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
StoneCastle Financial Corp. has officially changed its name to ArrowMark Financial Corp. as of February 24, 2022. This rebranding aligns the company with the ArrowMark Partners platform, enhancing its operational integration. The ticker symbol (NASDAQ:BANX) and CUSIP remain unchanged. ArrowMark Financial retains its existing management team and investment strategies focused on income generation and risk-adjusted returns. Shareholders will benefit from the expanded resources under ArrowMark Partners.
StoneCastle Financial Corp. (NASDAQ: BANX) announced an estimated Net Asset Value (NAV) of $21.74 as of January 31, 2022. The company will discuss its financial results and market views in a conference call on February 28, 2022, at 5:00 p.m. ET, hosted by CEO Sanjai Bhonsle and CFO Patrick Farrell. Investors can join via phone or a live webcast from the company's investor relations site. A replay will be available from 8:00 p.m. ET on the same day.
StoneCastle Financial (Nasdaq: BANX) announced a total cash distribution of $0.48 per share, comprising a special cash distribution of $0.10 and a regular distribution of $0.38 for Q4 2021. This reflects the company's prudent investment strategy and ability to generate excess income. The distribution is payable on January 5, 2022 to shareholders of record by December 29, 2021. The announcement emphasizes the company's commitment to maximizing shareholder returns, although part of the distribution may involve a return of capital.
StoneCastle Financial Corp. (Nasdaq: BANX) reported its third fiscal quarter results for 2021, ending September 30. The company invested approximately $20.9 million in six investments and realized $5.0 million from a partial sale. The estimated annualized yield of the portfolio was 9.20%. Net investment income reached $2,799,280 or $0.40 per share. Shareholders received a cash distribution of $0.38 per share. At quarter end, net assets totaled $154.5 million, with a net asset value of $21.86 per share.
StoneCastle Financial Corp. (Nasdaq: BANX) has filed a prospectus supplement with the SEC to offer and sell up to $30 million of its common stock through an at-the-market equity offering program. Sales will be conducted by B. Riley Securities, Inc. and are contingent upon various factors determined by the Company. The funds raised will be invested in line with its investment policy. Investors are encouraged to review the prospectus and related documents available on the SEC's website for comprehensive details and associated investment risks.
The estimated Net Asset Value (NAV) of StoneCastle Financial Corp. (NASDAQ: BANX) as of September 30, 2021, stands at $21.85. The company will hold a conference call on November 10, 2021, at 5:00 p.m. ET to discuss financial results and insights on bank-related assets. This call will be accessible via telephone and the Internet, with a replay available until November 24, 2021. The company aims to provide current income to stockholders and is managed by StoneCastle-ArrowMark Asset Management.
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