ArrowMark Financial

StoneCastle Financial Corp. operates as a closed-end investment fund. It intends to provide stockholders with current income and to a lesser extent, capital appreciation, through preferred equity, subordinated debt and common equity investments predominantly in U.S. domiciled community banks. The company was founded on February 7, 2013 and is headquartered in Denver, CO.

Earnings data Q1 2020

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Earnings data Q3 2023

Earnings data Q4 2023

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ArrowMark Financial: Niche 10% Yield, Very Strong Q3 2023 Earnings, 15% Discount

New American High Income Fund

ArrowMark Financial Corp and New America High Income Fund are two closed-end funds that generate significant net investment income and trade at attractive discounts to their net asset values. ArrowMark Financial Corp primarily invests in regulatory capital relief securities, while New America High Income Fund invests in more traditional high-yield fixed-income securities. Both funds have the potential to provide regular income and are trading at attractive discounts, making them suitable and attractive for income investors.

BANX And HYB: Delivering Income To Investors

DENVER, Jan. 16, 2024 (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, 2023, was $21.43.

ArrowMark Financial Corp. Releases Month End Estimated Net Asset Value as of December 2023

Virtus AllianzGI Diversified Income & Convertible Fund

Ares Dynamic Credit Allocation Fund

Central Securities

BlackRock Enhanced Capital and Income Fund

Calamos Strategic Total Return Fund

Eaton Vance Tax Advantaged Global Dividend Opportunities Fund

Flaherty & Crumrine Preferred Securities Income Fund Inc

Barings Participation Investors

Liberty All Star Equity Fund

For income investors, closed-end funds remain an attractive investment class that covers a variety of asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, are generally characterized by higher volatility and deeper drawdowns than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight five CEFs with solid track records that pay high distributions and offer "excess" discounts. We try to separate the wheat from the chaff using our filtering process to select just five CEFs every month from around 500 closed-end funds.

5 Best CEFs This Month For 9.5% Yield (December 2023)

DENVER, Colo., Dec. 15, 2023 (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, 2023, was $21.76.

Arrowmark Financial Corp. Announces Q3 2023 Results and Releases Month End Estimated Net Asset Value as of November 2023

DENVER, Dec. 08, 2023 (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 fourth quarter 2023. The total distribution of $0.55 per share will be payable on January 5, 2024 to shareholders of record on December 29, 2023.

ArrowMark Financial Corp. Announces Special Distribution of $0.10 and Regular Cash Distribution of $0.45 per Share for the Fourth Quarter 2023

BlackRock Resources & Commodities Strategy Trust

BlackRock Enhanced Equity Dividend Trust

Morgan Stanley India Investment Fund Inc

Neuberger Berman MLP Income Fund, Inc.

LMP Capital and Income Fund

abrdn World Healthcare Fund 

5 Best CEFs This Month For 10% Yield (November 2023)

DENVER, Nov. 16, 2023 (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, 2023, was $21.45.

ArrowMark Financial Corp. Releases Month End Estimated Net Asset Value as of October 2023

Eagle Point Credit

Eaton Vance Tax-Advantaged Global Dividend Income Fund

Eaton Vance Tax-Advantaged Dividend Income Fund

John Hancock Premium Dividend Fund

For income investors, closed-end funds remain an attractive investment class that covers a variety of asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, are generally characterized by higher volatility and deeper drawdowns than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight five CEFs with solid track records, pay high distributions, and offer "excess" discounts. We try to separate the wheat from the chaff using our filtering process to select just five CEFs every month from around 500 closed-end funds.

5 Best CEFs This Month For 10% Yield (October 2023)

DENVER, Oct. 19, 2023 (GLOBE NEWSWIRE) -- ArrowMark Financial Corp., (NASDAQ: BANX) ("ArrowMark Financial"), today announced that BANX's estimated and unaudited Net Asset Value (“NAV”) as of September 30, 2023, was $21.59.

ArrowMark Financial Corp. Releases Month End Estimated Net Asset Value as of September 2023

ArrowMark Financial Corp. offers investors a portfolio of floating rate exposure that has been benefiting from the rise in interest rates. The fund's distribution rate based on the regular dividend and share price puts the yield at 10.5%, which could reflect the returns going forward. The fund's share price is at a discount of ~20% to its last reported NAV, making it an attractive investment opportunity.

BANX: Diving Further Into This Fund

DENVER, Sept. 18, 2023 (GLOBE NEWSWIRE) -- ArrowMark Financial Corp., (NASDAQ: BANX) ("ArrowMark Financial"), today announced that BANX's estimated and unaudited Net Asset Value (“NAV”) as of August 31, 2023, was $21.85.

Arrowmark Financial Corp. Releases Month End Estimated Net Asset Value as of August 2023

DENVER, Sept. 15, 2023 (GLOBE NEWSWIRE) -- ArrowMark Financial Corp., (NASDAQ: BANX) ("ArrowMark Financial" or the “Fund”), today announced that its Board of Directors declared a long term capital gain distribution of $0.42 per share, which represents the long term capital gains generated in the fiscal year ended December 31, 2022. This distribution is required in order to meet Regulated Investment Company and IRS excise tax requirements and avoid taxes at the Fund level.

