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
ArrowMark Financial Corp. (NASDAQ: BANX) announced a cash distribution of $0.39 per share for Q1 2023, payable on March 31, 2023. This follows a strong performance with net income of $0.53 per share in Q4 2022, exceeding the distribution rate. The company expressed commitment to enhancing shareholder value through consistent distributions and risk-adjusted returns. Shareholders of record by March 24, 2023 will receive the payout. ArrowMark operates as a non-diversified, closed-end fund primarily investing in regulatory capital securities of financial institutions.
ArrowMark Financial Corp. (Nasdaq: BANX) has declared a total cash distribution of $0.49 per share for Q4 2022, comprising a special cash distribution of $0.10 per share and a regular cash distribution of $0.39 per share. The distribution will be payable on January 5, 2023, to shareholders of record as of December 29, 2022. The company attributes this special distribution to a stable Net Asset Value and its capacity to generate excess income during 2022. This move underlines ArrowMark's commitment to delivering long-term value to shareholders.
ArrowMark Financial Corp. (BANX) reported its third-quarter results for 2022, posting net investment income of $3.3 million, or $0.46 per share, from $5.3 million in gross income after $2.0 million in expenses. The company realized proceeds of approximately $14.9 million from investment sales and partial paydowns. The estimated annual yield from its invested portfolio rose to 11.85%, an increase of 174 basis points from the previous quarter. The company's net assets were $147.3 million, with a Net Asset Value of $20.74 per share, down $0.20 from the prior quarter. A regular cash distribution of $0.39 per share was paid on September 29, 2022.
ArrowMark Financial Corp. (NASDAQ: BANX) reported an estimated unaudited Net Asset Value (NAV) of $20.74 per share for September 30, 2022. This NAV includes a third-quarter cash dividend of $0.39 per share, paid on September 29, 2022. Investors can join a conference call on November 9, 2022, at 5:00 p.m. ET to discuss financial results, investment performance, and market views on bank-related assets. Participants can access the call via telephone or through the company’s investor relations website.
ArrowMark Financial Corp. (NASDAQ: BANX) declared a cash distribution of $0.39 per share for Q3 2022, payable on September 29, 2022, to shareholders on record as of September 22, 2022. A portion of this distribution may include a return of capital, not solely derived from net investment income. The company advises shareholders that tax implications may vary and will provide a Form 1099-DIV at year-end for accurate reporting. ArrowMark Financial aims to provide stockholders with current income and is managed by ArrowMark Asset Management, LLC.
ArrowMark Financial Corp. (NASDAQ: BANX) reported an estimated and unaudited Net Asset Value (NAV) of $21.10 as of July 31, 2022, indicating an increase of $0.16 from the previous month. Additionally, Chairman & CEO Sanjai Bhonsle will ring the NASDAQ Closing Bell on August 16, 2022, at 4:00 PM ET, marking the two-year anniversary of ArrowMark Asset Management, LLC. The event will also commemorate the financial results for Q2 2022, released on August 4, 2022. Investors are advised to consider the many risks associated with investing in closed-end funds.
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