StoneCastle Financial Corp Stock News

DENVER, Feb. 26, 2025 (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, 2025, was $22.11.

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...

ArrowMark Financial Corp. focuses on high income through investments in Regulatory Capital Relief Securities, comprising 87% of its portfolio, primarily issued by major banks. BANX currently offers an attractive and fully covered 8.5% distribution yield and is currently trading at a discount of roughly -3.5% (based on NAV as of Dec. 31, 2024). It is probably a good bet on getting consistent and...

ArrowMark Financial Corp (BANX) has seen some strong total returns since our prior update, some of this was thanks to further discount narrowing. BANX invests in regulatory capital securities of financial institutions, offering a unique fixed-income exposure, delivering an 8.50% yield with strong distribution coverage. The fund's narrow discount does mean we remain more neutral; however, being ...

For income investors, closed-end funds, or CEFs, remain an attractive investment class that covers various asset classes and promises high distributions and reasonable total returns. 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 with solid tr...

DENVER, Jan. 15, 2025 (GLOBE NEWSWIRE) -- ArrowMark Financial Corp., (NASDAQ: BANX) ("ArrowMark Financial"), today announced that BANX's estimated and unaudited Net Asset Value (“NAV”) as of December 31, 2024, was $21.80.

ArrowMark Financial Corp offers a high dividend yield near 10%, but better yields exist with similar or better credit risks. BANX's portfolio focuses on regulatory capital relief securities, providing high yields through floating rates and modest leverage. Future income may decline slightly with projected rate cuts, and BANX lacks significant capital appreciation potential compared to other funds.

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...