Investor Presentaiton

$2.0b Credit Portfolio is Focused on First Lien Loans $1.58b $1.54b $1.55b $1.51b $1.5b $ (Billions) Senior Secured First Lien Loans Senior Secured Second Lien Loans Other Investments $1.85b $1.80b $1.81b $1.80b $1.82b $1.79b $1.75b $1.74b $1.74b $1.68b $1.67b $1.63b $1.58b $1.54b $1.52b $1.53b $1.50b 76.6% 77.0% 79.0% 78.7% 79.9% 80.9% 77.9% $1.0b 69.0% 69.6% 73.4% 84.0% 92.7% 73.0% 80.6% 91.8% 80.4% 81.3% 81.8% 87.6% 91.6% 81.8% $0.5b 26.9% 26.0% 22.1% 22.4% 20.3% 19.3% 14.3% 17.4% 17.3% 16.0% 15.3% 12.7% 12.5% 10.7% 10.1% 10.1% 8.5% 6.1% 2.3% 2.1% 1.5% 7.8% 4.1% 4.4% $0.0b 4.9% Jun-17 Sep-17 Dec-17 Mar-18 4.2% 3.1% Jun-18 3.7% 4.0% 3.6% Sep-18 Dec-18 Mar-19 Jun-19 4.1% 6.7% 7.1% 8.0% 8.1% 8.1% 7.5% 6.3% 6.1% 6.1% 5.8% 3.8% Sep-19 Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 CION INVESTMENTS Source: Company Filings. 7

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