CION (CION) Q2 FY26 earnings call

CION delivered a strong second quarter, marked by significant NAV appreciation driven by equity portfolio mark-to-market gains and validated asset sales. The company is actively executing a deleveraging plan, targeting a pro forma net debt to equity of 1.35x, and has increased its share repurchase authorization, signaling confidence in its undervalued stock. Management is prioritizing share repurchases over new investments while focusing on portfolio optimization and strategic separations like David's Bridal.