ArrowMark Financial Corp Stock Price, News & Analysis

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.

ArrowMark Financial Corp. (NASDAQ: BANX) announced its estimated Net Asset Value (NAV) of $21.44 as of March 31, 2022. The company will hold a conference call on May 12, 2022, at 5:00 p.m. ET to discuss its financial results, investment performance, and market views on bank-related assets. The call will be accessible via telephone and live webcast. Participants can find replay access on the investor relations website. The company, managed by ArrowMark Asset Management, operates as a closed-end investment entity.

ArrowMark Financial Corp. (Nasdaq: BANX) announced a quarterly cash distribution increase to $0.39 per share, up from $0.38, effective for Q1 2022. The distribution will be payable on March 28, 2022, to shareholders of record as of March 21, 2022. Chairman & CEO Sanjai Bhonsle highlighted this increase reflects the company's capacity to consistently over-earn its declared dividend. However, investors should note that a portion of the distributions may include a return of capital, not solely net investment income, which can affect tax reporting.

ArrowMark Financial Corp. (Nasdaq: BANX) reported its fourth fiscal quarter results for the period ended December 31, 2021. The company invested approximately $22.5 million in five investments, realizing proceeds of $14.1 million from multiple transactions. The estimated annualized yield of the portfolio increased to 9.48%.

Net investment income was $2,870,872 or $0.41 per share, while net assets stood at $153.5 million. The Net Asset Value decreased to $21.70 per share. A regular cash distribution of $0.38 per share and a special dividend of $0.10 were announced, totaling $0.48 per share.