StoneCastle Financial Corp Stock News

I love to buy income that's on sale. We have two discounted funds to scoop up today. Own the basics of society and our economy, so money never stops pouring into your account. Don't get distracted by the latest fad; own the basics for the strongest income.

ArrowMark Financial Corp and PIMCO Dynamic Income Strategy Fund offer attractive distributions with the potential for future payout increases or specials. If we don't see increases or specials paid out, then these funds look like they have a good chance at some capital appreciation if they are retaining cash flow and gains. These funds are also trading at discounts to their NAV per share, so th...

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.

For income investors, closed-end funds remain an attractive investment class that covers various 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 wi...

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.

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...

For income investors, closed-end funds remain an attractive investment class that covers various asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, are generally characterized by higher volatility and deeper draw-downs than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight five CEFs w...

Arrowmark Financial offers niche high-yield income investments in the financial sector. BANX focuses on regulatory capital relief securities, with top holdings in G-SIBs like Citigroup and Deutsche Bank. BANX has seen significant growth in NII and dividends, outperforming its industry and the S&P 500 on a total return basis.