ArrowMark Financial Corp. Releases Month End Estimated Net Asset Value as of March 2024

Rhea-AI Summary

ArrowMark Financial Corp. releases estimated Net Asset Value of $21.24 as of March 28, 2024.

Insights

Financial Analyst

The recent release of ArrowMark Financial Corp.'s estimated Net Asset Value (NAV) provides a snapshot into the company's financial state as of late March. NAV, which is the total value of a firm's assets minus its liabilities, is a important metric for closed-end funds like BANX. Although this figure is unaudited and not a full financial statement, it can influence investor sentiment, as it reflects the value of their investments. The reported NAV of $21.24 could signal to investors how the company's investments have performed, which is especially relevant in market conditions subject to volatility. It's important to note that changes in NAV can result from both market movements and the firm's managerial decisions, such as asset allocation and cost management.

Market Research Analyst

To understand the potential impact of ArrowMark Financial Corp.'s NAV disclosure on their stock, one must consider the broader market context. NAV figures for investment firms like ArrowMark are closely monitored, as they can provide early signals about the direction of the firm's investment performance, especially when other financial data isn't available. Investors tend to benchmark the released NAV against industry averages and historical performance. A disparity between expected and reported NAV can lead to market reactions. However, without comparative figures from previous months or additional context, it's challenging to assess the full significance of the reported NAV on its own.

DENVER, April 15, 2024 (GLOBE NEWSWIRE) -- ArrowMark Financial Corp., (NASDAQ: BANX) ("ArrowMark Financial"), today announced that BANX’s estimated and unaudited Net Asset Value (“NAV”) as of March 28, 2024, was $21.24.

This estimated NAV is not a comprehensive statement of our financial condition or results for the month ended March 28, 2024.

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. BANX pursues its objective by investing primarily in regulatory capital securities of financial institutions. BANX is managed by ArrowMark Asset Management, LLC. To learn more, visit ir.arrowmarkfinancialcorp.com, or contact Destra at 877.855.3434 or by email at BANX@destracapital.com.

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 Company with the SEC are accessible on the SEC's website at www.sec.gov and on the BANX’s website at ir.arrowmarkfinancialcorp.com.

Contact:
BANX@destracapital.com | investorrelations@arrowmarkfinancialcorp.com

FAQ

What is ArrowMark Financial Corp.'s estimated Net Asset Value as of March 28, 2024?

ArrowMark Financial Corp.'s estimated Net Asset Value as of March 28, 2024, is $21.24.

Is the Net Asset Value audited?

The Net Asset Value is unaudited.

Is the estimated NAV a comprehensive statement of ArrowMark Financial Corp.'s financial condition?

The estimated NAV is not a comprehensive statement of the financial condition or results for the month ended March 28, 2024.