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

Earnings data Q2 2020

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Earnings data Q4 2020

Earnings data Q1 2021

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Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

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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

DENVER, May 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 April 30, 2023, was $21.16.

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

BANX is a rather unique closed-end fund, investing heavily in regulatory capital relief securities. Given this exposure, one might be concerned about this fund due to financial exposure.

ArrowMark Financial Corp: Can You BANX On This Yield?

DENVER, April 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 March 31, 2023, was $20.62.

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

DENVER, March 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 February 28, 2023, was $21.12.

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

DENVER, March 08, 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 first quarter 2023. “We are very pleased to announce net income for Q4 2022 was $0.53 per share, well in excess of the quarterly distribution rate of $0.39 per share. These results continue to demonstrate the Fund's ability to consistently over-earn its declared quarterly distribution rate. ArrowMark Financial is committed to maximizing total risk-adjusted returns, generating long-term value and consistent distributions for our shareholders,” said Chairman & CEO Sanjai Bhonsle.

ArrowMark Financial Corp. Announces Cash Distribution of $0.39 Per Share for First Quarter 2023

DENVER, Feb. 27, 2023 (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, 2023, was $20.91.

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

DENVER, Feb. 03, 2023 (GLOBE NEWSWIRE) -- ArrowMark Financial Corp., (NASDAQ: BANX) ("ArrowMark Financial" or the “Company”), today announced that the Company's estimated and unaudited Net Asset Value (“NAV”) as of December 31, 2022, was $20.79. This NAV reflects the regular fourth quarter dividend of $0.39 per share plus the special dividend of $0.10 per share.

ArrowMark Financial Corp. Releases Month End Estimated Net Asset Value as of December 2022

Ares Dynamic Credit Allocation Fund

Brandywine Global Income Opportunities Fund Inc

Flaherty & Crumrine Dynamic Preferred & Income Fund

Western Asset Global High Income Fund

Western Asset Emerging Markets Debt Fund

Highland Income Fund

Western Asset High Income Opportunity Fund Inc

Pioneer Diversified High Income Trust

Nuveen Preferred & Income 2022 Term Fund

KKR Income Opportunities Fund

PIMCO Dynamic Income Opportunities Fund

Principal Real Estate Income Fund

Pioneer High Income Trust

TCW Strategic Income Fund

Western Asset Diversified 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 'High-High-Low' Closed-End Fund Report, December 2022

BANX is a relatively unique closed-end fund from what we typically see from a traditional CEF. They invest heavily in regulatory capital securities, with some smaller exposures to term loans, structured debt securities, and preferred securities.

BANX: Floating Rate Assets Helped This Unique Fund

DENVER, Dec. 19, 2022 (GLOBE NEWSWIRE) -- ArrowMark Financial Corp., (NASDAQ: BANX) ("ArrowMark Financial" or the “Company”), today announced that the Company's estimated and unaudited Net Asset Value (“NAV”) as of November 30, 2022, was $21.18. The NAV was up $0.27 from the prior month.

ArrowMark Financial Corp. Releases Month End Estimated Net Asset Value as of November 2022

DENVER, Dec. 16, 2022 (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 $0.39 per share for the fourth quarter 2022. The total distribution of $0.49 per share will be payable on January 5, 2023 to shareholders of record on December 29, 2022.

ArrowMark Financial Corp. Announces Special Distribution of $0.10 and Regular Cash Distribution of $0.39 per Share for Fourth Quarter 2022

DENVER, Nov. 21, 2022 (GLOBE NEWSWIRE) -- ArrowMark Financial Corp., (NASDAQ: BANX) ("ArrowMark Financial" or the “Company”), today announced that the Company's estimated and unaudited Net Asset Value (“NAV”) as of October 31, 2022, was $20.91. The NAV was up $0.17 from the prior month.

ArrowMark Financial Corp. Releases Month End Estimated Net Asset Value as of October 2022

ArrowMark Financial Corp (NASDAQ:BANX ) Q3 2022 Earnings Conference Call November 9, 2022 5:00 PM ET Company Participants Julie Muraco - Investor Relations Sanjai Bhonsle - Chairman & Chief Executive Officer Dana Staggs - President Patrick Farrell - Chief Financial Officer Conference Call Participants Operator Welcome to the ArrowMark Financial Corp. Q3 2022 Investor Conference Call. Now I would like to turn the call over to Julie Muraco, Investor Relations of ArrowMark Financial Corp. Julie Muraco Before we begin this conference call, I'd like to remind everyone that certain statements made during the call may be considered forward-looking statements, which are based on current management expectations that involve substantial risks and uncertainties.

