Today, and welcome to the 2025 Annual Meeting of Shareholders of CION Investment Corporation. I would now like to turn the conference over to Mr. Michael Reisner, Co-Chairman and Co-CEO of the company. Please go ahead.
I would like to call to order the 2025 Annual Meeting of Shareholders of CION Investment Corporation, hereafter referred to as the company. I am Michael Reisner, Co-Chairman and Co-CEO of the company. I will act as Chairman of the meeting. I hereby appoint Mr. John Holewa of American Election Services as the Inspector of Election. Mr. Holewa has reported to me that shareholders present at the meeting by proxy or through the web portal represent more than 1/3 of the outstanding shares of the company as of May 30th, 2025, record date. Therefore, a quorum for the company is present, and the meeting is now regularly and lawfully convened and ready to transact business.
Stephen Roman and I 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 of shareholders of the annual meeting, the proxy statement of the company, and the proxy card are available for inspection at www.proxyvotes.com. I'd also like to present for the record an affidavit from Broadridge Financial Solutions, 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 card were duly mailed and that such mailing commenced on June 2nd, 2025, to each of the shareholders of record as of the record date.
We will now proceed to Proposal 1 on the agenda, to be voted upon in accordance with the direction of shareholders. To elect three directors of the company who will each serve for a term of three years expiring in 2028 or until their successors are duly elected and qualified. The three directors up for election this year are Edward J. Estrada, Peter I. Finlay, and Earl V. Hedeen, each an independent director serving on the company board. 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 1, a plurality of all the votes cast at the meeting have approved the election of Edward J. Estrada, Peter I. Finlay, and Earl V. Hedin, and therefore, Proposal 1 is passed. The certificate of the Inspector of Election will reflect the approval of Proposal 1.
We will now proceed to Proposal 2 on the agenda, to be voted upon in accordance with the direction of shareholders. To ratify the selection of RSM U.S. LLP to serve as the company's independent registered public accounting firm for the year ending December 31st, 2025. 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, a majority of all the votes cast at the meeting have approved the selection of RSM U.S. LLP for the year ending December 31st, 2025, 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?
Aye.
Anyone opposed? The meeting is now adjourned. Thank you all very much.
Thank you. The conference has now concluded. Thank you for attending today's presentation. You may now disconnect.