UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported):
(Exact Name of Registrant as Specified in Charter)
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||
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area code: (
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:
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: February 13, 2023 | By: | /s/ Greg Schill |
Greg Schill | ||
Vice President |
Cover |
Feb. 13, 2023 |
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Cover [Abstract] | |
Document Type | 8-K |
Amendment Flag | false |
Document Period End Date | Feb. 13, 2023 |
Entity File Number | 811-23165 |
Entity Registrant Name | CION ARES DIVERSIFIED CREDIT FUND |
Entity Central Index Key | 0001678124 |
Entity Tax Identification Number | 81-3755597 |
Entity Incorporation, State or Country Code | DE |
Entity Address, Address Line One | 3 Park Avenue |
Entity Address, Address Line Two | 36th Floor |
Entity Address, City or Town | New York |
Entity Address, State or Province | NY |
Entity Address, Postal Zip Code | 10016 |
City Area Code | 646 |
Local Phone Number | 845-2577 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |