CION Ares Diversified Credit Fund announced a quarterly repurchase offer for up to 5% of outstanding shares from September 4 to October 8, 2026. Shareholders must tender by 4:00 p.m. on October 8, with oversubscriptions subject to pro rata repurchases.

CION Ares Diversified Credit Fund intends to redeem all 3.6 million Series B Mandatory Redeemable Preferred Shares on September 30, 2026. Investors holding those preferred shares will have them redeemed under the governing instrument.

CION Ares Diversified Credit Fund amended its State Street credit facility, increasing commitments 50%, extending maturity from August 31, 2026 to July 31, 2028, and raising the spread from 1.25% to 1.35%. The fund can borrow up to $450 million.

CION Ares Diversified Credit Fund reported its annual fund voting report for calendar year 2026, with 0 other included managers and 0 series.

CION Ares Diversified Credit Fund ownership disclosure updates Apollo and Athene filers’ shared voting and dispositive power in mandatory redeemable preferred shares from 4.56 million to 4.11 million, reducing class percentage from 10.6% to 9.6%.

CION Ares Diversified Credit Fund amended its revolving credit facility with State Street, extending maturity from July 31, 2026 to August 31, 2026 for a $37,500 upfront fee. The facility remains available for up to $300 million of borrowings.

Thrivent Financial for Lutherans acquired 450,000 CION Ares Diversified Credit Fund Mandatory Redeemable Preferred Shares, Series C at $23.38 per share on July 6, 2026. Thrivent directly owns 1.09 million Series C shares afterward and is identified as under 10%.

CION Ares Diversified Credit Fund intends to redeem all 2.4 million Series A Mandatory Redeemable Preferred Shares on July 30, 2026, with a $25.00 liquidation preference per share. Holders will have the entire issued and outstanding class redeemed.

CION Ares Diversified Credit Fund announced a quarterly offer to repurchase up to 5% of outstanding shares from June 5, 2026 to July 9, 2026. Shareholders must submit requests by 4:00 p.m. Eastern Time on July 9.

Thrivent Financial for Lutherans replaced Principal entities as reporting person for CION Ares Diversified Credit Fund, with Item 4 reporting 2.8 million Mandatory Redeemable Preferred Shares, or 7.11%, held with sole voting and disposition power.