ArrowMark Financial Corp Stock Price, News & Analysis

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.

StoneCastle Financial Corp. has officially changed its name to ArrowMark Financial Corp. as of February 24, 2022. This rebranding aligns the company with the ArrowMark Partners platform, enhancing its operational integration. The ticker symbol (NASDAQ:BANX) and CUSIP remain unchanged. ArrowMark Financial retains its existing management team and investment strategies focused on income generation and risk-adjusted returns. Shareholders will benefit from the expanded resources under ArrowMark Partners.

StoneCastle Financial Corp. (NASDAQ: BANX) announced an estimated Net Asset Value (NAV) of $21.74 as of January 31, 2022. The company will discuss its financial results and market views in a conference call on February 28, 2022, at 5:00 p.m. ET, hosted by CEO Sanjai Bhonsle and CFO Patrick Farrell. Investors can join via phone or a live webcast from the company's investor relations site. A replay will be available from 8:00 p.m. ET on the same day.

StoneCastle Financial (Nasdaq: BANX) announced a total cash distribution of $0.48 per share, comprising a special cash distribution of $0.10 and a regular distribution of $0.38 for Q4 2021. This reflects the company's prudent investment strategy and ability to generate excess income. The distribution is payable on January 5, 2022 to shareholders of record by December 29, 2021. The announcement emphasizes the company's commitment to maximizing shareholder returns, although part of the distribution may involve a return of capital.