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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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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.
StoneCastle Financial Corp. (NASDAQ: BANX) has announced a registered direct offering of 492,234 shares at a price of $21.89 each, raising approximately $10.78 million. The Net Asset Value (NAV) at the time of the offering was $21.85, making the transaction accretive to current shareholders. The proceeds will be used in line with the company’s investment strategy. This offering is executed under a previously filed shelf registration with the SEC, ensuring compliance and transparency.
StoneCastle Financial Corp. (Nasdaq: BANX) has announced a cash distribution of $0.38 per share for Q2 2021, payable on June 28, 2021, to shareholders on record as of June 21, 2021. Portions of the distribution may include sources other than net investment income, such as a return of capital. Shareholders will receive notifications detailing the estimated components of the distribution at payment time. StoneCastle Financial focuses on providing current income and capital appreciation.
StoneCastle Financial Corp. (BANX) reported its first quarter results for 2021. The company invested approximately $17.5 million in six investments and realized proceeds of $4.7 million from one investment's maturity. Net investment income reached $2,603,278 or $0.40 per share. The Net Asset Value rose to $21.62 per share, an increase of $0.18 from the previous quarter. A cash distribution of $0.38 per share was paid on March 25, 2021. Total assets stood at $182,525,474 with $39.0 million drawn from its credit facility.
StoneCastle Financial Corp. (NASDAQ: BANX) reported a March 31, 2021 estimated Net Asset Value (NAV) of $21.62, reflecting a decrease of $0.06 from the previous month. The company will discuss its financial results and insights into bank-related assets during an investor conference call on May 13, 2021, at 5:00 p.m. ET. Participants can join via telephone or through a live webcast on the company's investor relations website.
StoneCastle Financial (Nasdaq: BANX) announced a cash distribution of $0.38 per share for Q1 2021, payable on March 25, 2021 to shareholders on record as of March 18, 2021. The distribution may include returns of capital, not solely net investment income, and will be detailed in a notice to shareholders at payment time. Investors will receive a Form 1099-DIV for tax reporting at year-end. The company seeks to provide current income and some capital appreciation, and is managed by StoneCastle-ArrowMark Asset Management.
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