ArrowMark Financial Corp Stock Price, News & Analysis

ArrowMark Financial Corp. (Nasdaq: BANX) has declared a total cash distribution of $0.49 per share for Q4 2022, comprising a special cash distribution of $0.10 per share and a regular cash distribution of $0.39 per share. The distribution will be payable on January 5, 2023, to shareholders of record as of December 29, 2022. The company attributes this special distribution to a stable Net Asset Value and its capacity to generate excess income during 2022. This move underlines ArrowMark's commitment to delivering long-term value to shareholders.

ArrowMark Financial Corp. (BANX) reported its third-quarter results for 2022, posting net investment income of $3.3 million, or $0.46 per share, from $5.3 million in gross income after $2.0 million in expenses. The company realized proceeds of approximately $14.9 million from investment sales and partial paydowns. The estimated annual yield from its invested portfolio rose to 11.85%, an increase of 174 basis points from the previous quarter. The company's net assets were $147.3 million, with a Net Asset Value of $20.74 per share, down $0.20 from the prior quarter. A regular cash distribution of $0.39 per share was paid on September 29, 2022.

ArrowMark Financial Corp. (NASDAQ: BANX) reported an estimated unaudited Net Asset Value (NAV) of $20.74 per share for September 30, 2022. This NAV includes a third-quarter cash dividend of $0.39 per share, paid on September 29, 2022. Investors can join a conference call on November 9, 2022, at 5:00 p.m. ET to discuss financial results, investment performance, and market views on bank-related assets. Participants can access the call via telephone or through the company’s investor relations website.

ArrowMark Financial Corp. (NASDAQ: BANX) declared a cash distribution of $0.39 per share for Q3 2022, payable on September 29, 2022, to shareholders on record as of September 22, 2022. A portion of this distribution may include a return of capital, not solely derived from net investment income. The company advises shareholders that tax implications may vary and will provide a Form 1099-DIV at year-end for accurate reporting. ArrowMark Financial aims to provide stockholders with current income and is managed by ArrowMark Asset Management, LLC.

ArrowMark Financial Corp. (NASDAQ: BANX) reported an estimated and unaudited Net Asset Value (NAV) of $21.10 as of July 31, 2022, indicating an increase of $0.16 from the previous month. Additionally, Chairman & CEO Sanjai Bhonsle will ring the NASDAQ Closing Bell on August 16, 2022, at 4:00 PM ET, marking the two-year anniversary of ArrowMark Asset Management, LLC. The event will also commemorate the financial results for Q2 2022, released on August 4, 2022. Investors are advised to consider the many risks associated with investing in closed-end funds.

ArrowMark Financial Corp. (BANX) reported its second fiscal quarter results for 2022, showing an estimated annualized yield of approximately 10.11%, an increase from 9.53% in the prior quarter. The company invested $23.8 million in four investments and realized proceeds of about $14.8 million from various investment sales and paydowns. Net investment income for the quarter was $3.0 million or $0.43 per share, while the net asset value decreased to $20.94 per share. A cash distribution of $0.39 per share was paid to shareholders.

ArrowMark Financial Corp. (NASDAQ: BANX) reported an estimated net asset value (NAV) of $20.94 per share as of June 30, 2022. This figure accounts for a cash dividend of $0.39 per share paid on June 29, 2022. The company plans to hold a conference call on August 4, 2022, at 5:00 p.m. ET to discuss its financial results and market outlook. The call will be accessible via telephone and a live webcast. ArrowMark is a closed-end investment company managed by ArrowMark Asset Management.