ArrowMark Financial Corp. Announces Special Distribution of $0.20 and Regular Cash Distribution of $0.45 per Share for the Fourth Quarter 2024
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. (BANX) ha annunciato due distribuzioni per il quarto trimestre del 2024: una distribuzione straordinaria in contanti di $0,20 per azione proveniente da un reddito eccedente e una distribuzione regolare in contanti di $0,45 per azione, per un totale di $0,65 per azione.
Entrambe le distribuzioni saranno pagate il 3 gennaio 2025 agli azionisti registrati al 26 dicembre 2024. Il CEO della società ha sottolineato che queste distribuzioni dimostrano la capacità costante del fondo di guadagnare oltre l'importo dichiarato per la distribuzione trimestrale, mantenendo al contempo l'attenzione sulla preservazione del capitale e sulla generazione di reddito.
ArrowMark Financial Corp. (BANX) ha anunciado dos distribuciones para el cuarto trimestre de 2024: una distribución especial en efectivo de $0.20 por acción proveniente de ingresos excedentes y una distribución regular en efectivo de $0.45 por acción, con un total de $0.65 por acción.
Ambas distribuciones se pagarán el 3 de enero de 2025 a los accionistas registrados hasta el 26 de diciembre de 2024. El CEO de la compañía destacó que estas distribuciones demuestran la capacidad constante del fondo para superar su tasa de distribución trimestral declarada, manteniendo el enfoque en la preservación del capital y la generación de ingresos.
ArrowMark Financial Corp. (BANX)는 2024년 4분기 두 가지 배당금을 발표했습니다: 잉여 수익에서 발생한 주당 $0.20의 특별 현금 배당금과 주당 $0.45의 정기 현금 배당금으로, 총 주당 $0.65입니다.
두 배당금은 2025년 1월 3일에 2024년 12월 26일 기준 주주에게 지급될 예정입니다. 회사의 CEO는 이 배당금이 자본 보전과 수익 창출에 집중하면서도 분기 배당금을 지속적으로 초과 달성하는 펀드의 능력을 보여준다고 강조했습니다.
ArrowMark Financial Corp. (BANX) a annoncé deux distributions pour le quatrième trimestre de 2024 : une distribution spéciale en espèces de 0,20 $ par action provenant de revenus excédentaires et une distribution régulière en espèces de 0,45 $ par action, totalisant 0,65 $ par action.
Les deux distributions seront versées le 3 janvier 2025 aux actionnaires enregistrés au 26 décembre 2024. Le PDG de la société a souligné que ces distributions démontrent la capacité constante du fonds à générer des revenus supérieurs à son taux de distribution trimestrielle déclaré, tout en maintenant l'accent sur la préservation du capital et la génération de revenus.
ArrowMark Financial Corp. (BANX) hat zwei Ausschüttungen für das vierte Quartal 2024 angekündigt: eine Sonderausschüttung in Höhe von $0,20 pro Aktie aus Überschüssen und eine reguläre Ausschüttung in Höhe von $0,45 pro Aktie, insgesamt $0,65 pro Aktie.
Beide Ausschüttungen werden am 3. Januar 2025 an die am 26. Dezember 2024 eingetragenen Aktionäre ausgezahlt. Der CEO des Unternehmens betonte, dass diese Ausschüttungen die konstante Fähigkeit des Fonds demonstrieren, seine erklärte quartalsweise Ausschüttungsrate zu übertreffen, während der Fokus auf dem Kapitalschutz und der Einkommensgenerierung liegt.
- Special distribution of $0.20 per share indicates excess income generation
- Maintained regular quarterly distribution of $0.45 per share
- Fund demonstrates ability to over-earn its declared quarterly distribution rate
- None.
Insights
This dividend announcement represents a significant positive signal for investors. The
With a market cap of
DENVER, Dec. 04, 2024 (GLOBE NEWSWIRE) -- ArrowMark Financial Corp. (Nasdaq: BANX) ("ArrowMark Financial" or the "Company"), an SEC registered closed-end management investment company, today announced that its Board of Directors has declared a special cash distribution of
“We are very pleased to announce the special distribution for Q4 2024 along with the distribution rate of
About ArrowMark Financial Corp.
ArrowMark Financial Corp. is an SEC registered non-diversified, closed-end fund listed on the NASDAQ Global Select Market under the symbol “BANX.” Its investment objective is to provide shareholders with current income. The Fund pursues its objective by investing primarily in regulatory capital securities of financial institutions. ArrowMark Financial is managed by ArrowMark Asset Management, LLC. To learn more, visit ir.arrowmarkfinancialcorp.com or contact the Fund’s secondary market service agent at 877-855-3434.
Disclaimer and Risk Factors:
There is no assurance that ArrowMark Financial will achieve its investment objective. ArrowMark Financial is subject to numerous risks, including investment and market risks, management risk, income and interest rate risks, banking industry risks, preferred stock risk, convertible securities risk, debt securities risk, liquidity risk, valuation risk, leverage risk, non-diversification risk, credit and counterparty risks, market at a discount from net asset value risk and market disruption risk. Shares of closed-end investment companies may trade above (a premium) or below (a discount) their net asset value. Shares of ArrowMark Financial may not be appropriate for all investors. Investors should review and consider carefully ArrowMark Financial's investment objective, risks, charges and expenses. Past performance does not guarantee future results.
The Annual Report, Semi-Annual Report and other regulatory filings of the Fund with the SEC are accessible on the SEC's website at www.sec.gov and on the Fund’s website at ir.arrowmarkfinancialcorp.com.
Contact:
Destra Capital Advisors LLC (877) 855-3434
Destra Capital Advisors LLC provides secondary market services for the Fund by agreement.
FAQ
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Why is BANX issuing a special distribution for Q4 2024?
