StoneCastle Financial Corp. Announces Cash Distribution of $0.38 Per Share for Third Quarter 2020
StoneCastle Financial Corp. (NASDAQ: BANX) has declared a cash distribution of $0.38 per share for Q3 2020, payable on September 30, 2020, to shareholders of record by September 25, 2020. A portion of the distributions may include sources beyond net investment income, such as a return of capital. Shareholders will receive a notice detailing the estimated components at the time of payment. The company aims to provide current income and capital appreciation, managed by StoneCastle-ArrowMark Asset Management.
- Declared a cash distribution of $0.38 per share, reinforcing income for shareholders.
- A portion of the distribution may include a return of capital, which is not from income or gains.
DENVER, Sept. 11, 2020 (GLOBE NEWSWIRE) -- StoneCastle Financial Corp. (Nasdaq: BANX) ("StoneCastle Financial" or the "Company"), an SEC registered closed-end management investment company, today announced that its Board of Directors has declared a cash distribution of
Disclosures
A portion of the Company’s distributions may include sources other than net investment income, including a return of capital. Investors should understand that a return of capital is not a distribution from income or gains of a Company. As required under the Investment Company Act of 1940, as amended, a notice with the estimated components of the distribution will be sent to shareholders at the time of payment if it does not consist solely of net investment income. The notice should not be used to prepare tax returns as the estimates indicated in the notice may differ from the ultimate federal income tax characterization of distributions. After the end of each calendar year, investors will be sent a Form 1099-DIV informing them how to report distributions received during that year for federal income tax purposes.
About StoneCastle Financial
StoneCastle Financial is an SEC registered non-diversified, closed-end investment company listed on the NASDAQ Global Select Market under the symbol “BANX.” Its investment objective is to provide stockholders with current income and, to a lesser extent, capital appreciation. StoneCastle Financial is managed by StoneCastle-ArrowMark Asset Management, LLC. To learn more, visit www.stonecastle-financial.com.
Forward-Looking Statements
This press release contains statements that are not historical facts and are forward-looking statements based on current management expectations involving substantial risks and uncertainties that could cause actual results to differ materially from the results expressed in, or implied by, these forward-looking statements. Actual future results may differ significantly from those stated in any forward-looking statement, depending on factors such as changes in securities or financial markets or general economic conditions, the volume of sales and purchases of shares of common stock, the continuation of investment advisory, administrative and service contracts, and other risks discussed from time to time in StoneCastle Financial’s filings with the SEC.
CONTACT:
Investor Contact:
Julie Muraco
212-468-5441
Source: StoneCastle Financial Corp.
FAQ
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