0001104659-21-146251.txt : 20211203 0001104659-21-146251.hdr.sgml : 20211203 20211203140201 ACCESSION NUMBER: 0001104659-21-146251 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20211201 ITEM INFORMATION: Other Events FILED AS OF DATE: 20211203 DATE AS OF CHANGE: 20211203 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CION Ares Diversified Credit Fund CENTRAL INDEX KEY: 0001678124 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 811-23165 FILM NUMBER: 211469547 BUSINESS ADDRESS: STREET 1: 3 PARK AVENUE, 36TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10016 BUSINESS PHONE: 646-845-2577 MAIL ADDRESS: STREET 1: 3 PARK AVENUE, 36TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10016 8-K 1 tm2134576-1_8k.htm 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported): December 1, 2021

CION ARES DIVERSIFIED CREDIT FUND

(Exact Name of Registrant as Specified in Charter)

Delaware	811-23165	81-3755597
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

3 Park Avenue, 36th Floor
New York, NY		10016
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s telephone number, including area code: (646) 845-2577

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01. Other Events.

Cion Ares Diversified Credit Fund (the “Fund”) is currently conducting a private offering of preferred stock to certain institutional investors. No assurances can be given as to what terms this will take place on or how much capital, if any, the Fund will raise. Any preferred stock issued by the Fund will have a leveraging effect on its portfolio, which will magnify the potential for losses. Under the Investment Company Act of 1940, as amended, the Fund is permitted to incur greater effective leverage through the use of preferred stock than through the use of debt and, accordingly, the risk of the Fund incurring additional losses from its use of leverage is further heightened.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.

		Cion Ares Diversified Credit Fund

Date: December 3, 2021	By:	/s/ Greg Schill
		Greg Schill
		Vice President