and expectations existing at the time of consideration.
Goodman & Nekvasil May Recover Losses on CION Investment Corporation
Goodman & Nekvasil, P.A., has filed hundreds of cases against brokerage firms selling high-risk investments and has recovered more than $180 million dollars on behalf of victimized investors. We allege in these cases that these investment recommendations were unsuitable for our clients in view of their financial situation, needs and investment objectives. All our cases are handled on a purely contingency fee basis.
You may have the right to recover your losses from the brokerage firm that sold CION Investment Corporation and other high-risk investments to you. We strongly recommend that you act quickly, however, because statutes of limitation can be short in securities cases.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. We would like to discuss the possibility of your retaining our firm to represent you in an arbitration action.
There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf. Finally, the filing of such a case should not affect your ownership of these investments in any way.
If you incurred losses on your investment in CION Investment Corporation and/or other high-risk investments and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.