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| x | Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 |
|---|---------------------------------------------------------------------------------------------------|

| o | Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 |
|---|----------------------------------------------------------------------------------------------------|

| Maryland                                                       |   | 45-3058280                           |
|----------------------------------------------------------------|--------|--------------------------------------|
| (State or other jurisdiction of incorporation or organization) |   | (I.R.S. Employer Identification No.) |
|                                                           |   |                                 |
| 3 Park Avenue, 36th FloorNew York, New York                    |   | 10016                                |
| (Address of principal executive office)                        |   | (Zip Code)                           |

|   | Large Accelerated Filer o                                             |   | Accelerated Filer o         |
|--------|-----------------------------------------------------------------------|--------|-----------------------------|
|   |                                                                  |   |                        |
|   | Non-Accelerated Filer x (Do not check if a smaller reporting company) |   | Smaller Reporting Company o |

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|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | Page   |
|--------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |
| PART I  | FINANCIAL INFORMATION                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |
| Item 1.      | FinancialStatements                                                                                                                                                   | 1      |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |
|         | Balance Sheets as of September 30, 2012 (unaudited) and January 31, 2012                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | 1      |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |
|         | Statements of Operations for the three months ended September 30, 2012 and for the period from January 31, 2012 (Inception) through September 30, 2012 (unaudited)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | 2      |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |
|         | Statement of Changes in Net Assets for the period from January 31, 2012 (Inception) through September 30, 2012 (unaudited)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | 3      |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |
|         | Statement of Cash Flows for the period from January, 31, 2012 (Inception) through September 30, 2012 (unaudited)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | 4      |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |
|         | Notes to FinancialStatements                                                                                                                                          | 5      |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |
| Item 2.      | Management’s Discussion and Analysis of Financial Condition and Results of Operations                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | 9      |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |
| Item 3.      | Quantitative and Qualitative Disclosures About Market Risk                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | 13     |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |
| Item 4.      | Controls andProcedures                                                                                                                                                | 13     |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |
| PART II | OTHER INFORMATION                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |
| Item 1.      | LegalProceedings                                                                                                                                                      | 14     |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |
| Item 1A.     | RiskFactors                                                                                                                                                           | 14     |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |
| Item 2.      | Unregistered Sales of Equity Securities and Use of Proceeds                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | 14     |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |
| Item 3.      | Defaults Upon SeniorSecurities                                                                                                                                        | 14     |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |
| Item 4.      | Mine SafetyDisclosures                                                                                                                                                | 14     |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |
| Item 5.      | OtherInformation                                                                                                                                                      | 14     |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |
| Item 6.      | Exhibits                                                                                                                                                              | 15     |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |
| Signatures   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 16     |

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Table of Contents

PART I – FINANCIAL INFORMATION

Item 1. Financial Statements

| CĪON Investment Corporation                                     |   |
|----------------------------------------------------------------------|--------|
| Balance Sheets                                                       |   |
|                                                                 |   |   |   |   |   |   |
|                                                                 |   | September 30, |   |   | January 31, |   |
|                                                                 |   | 2012 |   |   | 2012 |   |
|                                                                 |   | (unaudited) |   |   |   |   |
|                                                                 |   |   |   |   |   |   |
| Assets                                                               |   |
|                                                                 |   |   |   |   |   |   |
|  Cash and cash equivalents                                      |   | $ | 1,023 |   |   | $ | 1,000 |   |
|                                                                 |   |   |   |   |   |   |   |   |
|  Total assets                                                   |   | $ | 1,023 |   |   | $ | 1,000 |   |
|                                                                 |   |   |   |   |   |
| Liabilities and Stockholder's Equity                                 |   |
|                                                                 |   |   |   |   |   |   |   |   |
|  Other liabilities                                              |   | $ | 23 |   |   | $ | - |   |
|                                                                 |   |   |   |   |   |   |   |   |
|  Commitments and contingencies (see Note 5)                     |   |   |   |   |   |   |   |   |
|                                                                 |   |   |   |   |   |   |   |   |
|  Stockholder's equity:                                          |   |   |   |   |   |   |   |   |
|  Common stock, $0.001 par value; 500,000,000 shares authorized; |   |   |   |   |   |   |   |   |
|   111.11 shares issued and outstanding                     |   |   | 1 |   |   |   | 1 |   |
|  Capital in excess of par value                                 |   |   | 999 |   |   |   | 999 |   |
|                                                                 |   |   |   |   |   |   |   |   |
|  Total stockholder's equity                                     |   |   | 1,000 |   |   |   | 1,000 |   |
|                                                                 |   |   |   |   |   |   |   |   |
|  Total liabilities and stockholder's equity                     |   | $ | 1,023 |   |   | $ | 1,000 |   |
|                                                                 |   |   |   |   |   |   |   |   |
|  Net asset value per share of common stock at period end        |   | $ | 9.00 |   |   | $ | 9.00 |   |
|                                                                 |   |   |   |   |   |   |   |   |

