Key Takeaways CION trades at 0.52 P/B as investors weigh discounted valuation against falling NAV and income pressure.CION shifted to monthly dividends and offers a 17.7% yield with a $1.20 annualized payout.CION repurchased 1.1M shares in Q1 2026 and ended the quarter with strong liquidity reserves.CION Investment Corp. (CION) is trading at a deep discount to what investors typically pay for private-credit cash flows and net asset value. The setup is hard to ignore after a steep selloff, but the reasons be ...