ArrowMark Financial Corp. Appoints Melissa Marano Thompson to the Company's Board of Directors

Core Insights - ArrowMark Financial Corp. appointed Ms. Melissa Marano Thompson as a Class II Director to fill a vacancy on the Board, serving until the 2027 annual meeting of shareholders [1] - Ms. Marano Thompson will also serve on the Audit Committee and Nominating and Governance Committee, meeting the requirements for audit committee service as per Nasdaq Listing Rules [1] - The Board now has three independent members on the audit committee, complying with Nasdaq regulations [1] Company Overview - ArrowMark Financial Corp. is an SEC registered non-diversified, closed-end fund listed on NASDAQ under the symbol "BANX" [3] - The primary investment objective of the Fund is to provide stockholders with current income and, to a lesser extent, capital appreciation, primarily through investments in regulatory capital securities of financial institutions [3] - The Fund is managed by ArrowMark Asset Management, LLC [3] Director Background - Ms. Marano Thompson has over 30 years of experience in leveraged finance and private equity, and has been a financial consultant since 2013 [2] - She has held significant positions including portfolio manager at Ivy Hill Asset Management and Senior Vice President and Chief Risk Officer at First Light Financial Corporation [2] - Previously, she managed approximately $4.5 billion in assets at GSO Capital Partners and has experience with RBC Capital and Credit Agricole Indosuez [2]