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| CĪON Investment Corporation                                                                                                            |   |
|---------------------------------------------------------------------------------------------------------------------------------------------|--------|
| Statements of Operations                                                                                                                    |   |
| (unaudited)                                                                                                                                 |   |
|                                                                                                                                        |   |   |   |   |   |   |
|                                                                                                                                        |   | Three Months Ended September 30, 2012 |   |   | Period from January 31, 2012 (Inception) through September 30, 2012 |   |
|                                                                                                                                        |   |   |   |   |   |   |
| Operating expenses:                                                                                                                         |   |   |   |   |   |   |
| Adminstrative expenses                                                                                                                      |   | $ | 3,000 |   |   | $ | 3,000 |   |
|                                                                                                                                        |   |   |   |   |   |   |   |   |
| Total operating expenses                                                                                                                    |   |   | 3,000 |   |   |   | 3,000 |   |
| Less: expense reimbursement from IIG (1)                                                                                                    |   |   | (3,000 | ) |   |   | (3,000 | ) |
|                                                                                                                                        |   |   |   |   |   |   |   |   |
| Net operating expenses                                                                                                                      |   | $ | - |   |   | $ | - |   |
|                                                                                                                                        |   |   |   |   |   |   |   |   |
| Per share information - basic and diluted                                                                                                   |   |   |   |   |   |   |   |   |
| Weighted average shares outstanding - basic and diluted                                                                                     |   |   | 111.11 |   |   |   | 111.11 |   |
|                                                                                                                                        |   |   |   |   |   |   |   |   |
| (1) See Note 3 for a discussion of the expense reimbursement paid to the Company by ICON Investment Group, LLC, or IIG, and its affiliates. |   |

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| CĪON Investment Corporation                                    |   |
|---------------------------------------------------------------------|--------|
| Statement of Changes in Net Assets                                  |   |
| (unaudited)                                                         |   |
|                                                                |   |   |   |
|                                                                |   | Period from January 31, 2012 (Inception) through September 30, 2012 |   |
| Capital share transaction:                                          |   |   |   |
|       Issuance of common stock             |   | $ | 1,000 |   |
| Net increase in net assets resulting from capital share transaction |   |   | 1,000 |   |
|                                                                |   |   |   |   |
| Total increase in net assets                                        |   |   | 1,000 |   |
| Net assets, beginning of period                                     |   |   | - |   |
|                                                                |   |   |   |   |
| Net assets, end of period                                           |   | $ | 1,000 |   |

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| CĪON Investment Corporation               |   |
|------------------------------------------------|--------|
| Statement of Cash Flows                        |   |
| (unaudited)                                    |   |
|                                           |   |   |   |
|                                           |   | Period from January 31, 2012 (Inception) through September 30, 2012 |   |
| Cash flows from operating activities:          |   |   |   |
| Changes in operating assets and liabilities:   |   |   |   |
| Increase in other liabilities                  |   | $ | 23 |   |
|                                           |   |   |   |   |
| Net cash provided by operating activities      |   |   | 23 |   |
|                                           |   |   |   |   |
| Cash flows from financing activities:          |   |   |   |   |
| Issuance of common stock                       |   |   | 1,000 |   |
|                                           |   |   |   |   |
| Net cash provided by financing activities      |   |   | 1,000 |   |
|                                           |   |   |   |   |
| Total increase in cash and cash equivalents    |   |   | 1,023 |   |
| Cash and cash equivalents, beginning of period |   |   | - |   |
|                                           |   |   |   |   |
| Cash and cash equivalents, end of period       |   | $ | 1,023 |   |

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Note 1. Organization and Principal Business

