ArrowMark Financial (BANX) News & Sentiment

DENVER, March 05, 2025 (GLOBE NEWSWIRE) -- ArrowMark Financial Corp. (Nasdaq: BANX) ("ArrowMark Financial" or the "Company"), an SEC registered closed-end management investment company, today announced that its Board of Directors has declared a special cash distribution of $0.10 per share generated from excess income, and a regular cash distribution of $0.45 per share for the first quarter 2025. The total distribution of $0.55 per share will be payable on March 27, 2025 to shareholders of record on March 20, 2025.

DENVER, Feb. 26, 2025 (GLOBE NEWSWIRE) -- ArrowMark Financial Corp., (NASDAQ: BANX) ("ArrowMark Financial"), today announced that BANX's estimated and unaudited Net Asset Value (“NAV”) as of January 31, 2025, was $22.11.

ArrowMark Financial Corp. focuses on high income through investments in Regulatory Capital Relief Securities, comprising 87% of its portfolio, primarily issued by major banks. BANX currently offers an attractive and fully covered 8.5% distribution yield and is currently trading at a discount of roughly -3.5% (based on NAV as of Dec. 31, 2024). It is probably a good bet on getting consistent and fully covered high income, as long as interest rates stay reasonably high. However, there are some risks involved, and the fund may be a bit pricey as the discount has significantly narrowed during the last six months.

DENVER, Jan. 15, 2025 (GLOBE NEWSWIRE) -- ArrowMark Financial Corp., (NASDAQ: BANX) ("ArrowMark Financial"), today announced that BANX's estimated and unaudited Net Asset Value (“NAV”) as of December 31, 2024, was $21.80.

ArrowMark Financial Corp offers a high dividend yield near 10%, but better yields exist with similar or better credit risks. BANX's portfolio focuses on regulatory capital relief securities, providing high yields through floating rates and modest leverage. Future income may decline slightly with projected rate cuts, and BANX lacks significant capital appreciation potential compared to other funds.

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DENVER, Dec. 17, 2024 (GLOBE NEWSWIRE) -- ArrowMark Financial Corp. (NASDAQ: BANX) ("ArrowMark Financial"), today announced that BANX's estimated and unaudited Net Asset Value (“NAV”) as of November 30, 2024, was $22.24.

DENVER, Dec. 04, 2024 (GLOBE NEWSWIRE) -- ArrowMark Financial Corp. (Nasdaq: BANX) ("ArrowMark Financial" or the "Company"), an SEC registered closed-end management investment company, today announced that its Board of Directors has declared a special cash distribution of $0.20 per share generated from excess income, and a regular cash distribution of $0.45 per share for the fourth quarter 2024. The total distribution of $0.65 per share will be payable on January 3, 2025 to shareholders of record on December 26, 2024.

DENVER, Nov. 19, 2024 (GLOBE NEWSWIRE) -- ArrowMark Financial Corp., (NASDAQ: BANX) ("ArrowMark Financial"), today announced that BANX's estimated and unaudited Net Asset Value (“NAV”) as of October 31, 2024, was $22.02.