ArrowMark Financial Corp Stock Price, News & Analysis

StoneCastle Financial Corp. (Nasdaq: BANX) reported its third fiscal quarter results for 2021, ending September 30. The company invested approximately $20.9 million in six investments and realized $5.0 million from a partial sale. The estimated annualized yield of the portfolio was 9.20%. Net investment income reached $2,799,280 or $0.40 per share. Shareholders received a cash distribution of $0.38 per share. At quarter end, net assets totaled $154.5 million, with a net asset value of $21.86 per share.

StoneCastle Financial Corp. (Nasdaq: BANX) has filed a prospectus supplement with the SEC to offer and sell up to $30 million of its common stock through an at-the-market equity offering program. Sales will be conducted by B. Riley Securities, Inc. and are contingent upon various factors determined by the Company. The funds raised will be invested in line with its investment policy. Investors are encouraged to review the prospectus and related documents available on the SEC's website for comprehensive details and associated investment risks.

The estimated Net Asset Value (NAV) of StoneCastle Financial Corp. (NASDAQ: BANX) as of September 30, 2021, stands at $21.85. The company will hold a conference call on November 10, 2021, at 5:00 p.m. ET to discuss financial results and insights on bank-related assets. This call will be accessible via telephone and the Internet, with a replay available until November 24, 2021. The company aims to provide current income to stockholders and is managed by StoneCastle-ArrowMark Asset Management.

StoneCastle Financial Corp. (Nasdaq: BANX) has announced a cash distribution of $0.38 per share for Q3 2021. This distribution will be payable on September 28, 2021, to shareholders of record as of September 21, 2021. The press release highlights that some distributions may include returns of capital, not solely from net investment income. Shareholders will receive a Form 1099-DIV for tax reporting purposes at year-end, detailing distribution components.

StoneCastle Financial Corp. (Nasdaq: BANX) announced its second quarter results for the fiscal year ending June 30, 2021. The Company invested approximately $17.1 million in four investments, achieving realized proceeds of $81,000 from one investment and $3.9 million from five others. As of June 30, the estimated annualized yield of its portfolio was about 9.47%. The net investment income was $2,638,368 ($0.40 per share) with net assets totaling $143.4 million, resulting in a NAV of $21.80 per share. A cash distribution of $0.38 per share was paid on June 28, 2021.

StoneCastle Financial Corp. (NASDAQ: BANX) announced an estimated Net Asset Value (NAV) of $21.80 as of June 30, 2021. The Company will host a conference call on August 5, 2021, at 5:00 p.m. ET to discuss its financial results and insights into bank-related assets and the community banking market. The call will be accessible via phone and the Internet, with a replay available until August 19, 2021. Investors can find more information on the Company’s website.