SCHEDULE 13G/A 0001085146-23-002524 0000009712 XXXXXXXX LIVE 1 Mandatory Redeemable Preferred Shares 03/31/2025 0001678124 CION Ares Diversified Credit Fund 17260G2@1 100 PARK AVENUE 25TH FLOOR NEW YORK NY 10017 Rule 13d-1(b) PRINCIPAL LIFE INSURANCE CO IA 0 2880000 0 2880000 2880000 N 7.8 IC PRINCIPAL GLOBAL INVESTORS DE 0 2880000 0 2880000 2880000 N 7.8 IA CION Ares Diversified Credit Fund 100 PARK AVENUE 25TH FLOOR NEW YORK, NEW YORK 10017 This Statement is filed by Principal Life Insurance Company (PLIC) and Principal Global Investors, LLC (PGI) and jointly pursuant to a Joint Filing Agreement, which is filed with this Schedule 13G as Exhibit 99.1. This Statement relates to the shares of Mandatory Redeemable Preferred Stock (the Shares) of the Issuer indirectly beneficially owned by PGI and directly beneficially owned by PLIC. Principal Life Insurance Company 711 HIGH STREET DES MOINES, IA 50392 Principal Global Investors, LLC 711 HIGH STREET DES MOINES, IA 50392 PRINCIPAL LIFE INSURANCE CO - IOWA PRINCIPAL GLOBAL INVESTORS - DELAWARE N IC IA The Series A (CUSIP No. 17260G2@1), Series B (CUSIP No. 17260G3@0), Series C (CUSIP No. 17260G4@9), Series D (CUSIP No. 17260G5@8), Series I (CUSIP No 17260G3#8), and Series J (CUSIP No. 17260G4#7) Mandatory Redeemable Preferred Shares form a single class of the Issuer's preferred equity securities and are collectively referred to in this Schedule 13G as the "Mandatory Redeemable Preferred Shares." Principal Life Insurance Company (PLIC) and Principal Global Investors, LLC (PGI) jointly own 2,880,000 Shares. As of March 31, 2025, PGI may be deemed to be the beneficial owner of 2,880,000 Shares, which are beneficially owned directly by PLIC. 7.8 0 2,880,000 0 2,880,000 Y Y Y Y Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. This Statement is filed by Principal Life Insurance Company (PLIC) and Principal Global Investors, LLC ("PGI") jointly pursuant to a Joint Filing Agreement, which is filed with this Schedule 13G as Exhibit 99.1. PRINCIPAL LIFE INSURANCE CO /s/ J. Markham Penrod 05/08/2025 PRINCIPAL GLOBAL INVESTORS /s/ J. Markham Penrod 05/08/2025