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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. (BANX) announced its fourth quarter results for 2020, reporting net investment income of $3,046,401, or $0.46 per share. The company invested approximately $42.5 million and realized proceeds of $12.2 million from full calls and $7.0 million from sales. Its Net Asset Value rose to $21.44 per share, with net assets at $140.79 million. The estimated annualized yield of the portfolio stood at 9.65%. A cash distribution of $0.43 per share was paid on January 5, 2021. A conference call is scheduled for March 1, 2021, to discuss these results further.
StoneCastle Financial Corp. (NASDAQ: BANX) will announce its financial results for the fiscal year ending December 31, 2020, after the market closes on March 1, 2021. A conference call is scheduled for the same day at 5:00 PM ET, where executives will discuss the financial results and share insights on bank-related assets and the community banking sector. The call can be accessed via phone or live webcast on the company's investor relations website. A replay will be available until March 15, 2021.
StoneCastle Financial Corp. (Nasdaq: BANX) has declared a total cash distribution of $0.43 per share for Q4 2020, comprising a special distribution of $0.05 per share and a regular distribution of $0.38 per share. This distribution reflects excess income generated during the year and highlights the company's investment strategy. Shareholders of record by December 21, 2020, will receive this distribution on January 5, 2021. A portion may include a return of capital, with tax notifications provided later to guide reporting.
StoneCastle Financial Corp (NASDAQ: BANX) reported its third fiscal quarter results for 2020, highlighting significant investment activities. The company invested approximately $23.7 million in three investments, with realized proceeds of $45.9 million from two investment sales and $3.9 million from partial paydowns. The estimated annualized yield for the invested portfolio was 9.18%. Net investment income reached $2.75 million or $0.42 per share, while net assets totaled $137.1 million, increasing its net asset value to $20.89 per share.
StoneCastle Financial Corp. (NASDAQ: BANX) reported a September 30, 2020 Net Asset Value (NAV) of $20.93, reflecting a $0.11 decrease from the previous month, largely due to a dividend payout of $0.38 per share on September 30, 2020. However, after reinvesting this dividend, the NAV increased by 1.55% month-over-month. The company will discuss its financial results and the community banking market in a conference call scheduled for November 12, 2020, at 5:00 p.m. Eastern Time.
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