ArrowMark Financial Corp. Announces Long Term Capital Gain Distribution of $0.42 Per Share

BANX experienced a significant drop in May, which continues to leave an opportunity for investors to buy at a deep discount as only a partial recovery took place. The fund's NAV has remained stable throughout the year, and its portfolio is exposed to floating-rate fixed-income securities. The fund's distribution yield is 10.83% after a recent raise and is fully covered by a significant margin, which should lead to a potential year-end special.

BANX: Deep Discount Persists After Drop Earlier This Year

DENVER, Colo., Sept. 11, 2023 (GLOBE NEWSWIRE) -- ArrowMark Financial Corp., (NASDAQ: BANX) ("ArrowMark Financial" or the “Fund”), today announced that its Board of Directors increased the quarterly cash distribution to $0.45 per share from $0.39 per share, an increase of $0.06 from the previous recurring quarterly rate.

ArrowMark Financial Corp. Announces an Increase in the Third Quarter 2023 Cash Distribution to $0.45 Per Share

First Trust Intermediate Duration Preferred & Income Fund

Highland Income Fund

Only funds with yields over 8%, coverage higher than 90%, and trading at a discount are considered. Top lists of discount, yield, DxY, and DxYxZ are given. The top DxYxZ funds from this month's report are HFRO, BANX, and FPF.

The 'High-High-Low' Closed-End Fund Report, August 2023

Flaherty & Crumrine Total Return Fund Inc

Quantitative screens narrow down attractive closed-end funds for further investigation. "Quality" report focuses on funds with >100% distribution coverage to lower the risk of distribution cuts. Top lists provide shortlists for further research, not final buy or sell decisions.

The Chemist's Quality Closed-End Fund Report, August 2023

Eaton Vance Tax-Managed Global Diversified Equity Income Fund

Nuveen Floating Rate Income Fund

Barings Corporate Investors

Closed-end funds offer high income, diversification, and market-matching total returns for income-focused investors. Five CEFs with solid track records, high distributions, and attractive discounts are highlighted in this monthly series. The selected CEFs offer an average distribution rate of over 9%, have strong historical performance, and trade at an average discount of -6.5% to NAV.

5 Best CEFs To Buy This Month (August 2023)

DENVER, Aug. 16, 2023 (GLOBE NEWSWIRE) -- ArrowMark Financial Corp., (NASDAQ: BANX) ("ArrowMark Financial"), today announced that BANX's estimated and unaudited Net Asset Value (“NAV”) as of July 31, 2023, was $21.55.

ArrowMark Financial Corp. Releases Month End Estimated Net Asset Value as of July 2023

Sprott Focus Trust

Royce Value Trust

5 Best CEFs To Buy This Month (July 2023)

DENVER, July 14, 2023 (GLOBE NEWSWIRE) -- ArrowMark Financial Corp., (NASDAQ: BANX) ("ArrowMark Financial"), today announced that BANX's estimated and unaudited Net Asset Value (“NAV”) as of June 30, 2023, was $21.29.

ArrowMark Financial Corp. Releases Month End Estimated Net Asset Value as of June 2023

Blackrock Health Sciences Trust

BlackRock Utilities Infrastructure & Power Opportunities Trust

Allspring Global Dividend Opportunity Fund

Eaton Vance Enhanced Equity Income Fund II

Nuveen Core Equity Alpha Fund

Putnam High Income Securities Fund

For income investors, closed-end funds remain an attractive investment class that covers a variety of asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, are generally characterized by higher volatility and deeper drawdowns than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight five CEFs that have solid track records, pay high distributions, and are offering "excess" discounts. We try to separate the wheat from the chaff using our filtering process to select just five CEFs every month from around 500 closed-end funds.

5 Best CEFs To Buy This Month (June 2023)

DENVER, June 15, 2023 (GLOBE NEWSWIRE) -- ArrowMark Financial Corp., (NASDAQ: BANX) ("ArrowMark Financial"), today announced that BANX's estimated and unaudited Net Asset Value (“NAV”) as of May 31, 2023, was $21.42.

ArrowMark Financial Corp. Releases Month End Estimated Net Asset Value As Of May 2023

Invesco Senior Loan ETF

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund

iShares iBoxx $ Investment Grade Corporate Bond ETF

Western Asset Investment Grade Income Fund

Invesco S&P 500 Equal Weight ETF

BANX has bounced back after being sold off during the banking crisis, with its NAV increasing by 2.62% in April. ETW offers a more defensive approach with a call-writing strategy and global exposure, including Europe and Asia/Pacific. PAI is a non-leveraged fund focusing on investment-grade bonds, offering a less aggressive play with what should be a relatively limited downside.

3 Closed-End Fund Buys In The Month Of May 2023

DENVER, June 09, 2023 (GLOBE NEWSWIRE) -- ArrowMark Financial Corp., (NASDAQ: BANX) ("ArrowMark Financial" or the “Fund”), today announced that its Board of Directors has declared a cash distribution of $0.39 per share for the second quarter 2023. The distribution will be payable on June 28, 2023 to shareholders of record on June 21, 2023.

ArrowMark Financial Corp. Announces Q1 2023 Results and Cash Distribution of $0.39 Per Share for Q2 2023

News for ArrowMark Financial ETF (BANX)