StoneCastle Financial Corp. Announces Net Asset Value as of September 30, 2020 and Sets Date to Host the Third Fiscal Quarter 2020 Earnings Conference Call

Rhea-AI Summary

StoneCastle Financial Corp. (NASDAQ: BANX) reported a September 30, 2020 Net Asset Value (NAV) of $20.93, reflecting a $0.11 decrease from the previous month, largely due to a dividend payout of $0.38 per share on September 30, 2020. However, after reinvesting this dividend, the NAV increased by 1.55% month-over-month. The company will discuss its financial results and the community banking market in a conference call scheduled for November 12, 2020, at 5:00 p.m. Eastern Time.

Positive

• NAV increased by 1.55% after dividend reinvestment.
• Upcoming conference call to discuss financial results may provide insights.

Negative

• NAV decreased by $0.11 from the previous month due to dividend payment.

DENVER, Oct. 21, 2020 (GLOBE NEWSWIRE) -- StoneCastle Financial Corp., (NASDAQ: BANX) ("StoneCastle Financial" or the “Company”), today announced that the Company’s September 30, 2020 Net Asset Value (“NAV”) was $20.93. The NAV was down ($0.11) from the prior month which reflects the September dividend of $0.38 per share paid to shareholders on September 30, 2020. After reinvestment of this dividend, the NAV was up +1.55% as compared to the prior month-end.

StoneCastle Financial will host a conference call for investors and other interested parties beginning at 5:00 p.m. (Eastern Time) on Thursday, November 12, 2020 to discuss the Company’s financial results and investment performance and provide its current views on bank-related assets and the community banking market. The call will be hosted by Sanjai Bhonsle, Chairman and Chief Executive Officer and Patrick Farrell, Chief Financial Officer.

The conference call will be accessible by telephone and the Internet. To access the call, participants from within the U.S. may dial 1-877-407-9039 and participants from outside the U.S. may dial 1-201-689-8470. Participants may also access the call via live webcast by visiting StoneCastle Financial’s investor relations website at www.stonecastle-financial.com.

The replay of the call will be available from approximately 8:00 p.m. (Eastern Time) on November 12, 2020 through midnight (Eastern Time) on November 26, 2020. To access the replay, the domestic dial-in number is 1-844-512-2921 the international dial-in number is 1-412-317-6671 and the passcode is 13712218. The archive of the webcast will be available on the StoneCastle Financial’s website at www.stonecastle-financial.com for a limited time.

About StoneCastle Financial Corp.

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.

Contact:

Julie Muraco
Investor Relations
212-468-5441

FAQ

What is the NAV for BANX as of September 30, 2020?

The NAV for StoneCastle Financial Corp. (BANX) as of September 30, 2020, is $20.93.

How much was the dividend paid by BANX in September 2020?

StoneCastle Financial paid a dividend of $0.38 per share on September 30, 2020.

When will the BANX conference call take place?

The conference call for StoneCastle Financial (BANX) is scheduled for November 12, 2020, at 5:00 p.m. Eastern Time.

What was the change in NAV for BANX month-over-month?

The NAV for StoneCastle Financial decreased by $0.11 month-over-month.