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 (Nasdaq: BANX) announced a cash distribution of $0.38 per share for Q1 2021, payable on March 25, 2021 to shareholders on record as of March 18, 2021. The distribution may include returns of capital, not solely net investment income, and will be detailed in a notice to shareholders at payment time. Investors will receive a Form 1099-DIV for tax reporting at year-end. The company seeks to provide current income and some capital appreciation, and is managed by StoneCastle-ArrowMark Asset Management.
StoneCastle Financial Corp. (BANX) announced its fourth quarter results for 2020, reporting net investment income of $3,046,401, or $0.46 per share. The company invested approximately $42.5 million and realized proceeds of $12.2 million from full calls and $7.0 million from sales. Its Net Asset Value rose to $21.44 per share, with net assets at $140.79 million. The estimated annualized yield of the portfolio stood at 9.65%. A cash distribution of $0.43 per share was paid on January 5, 2021. A conference call is scheduled for March 1, 2021, to discuss these results further.
StoneCastle Financial Corp. (NASDAQ: BANX) will announce its financial results for the fiscal year ending December 31, 2020, after the market closes on March 1, 2021. A conference call is scheduled for the same day at 5:00 PM ET, where executives will discuss the financial results and share insights on bank-related assets and the community banking sector. The call can be accessed via phone or live webcast on the company's investor relations website. A replay will be available until March 15, 2021.
StoneCastle Financial Corp. (Nasdaq: BANX) has declared a total cash distribution of $0.43 per share for Q4 2020, comprising a special distribution of $0.05 per share and a regular distribution of $0.38 per share. This distribution reflects excess income generated during the year and highlights the company's investment strategy. Shareholders of record by December 21, 2020, will receive this distribution on January 5, 2021. A portion may include a return of capital, with tax notifications provided later to guide reporting.
StoneCastle Financial Corp (NASDAQ: BANX) reported its third fiscal quarter results for 2020, highlighting significant investment activities. The company invested approximately $23.7 million in three investments, with realized proceeds of $45.9 million from two investment sales and $3.9 million from partial paydowns. The estimated annualized yield for the invested portfolio was 9.18%. Net investment income reached $2.75 million or $0.42 per share, while net assets totaled $137.1 million, increasing its net asset value to $20.89 per share.
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