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| •   | our future operating results; |
|---------------------|-------------------------------|

| •   | our business prospects and the prospects of the companies in which we may invest; |
|---------------------|-----------------------------------------------------------------------------------|

| •   | the impact of the investments that we expect to make; |
|---------------------|-------------------------------------------------------|

| •   | the ability of our portfolio companies to achieve their objectives; |
|---------------------|---------------------------------------------------------------------|

| •   | our expected financings and investments; |
|---------------------|------------------------------------------|

| •   | the adequacy of our cash resources, financing sources and working capital; |
|---------------------|----------------------------------------------------------------------------|

| •   | the use of borrowed money to finance a portion of our investments; |
|---------------------|--------------------------------------------------------------------|

| •   | the timing of cash flows, if any, from the operations of our portfolio companies; |
|---------------------|-----------------------------------------------------------------------------------|

| •   | our contractual arrangements and relationships with third parties; |
|---------------------|--------------------------------------------------------------------|

| •   | the actual and potential conflicts of interest with CIM and Apollo and their respective affiliates; |
|---------------------|-----------------------------------------------------------------------------------------------------|

| •   | the ability of CIM and AIM to locate suitable investments for us and the ability of CIM to monitor and administer our investments; |
|---------------------|------------------------------------------------------------------------------------------------------------------------------------|

| •   | the ability of CIM and AIM and their respective affiliates to attract and retain highly talented professionals; |
|---------------------|-----------------------------------------------------------------------------------------------------------------|

| •   | the dependence of our future success on the general economy and its impact on the industries in which we invest; |
|---------------------|------------------------------------------------------------------------------------------------------------------|

| •   | our ability to source favorable private investments; |
|---------------------|------------------------------------------------------|

| •   | our tax status; |
|---------------------|-----------------|

| •   | the effect of changes to tax legislation and our tax position; |
|---------------------|----------------------------------------------------------------|

| •   | the tax status of the companies in which we may invest; and |
|---------------------|-------------------------------------------------------------|

| •   | the timing and amount of distributions and dividends from the companies in which we may invest. |
|---------------------|-------------------------------------------------------------------------------------------------|

| •   | changes in the economy; |
|---------------------|-------------------------|

| •   | risks associated with possible disruption in our operations or the economy generally due to terrorism or natural disasters; and |
|---------------------|---------------------------------------------------------------------------------------------------------------------------------|

| •   | future changes in laws or regulations and conditions in our operating areas. |
|---------------------|------------------------------------------------------------------------------|

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| Related Party Transactions |
|----------------------------|

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| Evaluation of disclosure controls and procedures |
|--------------------------------------------------|

| Evaluation of internal control over financial reporting |
|---------------------------------------------------------|

