ArrowMark Financial Corp. Announces Q1 2025 Results and Cash Distribution of $0.45 per Share for the Second Quarter 2025

Rhea-AI Summary

ArrowMark Financial Corp. (BANX) has announced its Q1 2025 financial results and declared a Q2 2025 cash distribution. The company will pay a dividend of $0.45 per share on June 27, 2025, to shareholders of record as of June 23, 2025. CEO Sanjai Bhonsle highlighted that the company's Q1 2025 net income of $0.58 per share significantly exceeded the quarterly distribution amount. The company has maintained a track record of over-earning its quarterly distribution rate for the past four years, successfully meeting its objective of providing consistent shareholder income.

Positive

• Q1 2025 net income of $0.58 per share exceeds quarterly distribution of $0.45 per share
• Consistent four-year track record of over-earning quarterly distribution rate
• Maintained stable quarterly dividend distribution

Negative

• None.

DENVER, June 17, 2025 (GLOBE NEWSWIRE) -- ArrowMark Financial Corp. (Nasdaq: BANX) ("ArrowMark 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 $0.45 per share for the second quarter 2025. The total distribution of $0.45 per share will be payable on June 27, 2025 to shareholders of record on June 23, 2025.

“We are very pleased to announce the net income for Q1 2025 was $0.58 per share, well in excess of the quarterly distribution amount of $0.45 per share. Over the past four years, the Fund has consistently over-earned its quarterly distribution rate. This has allowed the Fund to deliver on its objective to provide shareholders with consistent income,” said Chairman & CEO Sanjai Bhonsle.

About ArrowMark Financial Corp.

ArrowMark Financial Corp. is an SEC registered non-diversified, closed-end fund listed on the NASDAQ Global Select Market under the symbol “BANX.” Its investment objective is to provide shareholders with current income. The Fund pursues its objective by investing primarily in regulatory capital securities of financial institutions. ArrowMark Financial is managed by ArrowMark Asset Management, LLC. To learn more, visit ir.arrowmarkfinancialcorp.com or contact the Fund’s secondary market service agent at 877-855-3434.

Disclaimer and Risk Factors:

There is no assurance that ArrowMark Financial will achieve its investment objective. ArrowMark Financial is subject to numerous risks, including investment and market risks, management risk, income and interest rate risks, banking industry risks, preferred stock risk, convertible securities risk, debt securities risk, liquidity risk, valuation risk, leverage risk, non-diversification risk, credit and counterparty risks, market at a discount from net asset value risk and market disruption risk. Shares of closed-end investment companies may trade above (a premium) or below (a discount) their net asset value. Shares of ArrowMark Financial may not be appropriate for all investors. Investors should review and consider carefully ArrowMark Financial's investment objective, risks, charges and expenses. Past performance does not guarantee future results.

The Annual Report, Semi-Annual Report and other regulatory filings of the Fund with the SEC are accessible on the SEC's website at www.sec.gov and on the Fund’s website at ir.arrowmarkfinancialcorp.com.

Contact:

BANX@destracapital.com

Destra Capital Advisors LLC (877) 855-3434
Destra Capital Advisors LLC provides secondary market services for the Fund by agreement.

FAQ

What is ArrowMark Financial's (BANX) Q2 2025 dividend amount?

ArrowMark Financial (BANX) declared a cash distribution of $0.45 per share for Q2 2025.

When is the BANX Q2 2025 dividend payment date?

The dividend will be paid on June 27, 2025, to shareholders of record as of June 23, 2025.

What was ArrowMark Financial's (BANX) Q1 2025 net income per share?

ArrowMark Financial reported Q1 2025 net income of $0.58 per share.

How long has BANX maintained its dividend coverage?

According to CEO Sanjai Bhonsle, the Fund has consistently over-earned its quarterly distribution rate for the past four years.

What is BANX's dividend coverage ratio for Q1 2025?

Based on Q1 2025 net income of $0.58 per share and distribution of $0.45 per share, the dividend coverage ratio is approximately 129%.