Group 1 - ArrowMark Financial Corp. announced an estimated and unaudited Net Asset Value (NAV) of $22.24 as of November 30, 2024 [1] - The net income for Q3 2024 was reported at $0.70 per share, exceeding the quarterly distribution amount of $0.45 per share, demonstrating consistent over-earning of the distribution rate over the past five years [2] - The estimated NAV does not represent a comprehensive statement of the financial condition or results for November 30, 2024 [3] Group 2 - ArrowMark Financial is a non-diversified, closed-end fund listed on NASDAQ under the symbol "BANX," with an investment objective focused on providing current income primarily through regulatory capital securities of financial institutions [4]

Core Points - ArrowMark Financial Corp. has declared a special cash distribution of $0.20 per share and a regular cash distribution of $0.45 per share for Q4 2024, totaling $0.65 per share, payable on January 3, 2025 [1][2] - The company emphasizes its ability to consistently over-earn its declared quarterly distribution rate, focusing on capital preservation and income generation for shareholders [2] - ArrowMark Financial is a non-diversified, closed-end fund listed on NASDAQ under the symbol "BANX," primarily investing in regulatory capital securities of financial institutions [3]

Company Overview - ArrowMark Financial Corp. is a non-diversified, closed-end fund listed on NASDAQ under the symbol "BANX" [2] - The investment objective of ArrowMark Financial is to provide shareholders with current income by primarily investing in regulatory capital securities of financial institutions [2] - The fund is managed by ArrowMark Asset Management, LLC [2] Financial Performance - As of October 31, 2024, ArrowMark Financial's estimated and unaudited Net Asset Value (NAV) was $22.02 [1]

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DENVER, Oct. 14, 2024 (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, 2024, was $21.73. This estimated NAV is not a comprehensive statement of our financial condition or results for the month ended September 30, 2024. About ArrowMark Financial Corp. ArrowMark Financial Corp. is an SEC registered non-diversified, closed-end fund listed on the NASDAQ Global Select Market under ...

DENVER, Sept. 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 August 31, 2024, was $21.99. This estimated NAV is not a comprehensive statement of our financial condition or results for the month ended August 31, 2024. About ArrowMark Financial Corp. ArrowMark Financial Corp. is an SEC registered non-diversified, closed-end fund listed on the NASDAQ Global Select Market under the ...

DENVER, Sept. 16, 2024 (GLOBE NEWSWIRE) -- ArrowMark Financial Corp., (NASDAQ: BANX) ("ArrowMark Financial" or the “Fund”), an SEC registered closed-end management investment company, today announced that its Board of Directors has declared a cash distribution of $0.45 per share for the third quarter 2024. The distribution of $0.45 per share will be payable on September 30, 2024 to shareholders of record on September 26, 2024. “We are very pleased to announce net income for Q2 2024 was $0.70 per share, well ...

Core Viewpoint - Arrowmark Financial (NASDAQ:BANX) is positioned as a niche high-yield income investment in the financial sector, focusing on regulatory capital relief securities and community banks, which are typically safer investments [2][4]. Investment Strategy - BANX has shifted its investment strategy significantly, with approximately 88% of its assets now in regulatory capital relief securities, and only 11.3% in community banks [4][10]. - The investment objective is primarily to provide current income to shareholders, with capital appreciation being a secondary goal [2]. Holdings and Asset Composition - The majority (80%) of the issuers of regulatory capital relief securities are Globally Systemic Important Banks (G-SIBs) such as Citigroup, Goldman Sachs, Deutsche Bank, and BNP Paribas [6][7]. - As of March 28, 2024, the top 10 holdings accounted for about 53% of the portfolio, including significant positions in major banks [10]. Financial Performance - As of Q1 2024, net investment income (NII) per share increased by 12.90% to $0.70, while total investment income rose by 33% in 2023 [12][13]. - The stock yielded 9.31% as of August 15, 2024, with a quarterly distribution raised from $0.39 to $0.45 for Q3 2023, reflecting a 32.5% increase [11][12]. Profitability Metrics - Return on Assets (ROA) and Return on Equity (ROE) improved significantly in 2023, with ROA at 9.25% and ROE at 12.28% [16][17]. - The debt-to-equity ratio improved to 0.29X in 2023, indicating better leverage management [16]. Valuation and Discounts - As of August 15, 2024, BANX was trading at an 11.08% discount to its net asset value (NAV) of $21.75, which is deeper than its five-year average discount of 9.06% [18][19]. Expenses - BANX has a 2% sales load on new investments, with total annual expenses amounting to 8.35% of net assets in 2023 [20][21]. Conclusion - Despite a radical change in investment focus, BANX has demonstrated strong earnings growth in 2023, leading to a continued positive outlook for the company [22].

Company Overview - ArrowMark Financial Corp. is a non-diversified, closed-end fund listed on NASDAQ under the symbol "BANX" [2] - The investment objective of ArrowMark Financial is to provide shareholders with current income by primarily investing in regulatory capital securities of financial institutions [2] - The fund is managed by ArrowMark Asset Management, LLC [2] Financial Performance - As of July 31, 2024, ArrowMark Financial's estimated and unaudited Net Asset Value (NAV) was $21.75 [1]