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Item 6. Exhibits

| ExhibitNumber |   | Description of Document                                                                                                                                                                                                                                                                                                                               |
|---------------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|          |   |                                                                                                                                                                                                                                                                                                                                                            |
| 3.1           |   | Articles of Amendment and Restatement of the Articles of Incorporation of CĪON Investment Corporation (Incorporated by reference to Exhibit (A)(2) to Pre-Effective Amendment No. 4 to Registrant’s Registration Statement on Form N-2 filed with the SEC on June 29, 2012 (File No. 333-178646)).                                                   |
|          |   |                                                                                                                                                                                                                                                                                                                                                            |
| 3.2           |   | Second Articles of Amendment and Restatement of the Articles of Incorporation of CĪON Investment Corporation (Incorporated by reference to Exhibit 3.1 to Registrant’s Current Report on Form 8-K dated August 22, 2012 (File No. 814-00941)).                                                                                                       |
|          |   |                                                                                                                                                                                                                                                                                                                                                            |
| 3.3           |   | Bylaws of CĪON Investment Corporation (Incorporated by reference to Exhibit (B) to Pre-Effective Amendment No. 4 to Registrant’s Registration Statement on Form N-2 filed with the SEC on June 29, 2012 (File No. 333-178646)).                                                                                                                      |
|          |   |                                                                                                                                                                                                                                                                                                                                                            |
| 4.1           |   | Form of Subscription Agreement (Incorporated by reference to Appendix A to the Registrant’s Prospectus on Form 497 filed with the SEC on July 3, 2012 (File No. 333-178646)).                                                                                                                                                                             |
|          |   |                                                                                                                                                                                                                                                                                                                                                            |
| 4.2           |   | Distribution Reinvestment Plan (Incorporated by reference to Exhibit (E) to Pre-Effective Amendment No. 1 to the Registrant’s Registration Statement on Form N-2 filed with the SEC on February 17, 2012 (File No. 333-178646)).                                                                                                                          |
|          |   |                                                                                                                                                                                                                                                                                                                                                            |
| 10.1          |   | Investment Advisory Agreement Between CĪON Investment Corporation and CĪON Investment Management, LLC (Incorporated by reference to Exhibit (G)(1) to Pre-Effective Amendment No. 4 to Registrant’s Registration Statement on Form N-2 filed with the SEC on June 29, 2012 (File No. 333-178646)).                                              |
|          |   |                                                                                                                                                                                                                                                                                                                                                            |
| 10.2     |   | Investment Sub-Advisory Agreement by and among CĪON Investment Management, LLC, CĪON Investment Corporation and Apollo Investment Management, L.P. (Incorporated by reference to Exhibit (G)(2) to Pre-Effective Amendment No. 4 to Registrant’s Registration Statement on Form N-2 filed with the SEC on June 29, 2012 (File No. 333-178646)). |
|          |   |                                                                                                                                                                                                                                                                                                                                                            |
| 10.3          |   | Administration Agreement by and between CĪON Investment Corporation and ICON Capital Corp. (Incorporated by reference to Exhibit (K)(2) to Pre-Effective Amendment No. 4 to Registrant’s Registration Statement on Form N-2 filed with the SEC on June 29, 2012 (File No. 333-178646)).                                                              |
|          |   |                                                                                                                                                                                                                                                                                                                                                            |
| 10.4          |   | Custody Agreement by and between CĪON Investment Corporation and U.S. Bank National Association. (Incorporated by reference to Exhibit (J) to Pre-Effective Amendment No. 4 to Registrant’s Registration Statement on Form N-2 filed with the SEC on June 29, 2012 (File No. 333-178646)).                                                           |
|          |   |                                                                                                                                                                                                                                                                                                                                                            |
| 10.5          |   | Escrow Agreement by and among CĪON Investment Corporation, UMB Bank, N.A., and ICON Securities Corp. (Incorporated by reference to Exhibit (K)(1) to Pre-Effective Amendment No. 4 to Registrant’s Registration Statement on Form N-2 filed with the SEC on June 29, 2012 (File No. 333-178646)).                                                    |
|          |   |                                                                                                                                                                                                                                                                                                                                                            |
| 10.6          |   | Dealer Manager Agreement by and among CĪON Investment Corporation, CĪON Investment Management, LLC, and ICON Securities Corp. (Incorporated by reference to Exhibit (H)(1) to Pre-Effective Amendment No. 4 to Registrant’s Registration Statement on Form N-2 filed with the SEC on June 29, 2012 (File No. 333-178646)).                      |
|          |   |                                                                                                                                                                                                                                                                                                                                                            |
| 31.1          |   | Rule 13a-14(a)/15d-14(a) Certification of Co-Chief Executive Officer.                                                                                                                                                                                                                                                                                           |
|          |   |                                                                                                                                                                                                                                                                                                                                                            |
| 31.2          |   | Rule 13a-14(a)/15d-14(a) Certification of Co-Chief Executive Officer.                                                                                                                                                                                                                                                                                           |
|          |   |                                                                                                                                                                                                                                                                                                                                                            |
| 31.3          |   | Rule 13a-14(a)/15d-14(a) Certification of Chief Financial Officer.                                                                                                                                                                                                                                                                                              |
|          |   |                                                                                                                                                                                                                                                                                                                                                            |
| 32.1          |   | Certification of Co-Chief Executive Officer pursuant to 18 U.S.C. §1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.                                                                                                                                                                                                             |
|          |   |                                                                                                                                                                                                                                                                                                                                                            |
| 32.2          |   | Certification of Co-Chief Executive Officer pursuant to 18 U.S.C. §1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.                                                                                                                                                                                                             |
|          |   |                                                                                                                                                                                                                                                                                                                                                            |
| 32.3          |   | Certification of Chief Financial Officer pursuant to 18 U.S.C. §1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.                                                                                                                                                                                                                |

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SIGNATURES

| CĪON Investment Corporation(Registrant)                                                                                                |
|---------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                        |
| By                                                                                                                                          | /s/ Michael A. Reisner |
|                                                                                                                                        | Michael A. Reisner |
|                                                                                                                                        | Co-Chief Executive Officer and Co-President (Principal Executive Officer) |
|                                                                                                                                        |
| By                                                                                                                                          | /s/ Mark Gatto |
|                                                                                                                                        | Mark Gatto |
|                                                                                                                                        | Co-Chief Executive Officer and Co-President (Principal Executive Officer) |
|                                                                                                                                        |   |
| By  /s/ Keith S. Franz                                                                                                            |
|       Keith S. Franz                                                                                          |
|       Chief Financial Officer      (Principal Financial and Accounting Officer) |

| 16 |
|----|

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