ArrowMark Financial Corp. Announces Q1 2023 Results and Cash Distribution of $0.39 Per Share for Q2 2023
2023年6月10日 - 5:03AM
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.
“We are very pleased to announce that net income for the quarter
ending March 31, 2023 was $0.62 per share, well in excess of the
quarterly distribution rate of $0.39 per share. Once again, the
Fund continues to consistently over-earn its 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.
About ArrowMark Financial Corp.
ArrowMark Financial is an SEC registered, non-diversified,
closed-end investment company listed on the NASDAQ Global Select
Market under the symbol "BANX.” Its investment objective is to
provide stockholders with current income. BANX pursues its
objective by investing primarily in regulatory capital securities
of financial institutions. ArrowMark Financial is managed by
ArrowMark Asset Management, LLC. To learn more, visit
ir.arrowmarkfinancialcorp.com or contact the Fund’s secondary
market service agent at 877-855-3434.
Disclaimer and Risk Factors
There is no assurance that ArrowMark Financial will achieve its
investment objective. ArrowMark Financial is subject to numerous
risks, including investment and market risks, management risk,
income and interest rate risks, banking industry risks, preferred
stock risk, convertible securities risk, debt securities risk,
liquidity risk, valuation risk, leverage risk, non-diversification
risk, credit and counterparty risks, market at a discount from net
asset value risk and market disruption risk. Shares of closed-end
investment companies may trade above (a premium) or below (a
discount) their net asset value. Shares of ArrowMark Financial may
not be appropriate for all investors. Investors should review and
consider carefully ArrowMark Financial's investment objective,
risks, charges and expenses. Past performance does not guarantee
future results.
The Annual Report, Semi-Annual Report and other regulatory
filings of the Company with the SEC are accessible on the SEC's
website at www.sec.gov and on the Company's
website at ir.arrowmarkfinancialcorp.com.
Contact:
BANX@destracapital.com
Destra Capital Advisors LLC 877-855-3434
Destra Capital Advisors LLC provides secondary market services
for the Fund by agreement.
ArrowMark Financial (NASDAQ:BANX)
過去 株価チャート
から 5 2024 まで 6 2024
ArrowMark Financial (NASDAQ:BANX)
過去 株価チャート
から 6 2023 まで 6 2024