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ArrowMark Financial Corp (BANX) provides investors with current income through a specialized portfolio of fixed income securities. This page serves as the definitive source for all company-related news, offering stakeholders timely updates on operational developments and financial performance.
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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.
ArrowMark Financial Corp. (NASDAQ: BANX) reported a slight decline in its estimated and unaudited Net Asset Value (NAV) for May 31, 2022, at $21.34, down $0.02 from the previous month. The company also announced the appointment of Dana Staggs as President, acknowledging his 27 years of experience and contributions to the firm since joining in 2017. Staggs has played a key role in the private debt and equity investments strategy and has a strong background in corporate development. The company remains subject to various investment risks, including market and management risks.
ArrowMark Financial Corp. (NASDAQ: BANX) has declared a cash distribution of $0.39 per share for Q2 2022, payable on June 29, 2022, to shareholders of record on June 22, 2022. A portion of these distributions may involve returns of capital, not just net investment income, and shareholders will receive a notice detailing the distribution components when paid. ArrowMark Financial aims to provide stockholders with current income and is managed by ArrowMark Asset Management, LLC.
ArrowMark Financial Corp. (Nasdaq: BANX) reported its first fiscal quarter results for 2022, ending March 31. The company invested $6.0 million in one investment and realized proceeds of $13.2 million from full calls across four investments, along with $4.0 million from partial paydowns. Net investment income was $3.0 million or $0.42 per share, despite a net realized and unrealized loss of ($0.29) per share. As of quarter-end, net assets totaled $152.2 million, with a Net Asset Value of $21.44 per share, a decline of ($0.26) from the previous quarter.
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