Good day, and welcome to the CION Investment Corporation 2024 Annual Meeting of Stockholders. I would now like to turn the conference over to Mark Gatto. Please go ahead.
Thank you. I would like to call to order and reconvene the twenty twenty-four Annual Meeting of Shareholders of CION Investment Corporation, hereafter referred to as the company. I am Mark Gatto, Co-Chairman and Co-CEO of the company. I will act as chairman of the meeting. I hereby appoint Mr. John F. Holewa of American Election Services, LLC, as the Inspector of Election. Mr. Holewa has reported to me that the shareholders present at the meeting by proxy or through the web portal represent more than one-third of the outstanding shares of the company as of the May thirty-first, twenty twenty-four record date. Therefore, a quorum for the company is present, and the meeting is now regularly and lawfully reconvened and ready to transact business.
Michael Reisner and Stephen Roman have been designated as proxy agents for all shareholders of the company who have properly returned their proxy cards or have provided voting instructions with respect to shares to be voted at this meeting. The notice to shareholders of the annual meeting, the proxy statement of the company, and the proxy cards are available for inspection at www.proxyvote.com. I'd also like to present for the record an affidavit from Broadridge Financial Solutions, Inc, the firm responsible for mailing the company's proxy materials. The affidavit shows that the notice of the annual meeting, the proxy statement, and proxy cards were duly mailed and that such mailing commenced on June third, twenty twenty-four, to each of the shareholders of record as of the record date.
We will now proceed to Proposal 2 on the agenda to be voted upon in accordance with the direction of shareholders. To consider and vote upon a proposal to authorize flexibility for the company, with the approval of the board of directors, to offer and sell shares of common stock of the company up to 25% of the company's outstanding shares at a price below net asset value during the twelve months following shareholder approval, subject to certain limitations described in the proxy statement. There being no shareholders desiring to vote at the meeting, the polls are declared closed. The Inspector of Election will tally the votes and report the results to the secretary. I ask the Inspector of Election if he is prepared to deliver the report on the results of the voting.
The report of the Inspector of Election shows the results of the proposal brought to the meeting as follows: With respect to Proposal 2, the holders of a majority of the outstanding shares of the company entitled to vote at the meeting, as defined by the Investment Company Act of 1940, have voted in favor of Proposal 2, and therefore Proposal 2 has passed. The certificate of the Inspector of Election will reflect the approval of Proposal 2.
There being no further business on the formal agenda for this meeting, I move that the meeting be adjourned. Is there a second?
Seconded.
All in favor say aye.
Aye.
Aye.
Opposed? The meeting is now adjourned. Thank you all very much, and have a wonderful day.