ArrowMark Financial Corp Stock Price, News & Analysis

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.

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.