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

Rhea-AI Summary

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.

News Market Reaction

+4.37%

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+4.37% News Effect

On the day this news was published, BANX gained 4.37%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

DENVER, Oct. 14, 2024 (GLOBE NEWSWIRE) -- ArrowMark Financial Corp., (NASDAQ: BANX) ("ArrowMark Financial"), today announced that BANX’s estimated and unaudited Net Asset Value (“NAV”) as of September 30, 2024, was $21.73.

This estimated NAV is not a comprehensive statement of our financial condition or results for the month ended September 30, 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

FAQ

What was ArrowMark Financial Corp's (BANX) estimated NAV as of September 30, 2024?

ArrowMark Financial Corp. (BANX) reported an estimated and unaudited Net Asset Value (NAV) of $21.73 as of September 30, 2024.

When did ArrowMark Financial Corp (BANX) release its September 2024 estimated NAV?

ArrowMark Financial Corp. (BANX) released its September 2024 estimated NAV on October 14, 2024.

Is the September 2024 NAV of $21.73 for ArrowMark Financial Corp (BANX) audited?

No, the $21.73 NAV reported by ArrowMark Financial Corp (BANX) for September 30, 2024, is estimated and unaudited.

Does the estimated NAV of $21.73 represent ArrowMark Financial Corp's (BANX) complete financial condition?

No, ArrowMark Financial Corp (BANX) stated that the estimated NAV of $21.73 is not a comprehensive statement of their financial condition or results for the month ended September 30, 2024.