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. (NASDAQ: BANX) is an SEC-registered, non-diversified, closed-end management investment company focused on providing shareholders with current income, and to a lesser extent, capital appreciation. This news page aggregates company announcements, regulatory disclosures and market-related updates about BANX.
In its public communications, ArrowMark Financial highlights its strategy of investing primarily in regulatory capital securities of financial institutions. News items often describe how the fund’s investment activity and income generation support its objective of providing consistent income to shareholders, while also referencing the risks associated with its focus on financial institution securities and its non-diversified structure.
Typical BANX news coverage includes declarations of regular cash distributions and special distributions generated from excess income, information on changes to the distribution schedule, and details of capital-raising transactions such as registered direct offerings and rights offerings conducted under effective registration statements. The company also issues press releases about estimated and unaudited month-end net asset value figures, as well as governance updates such as board appointments and related committee service.
Investors following BANX news can see how ArrowMark Financial communicates its performance metrics, distribution decisions, and capital markets activity within the context of its stated investment objective and risk profile. This page provides a centralized view of these developments, alongside references to the fund’s SEC filings and prospectus materials, which the company urges investors to review carefully when evaluating its shares.
StoneCastle Financial Corp. (NASDAQ: BANX) reported a March 31, 2021 estimated Net Asset Value (NAV) of $21.62, reflecting a decrease of $0.06 from the previous month. The company will discuss its financial results and insights into bank-related assets during an investor conference call on May 13, 2021, at 5:00 p.m. ET. Participants can join via telephone or through a live webcast on the company's investor relations website.
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.
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