ArrowMark Financial Corp (BANX) Q3 2022 Earnings Call Transcript

DENVER, Nov. 09, 2022 (GLOBE NEWSWIRE) -- ArrowMark Financial Corp. (Nasdaq: BANX) (“ArrowMark Financial” or the “Company”), an investment company registered with the Securities and Exchange Commission (“SEC”), today announced results for the third fiscal quarter ended September 30, 2022.

ArrowMark Financial Corp. Reports Third Quarter 2022 Results

Denver, Colorado--(Newsfile Corp. - November 7, 2022) - ArrowMark Financial Corp., (NASDAQ: BANX) ("ArrowMark Financial'' or the "Company"), today announced that Dana Staggs, President of ArrowMark Financial Corp. will be attending the Q4 Investor Summit live in NYC at the Sheraton Times Square.

ArrowMark Financial Corp. to Present at Investor Summit Group's Q4 Conference

DENVER, Oct. 14, 2022 (GLOBE NEWSWIRE) -- ArrowMark Financial Corp., (NASDAQ: BANX) (“ArrowMark Financial” or the “Company”), today announced that the Company's September 30, 2022, estimated and unaudited Net Asset Value (“NAV”) was $20.74 per share. This NAV reflects the regular third quarter cash dividend of $0.39 per share, paid on September 29, 2022.

ArrowMark Financial Corp. Announces Estimated September 2022 Net Asset Value and Sets Date to Host the Third Fiscal Quarter 2022 Earnings Conference Call

BANX is a unique closed-end fund run more like a traditional company. BANX was formerly known as StoneCastle Financial before being acquired by ArrowMark Partners and rebranded.

ArrowMark Financial Corp: An Interesting Operation At A Deep Discount

DENVER, Sept. 13, 2022 (GLOBE NEWSWIRE) -- ArrowMark Financial Corp., (NASDAQ: BANX) ("ArrowMark Financial" or the “Company”), today announced that the Company's estimated and unaudited Net Asset Value (“NAV”) as of August 31, 2022, was $21.23. The NAV was up $0.13 per share from the prior month.

ArrowMark Financial Corp. Releases Month End Estimated Net Asset Value as of August 2022

DENVER, Sept. 12, 2022 (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 cash distribution of $0.39 per share for the third quarter 2022. The distribution will be payable on September 29, 2022 to shareholders of record on September 22, 2022.

ArrowMark Financial Corp. Announces Cash Distribution of $0.39 Per Share for Third Quarter 2022

DENVER, Aug. 11, 2022 (GLOBE NEWSWIRE) -- ArrowMark Financial Corp., (NASDAQ: BANX) (“ArrowMark Financial” or the “Company”), today announced that the Company's July 31, 2022, estimated and unaudited Net Asset Value (“NAV”) was $21.10, up $0.16 from the prior month.

ArrowMark Financial Corp. Announces Estimated July 2022 Net Asset Value and Announces Sanjai Bhonsle, Chairman & CEO, to Close the NASDAQ Stock Market on Tuesday, August 16th

ArrowMark Financial Corp (NASDAQ:BANX ) Q2 2022 Earnings Conference Call August 4, 2022 5:00 PM ET Company Participants Julie Muraco – Investor Relations Sanjai Bhonsle – Chief Executive Officer Dana Staggs – President Pat Farrell – Chief Financial Officer Conference Call Participants Operator Welcome to the ArrowMark Financial Corp. Q2 2022 Investor Call. As a reminder, this call is being recorded.

ArrowMark Financial Corp's (BANX) CEO Sanjai Bhonsle on Q2 2022 Results - Earnings Call Transcript

DENVER, Aug. 04, 2022 (GLOBE NEWSWIRE) -- ArrowMark Financial Corp. (Nasdaq: BANX) (“ArrowMark Financial” or the “Company”), an investment company registered with the Securities and Exchange Commission (“SEC”), today announced results for the second fiscal quarter ended June 30, 2022.

ArrowMark Financial Corp. Reports Second Quarter 2022 Results

DENVER, July 13, 2022 (GLOBE NEWSWIRE) -- ArrowMark Financial Corp., (NASDAQ: BANX) (“ArrowMark Financial” or the “Company”), today announced that the Company's June 30, 2022, estimated and unaudited Net Asset Value (“NAV”) was $20.94 per share. This NAV reflects the regular second quarter cash dividend of $0.39 per share, paid on June 29, 2022.

ArrowMark Financial Corp. Announces Estimated June 2022 Net Asset Value and Sets Date to Host the Second Fiscal Quarter 2022 Earnings Conference Call

News for ArrowMark Financial ETF (BANX)