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

Rhea-AI Summary

ArrowMark Financial Corp. (NASDAQ: BANX) announced its estimated and unaudited Net Asset Value (NAV) for April 2024. As of April 30, 2024, the NAV stood at $21.49.

This figure provides a snapshot of the company's financial health but does not represent a complete financial statement for the month. Investors should consider this value as an estimate and not a final, audited figure.

Positive

• Estimated NAV of $21.49 indicates a specific figure for investors to reference.
• Releasing NAV provides transparency and a level of investor confidence.
• NAV reporting is a standard practice that aligns with regulatory expectations.

Negative

• The NAV is estimated and unaudited, limiting its reliability.
• No comprehensive financial condition or results for the month are provided.
• Lack of detailed financial data could lead to investor uncertainty.

DENVER, May 13, 2024 (GLOBE NEWSWIRE) -- ArrowMark Financial Corp., (NASDAQ: BANX) ("ArrowMark Financial"), today announced that BANX’s estimated and unaudited Net Asset Value (“NAV”) as of April 30, 2024, was $21.49.

This estimated NAV is not a comprehensive statement of our financial condition or results for the month ended April 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 | investorrelations@arrowmarkfinancialcorp.com

FAQ

What is the estimated NAV of ArrowMark Financial Corp. (BANX) for April 2024?

The estimated Net Asset Value (NAV) of ArrowMark Financial Corp. (BANX) for April 2024 is $21.49.

Is the NAV of BANX for April 2024 audited?

No, the NAV of BANX for April 2024 is estimated and unaudited.

Why is the NAV of ArrowMark Financial Corp. significant?

The NAV provides a snapshot of the company's financial health and offers transparency to investors.

What does the NAV figure for BANX include?

The NAV figure for BANX includes an estimated value of the company's net assets as of April 30, 2024, but does not represent a comprehensive financial statement.