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

Rhea-AI Summary

ArrowMark Financial Corp. (NASDAQ: BANX) has announced its estimated and unaudited Net Asset Value (NAV) as of June 30, 2024. The NAV stands at $21.58 per share. It is important to note that this figure does not represent a complete financial statement or the final results for the month of June 2024. ArrowMark Financial made this announcement on July 11, 2024.

DENVER, July 11, 2024 (GLOBE NEWSWIRE) -- ArrowMark Financial Corp., (NASDAQ: BANX) ("ArrowMark Financial"), today announced that BANX’s estimated and unaudited Net Asset Value (“NAV”) as of June 30, 2024, was $21.58.

This estimated NAV is not a comprehensive statement of our financial condition or results for the month ended June 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 Net Asset Value (NAV) of ArrowMark Financial as of June 2024?

The estimated Net Asset Value (NAV) of ArrowMark Financial (NASDAQ: BANX) as of June 30, 2024, is $21.58 per share.

When did ArrowMark Financial announce its June 2024 estimated NAV?

ArrowMark Financial announced its June 2024 estimated NAV on July 11, 2024.

Is the June 2024 NAV figure from ArrowMark Financial audited?

No, the June 2024 NAV figure of $21.58 per share announced by ArrowMark Financial is estimated and unaudited.

Does the NAV of $21.58 for June 2024 represent the complete financials of ArrowMark Financial?

No, the NAV of $21.58 for June 2024 is not a comprehensive statement of ArrowMark Financial's financial condition or results for the month.