Cion Investment Corporation (NYSE: CION) has recently appointed Charlie Arestia as the Managing Director and Head of Investor Relations. Arestia's extensive experience in investor relations and specialty finance, including his previous roles at Focus Financial Partners and J.P. Morgan, makes him a valuable addition to Cion's leadership team.
As of December 31, 2023, Cion Investment Corporation had approximately $2.0 billion in total assets, reflecting the company's significant presence in the business development sector.
Mark Gatto, the Co-CEO of Cion, expressed his enthusiasm for Arestia's appointment, emphasizing the alignment of Arestia's experience with the company's commitment to providing value to its shareholders. Arestia, in turn, expressed his honor in joining Cion's senior leadership team and his eagerness to leverage his expertise to strengthen existing relationships and forge new partnerships with investors.
This appointment marks a strategic move for Cion Investment Corporation as it aims to further enhance its investor relations activities and continue its focus on generating current income and capital appreciation for investors through senior secured loans to U.S. middle-market companies. Today the company's shares have moved 2.7% to a price of $11.04. Check out the company's full 8-K submission here.
