Investor Presentaiton

Portfolio Asset Composition End of Period Investments (in millions) $1,791 4% 2% 1% 0%* $1,740 4% 2% 2% 0%* $1,666 $1,676 $1,630 4% 2% 2% 0%* 5% 0%* 6% 0%* 1% 1% 6% 8% 93% 92% 92% 88% 84% Q2 2022 Q1 2022 Q4 2021 Q3 2021 First lien debt Second lien debt *Less than 1%. Q2 2021 New Investment Commitments (in millions) $353 6% 6% $184 1% 1% $155 88% 98% 99% Q2 2022 $179 2% $231 100% 98% Q1 2022 Q4 2021 Q3 2021 Q2 2021 Unsecured debt Equity Collateralized securities and structured products - equity The discussion of the investment portfolio is at fair value and excludes short term investments. CION INVESTMENTS 19

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