Welcome to our dedicated page for ArrowMark Financial news (Ticker: BANX), a resource for investors and traders seeking the latest updates and insights on ArrowMark Financial stock.
ArrowMark Financial Corp. (symbol: BANX) is a non-diversified, closed-end management investment company that aims to provide its stockholders with current income and, to a lesser extent, capital appreciation. The company strategically invests in a variety of portfolios, including debt securities, trust preferred and preferred securities, exchange-traded funds (ETFs), money market funds, and more. These diversified investments allow ArrowMark Financial to navigate different market conditions and pursue its financial objectives effectively.
ArrowMark Financial has a keen focus on achieving consistent income for its investors. By investing in preferred and debt securities, the company aims to generate stable returns while maintaining a balanced approach to risk. This investment strategy is particularly significant in volatile markets where traditional equity investments might underperform. Furthermore, the inclusion of ETFs and money market funds adds liquidity and flexibility to the portfolio, enabling the company to manage market fluctuations proactively.
Recent financial reports and annual filings are accessible on the SEC's website and the company's investor relations page, offering transparency and insight into the company's performance and strategy.
ArrowMark Financial operates under the advisement of Destra Capital Advisors LLC, which provides secondary market services. Investors can reach out to Destra Capital Advisors for more information or clarification regarding their investments. The advisory relationship ensures that ArrowMark Financial leverages expert insights and market intelligence to guide its investment decisions.
Contact Information:
Email: BANX@destracapital.com | investorrelations@arrowmarkfinancialcorp.com
Phone: (877) 855-3434
ArrowMark Financial Corp. (NASDAQ: BANX) has reported its Q3 2024 results and November 2024 estimated Net Asset Value. The company announced an estimated and unaudited NAV of $22.24 as of November 30, 2024. The company achieved net income of $0.70 per share in Q3 2024, significantly exceeding its quarterly distribution of $0.45 per share. CEO Sanjai Bhonsle highlighted that the Fund has consistently over-earned its quarterly distribution rate over the past five years, meeting its objective of providing consistent shareholder income.
ArrowMark Financial Corp. (BANX) has announced two distributions for Q4 2024: a special cash distribution of $0.20 per share from excess income and a regular cash distribution of $0.45 per share, totaling $0.65 per share.
Both distributions will be paid on January 3, 2025 to shareholders of record as of December 26, 2024. The company's CEO highlighted that these distributions demonstrate the fund's consistent ability to over-earn its declared quarterly distribution rate while maintaining focus on capital preservation and income generation.
ArrowMark Financial Corp. (NASDAQ: BANX) has disclosed its estimated and unaudited Net Asset Value (NAV) of $22.02 as of October 31, 2024. The company emphasized that this NAV figure is an estimate and should not be considered a complete representation of their financial condition or results for October 2024.
ArrowMark Financial Corp. (NASDAQ: BANX) has released its estimated and unaudited Net Asset Value (NAV) for September 30, 2024. The company announced that the estimated NAV stood at $21.73 as of that date.
It's important to note that this figure is an estimate and is unaudited. ArrowMark Financial clarified that this NAV estimate should not be considered a comprehensive statement of the company's financial condition or results for the month ending September 30, 2024.
The announcement was made on October 14, 2024, from Denver. This regular disclosure of estimated NAV provides investors with a snapshot of the company's perceived value, although it is subject to change and further review.
ArrowMark Financial Corp. (NASDAQ: BANX) has released its estimated and unaudited Net Asset Value (NAV) for August 31, 2024. The company reported an estimated NAV of $21.99 per share. This announcement, made on September 17, 2024, provides investors with a snapshot of the company's financial position at the end of August.
It's important to note that this estimated NAV is not a comprehensive statement of ArrowMark Financial's financial condition or results for the entire month of August 2024. The company emphasizes that this figure is an estimate and has not been audited, serving as an indicator of the company's per-share value based on its assets and liabilities at that specific point in time.
ArrowMark Financial Corp. (NASDAQ: BANX) has announced its Q2 2024 results and declared a cash distribution of $0.45 per share for the third quarter of 2024. The distribution will be payable on September 30, 2024, to shareholders of record on September 26, 2024. The company reported net income of $0.70 per share for Q2 2024, significantly exceeding the quarterly distribution amount. CEO Sanjai Bhonsle highlighted that the collateral underlying the Fund's holdings has outperformed aggregate expectations through June 30th. The Fund reaffirms its commitment to delivering consistent returns and maintaining its strong track record of quarterly distributions for shareholders.
ArrowMark Financial Corp. (NASDAQ: BANX) has released its estimated and unaudited Net Asset Value (NAV) for July 31, 2024. The company announced that the estimated NAV stood at $21.75 per share. This information was made public on August 14, 2024, from the company's headquarters in Denver.
It's important to note that this estimated NAV is not a complete representation of ArrowMark Financial's financial condition or results for the month ending July 31, 2024. The company emphasizes that this figure is an estimate and has not been audited. Investors and analysts should consider this information as a snapshot of the company's perceived value at that specific point in time.
ArrowMark Financial Corp. (NASDAQ: BANX) has announced its estimated and unaudited Net Asset Value (NAV) as of June 30, 2024. The NAV stands at $21.58 per share. It is important to note that this figure does not represent a complete financial statement or the final results for the month of June 2024. ArrowMark Financial made this announcement on July 11, 2024.
ArrowMark Financial Corp. (NASDAQ: BANX) announced its estimated and unaudited Net Asset Value (NAV) for May 31, 2024, at $21.76 per share. This evaluation is not a full financial statement or a complete reflection of the company's financial status for the month.
ArrowMark Financial Corp. (Nasdaq: BANX) announced its Q1 2024 results and a cash distribution of $0.45 per share for Q2 2024. The distribution will be paid on June 28, 2024, to shareholders on record by June 24, 2024. Net income for Q1 2024 was $0.70 per share, exceeding the distribution. Over the past four years, ArrowMark Financial has consistently over-earned its quarterly distribution, providing steady income to shareholders, as highlighted by Chairman & CEO Sanjai Bhonsle.
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