StoneCastle Financial Corp. to Host the Second Fiscal Quarter 2020 Earnings Conference Call and Announces Net Asset Value as of June 30, 2020

Rhea-AI Summary

StoneCastle Financial Corp. (NASDAQ: BANX) announced an increase in its June 30, 2020 Net Asset Value (NAV) to $20.27, reflecting a $1.27 or 9.06% rise from the previous quarter after reinvestment of dividends. The company is scheduled to hold a conference call on August 6, 2020, at 5:00 p.m. ET to discuss financial results and investment performance. The call will feature CEO Sanjai Bhonsle and CFO Patrick Farrell, and will be accessible via phone and webcast.

Positive

• NAV increased to $20.27, up 9.06% quarter-over-quarter.

Negative

• None.

DENVER, July 23, 2020 (GLOBE NEWSWIRE) -- StoneCastle Financial Corp., (NASDAQ:BANX) ("StoneCastle Financial" or the “Company”), today announced that the Company’s June 30, 2020 Net Asset Value (“NAV”) was $20.27.  The NAV increased $1.27 or 9.06%, after reinvestment of dividends, as compared to the prior quarter-end NAV.

StoneCastle Financial will host a conference call for investors and other interested parties beginning at 5:00 p.m. (Eastern Time) on Thursday, August 6, 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 August 6, 2020 through midnight (Eastern Time) on August 20, 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 13706664.  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
212-468-5441

FAQ

What is the latest NAV for StoneCastle Financial (BANX)?

As of June 30, 2020, StoneCastle Financial's NAV is $20.27.

When is the next earnings call for StoneCastle Financial (BANX)?

The next earnings call is scheduled for August 6, 2020, at 5:00 p.m. ET.

How much did the NAV increase for BANX in the last quarter?

The NAV increased by $1.27 or 9.06% compared to the prior quarter.