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ArrowMark Financial Corp. - BANX STOCK NEWS

Welcome to our dedicated page for ArrowMark Financial news (Ticker: BANX), a resource for investors and traders seeking the latest updates and insights on ArrowMark Financial stock.

ArrowMark Financial Corp. (symbol: BANX) is a non-diversified, closed-end management investment company that aims to provide its stockholders with current income and, to a lesser extent, capital appreciation. The company strategically invests in a variety of portfolios, including debt securities, trust preferred and preferred securities, exchange-traded funds (ETFs), money market funds, and more. These diversified investments allow ArrowMark Financial to navigate different market conditions and pursue its financial objectives effectively.

ArrowMark Financial has a keen focus on achieving consistent income for its investors. By investing in preferred and debt securities, the company aims to generate stable returns while maintaining a balanced approach to risk. This investment strategy is particularly significant in volatile markets where traditional equity investments might underperform. Furthermore, the inclusion of ETFs and money market funds adds liquidity and flexibility to the portfolio, enabling the company to manage market fluctuations proactively.

Recent financial reports and annual filings are accessible on the SEC's website and the company's investor relations page, offering transparency and insight into the company's performance and strategy.

ArrowMark Financial operates under the advisement of Destra Capital Advisors LLC, which provides secondary market services. Investors can reach out to Destra Capital Advisors for more information or clarification regarding their investments. The advisory relationship ensures that ArrowMark Financial leverages expert insights and market intelligence to guide its investment decisions.

Contact Information:
Email: BANX@destracapital.com | investorrelations@arrowmarkfinancialcorp.com
Phone: (877) 855-3434

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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.

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ArrowMark Financial Corp. releases estimated Net Asset Value of $21.24 as of March 28, 2024.
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ArrowMark Financial Corp. (NASDAQ: BANX) reported an estimated unaudited Net Asset Value (NAV) of $21.50 as of February 29, 2024.
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ArrowMark Financial Corp. (BANX) declares a cash distribution of $0.45 per share for Q1 2024, exceeding its net income of $0.67 per share for Q4 2023. Shareholders of record on March 21, 2024, will receive the distribution on March 28, 2024.
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ArrowMark Financial Corp. (BANX) reports an estimated unaudited Net Asset Value (NAV) of $21.32 as of January 31, 2024.
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ArrowMark Financial Corp. (BANX) announced an estimated unaudited Net Asset Value (NAV) of $21.43 as of December 31, 2023. The audited NAV for the same period will be released with the annual report and may differ significantly from the estimated NAV.
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ArrowMark Financial Corp. (BANX) reported an estimated unaudited Net Asset Value (NAV) of $21.76 as of November 30, 2023, with a net income of $0.72 per share for Q3 2023. The quarterly distribution rate was increased to $0.45 per share from $0.39 per share, showing consistent over-earning for four years, providing shareholders with consistent income.
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ArrowMark Financial Corp. (Nasdaq: BANX) has declared a special cash distribution of $0.10 per share generated from excess income, and a regular cash distribution of $0.45 per share for the fourth quarter 2023. The total distribution of $0.55 per share will be payable on January 5, 2024 to shareholders of record on December 29, 2023. Chairman & CEO Sanjai Bhonsle expressed the company's commitment to providing consistent risk-adjusted returns while focusing on capital preservation and income generation for shareholders.
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ArrowMark Financial Corp. (NASDAQ: BANX) Announces Estimated NAV of $21.45 as of October 31, 2023
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ArrowMark Financial Corp. announces estimated net asset value as of September 30, 2023
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FAQ

What is the current stock price of ArrowMark Financial (BANX)?

The current stock price of ArrowMark Financial (BANX) is $20.695 as of December 20, 2024.

What is the market cap of ArrowMark Financial (BANX)?

The market cap of ArrowMark Financial (BANX) is approximately 148.1M.

What is ArrowMark Financial Corp.?

ArrowMark Financial Corp. is a non-diversified, closed-end management investment company focused on providing stockholders with current income and capital appreciation.

What types of investments does ArrowMark Financial Corp. make?

The company invests in debt securities, trust preferred and preferred securities, exchange-traded funds (ETFs), money market funds, and other diversified portfolios.

How does ArrowMark Financial Corp. generate income for its investors?

ArrowMark Financial generates income primarily through investments in preferred and debt securities, aiming for stable returns while managing risk.

Who advises ArrowMark Financial Corp. on its investments?

Destra Capital Advisors LLC provides advisory services and secondary market support to ArrowMark Financial Corp.

Where can I find ArrowMark Financial Corp.'s financial reports?

Financial reports, including annual and semi-annual reports, are available on the SEC's website and ArrowMark Financial Corp.'s investor relations page.

What is the investment objective of ArrowMark Financial Corp.?

The primary objective is to provide current income to stockholders, with a secondary goal of capital appreciation.

How can investors contact ArrowMark Financial Corp.?

Investors can contact ArrowMark Financial Corp. via email at BANX@destracapital.com or investorrelations@arrowmarkfinancialcorp.com, or by calling (877) 855-3434.

What risks are associated with investing in ArrowMark Financial Corp.?

Investing in ArrowMark Financial involves various risks, including market, management, income, interest rate, banking industry, credit, and liquidity risks, among others.

Can shares of ArrowMark Financial trade at a premium or discount?

Yes, shares of closed-end investment companies like ArrowMark Financial may trade above (a premium) or below (a discount) their net asset value.

Is past performance an indicator of future results for ArrowMark Financial Corp.?

No, past performance does not guarantee future results. Investors should carefully review all available information before making investment decisions.

ArrowMark Financial Corp.

Nasdaq:BANX

BANX Rankings

BANX Stock Data

148.11M
7.07M
0.08%
17.19%
0.2%
Asset Management
Financial Services
Link
United States of America
New York