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

Rhea-AI Summary

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.

Positive

• Estimated NAV as of May 31, 2024, is $21.76, which helps provide transparency to investors.

Negative

• The provided NAV estimation is unaudited and not a comprehensive financial statement, which may raise concerns about accuracy and completeness.

DENVER, June 18, 2024 (GLOBE NEWSWIRE) -- ArrowMark Financial Corp., (NASDAQ: BANX) ("ArrowMark Financial"), today announced that BANX’s estimated and unaudited Net Asset Value (“NAV”) as of May 31, 2024, was $21.76.

This estimated NAV is not a comprehensive statement of our financial condition or results for the month ended May 31, 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's (BANX) estimated NAV as of May 31, 2024?

ArrowMark Financial's (BANX) estimated NAV as of May 31, 2024, is $21.76 per share.

When did ArrowMark Financial (BANX) announce its estimated NAV for May 2024?

ArrowMark Financial (BANX) announced its estimated NAV for May 2024 on June 18, 2024.

Is the NAV announced by ArrowMark Financial (BANX) for May 2024 audited?

No, the NAV announced by ArrowMark Financial (BANX) for May 2024 is unaudited.

What does the estimated NAV of $21.76 imply for BANX investors?

The estimated NAV of $21.76 provides investors with a snapshot of ArrowMark Financial's value per share as of May 31, 2024, although it is not a comprehensive financial statement.