ArrowMark Financial Corp. reports news as an SEC-registered, non-diversified closed-end management investment company listed on Nasdaq under BANX. The fund seeks current income by investing primarily in regulatory capital securities of financial institutions and is managed by ArrowMark Asset Management, LLC.
Recurring company updates focus on cash distributions, periodic results, net asset value references, and capital actions involving common shares. News also covers rights offerings, registered direct offerings, and the fund’s use of offering proceeds within its stated investment objective and policies.
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.
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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.
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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.
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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.
Summary not available.