Information
DENVER, Jan. 09, 2026 (GLOBE NEWSWIRE) -- ArrowMark Financial Corp. (NASDAQ:BANX) ("ArrowMark Financial" or the "Company"), an SEC registered closed-end management investment company, today announced
Original sourceAI Summary
BANX announced a monthly dividend of $0.15 per share for January 2026. This marks the first monthly dividend as of December 2025's announcement. Chairman Sanjai Bhonsle emphasizes consistent income for shareholders. Funding primarily comes from regulatory capital securities of financial institutions. Company's performance is subject to various financial and market risks.
Sentiment Rationale
The transition to monthly dividends illustrates financial stability and consistent income potential, historically linked to positive investor sentiment, as seen in similar announcements from other closed-end funds enhancing shareholder value.
Trading Thesis
The immediate effect will be seen as investors engage with the new monthly payout structure, like previous changes in dividend frequency that led to short-term price increases for similar funds.
Market-Moving
- BANX announced a monthly dividend of $0.15 per share for January 2026.
- This marks the first monthly dividend as of December 2025's announcement.
- Chairman Sanjai Bhonsle emphasizes consistent income for shareholders.
Key Facts
- BANX announced a monthly dividend of $0.15 per share for January 2026.
- This marks the first monthly dividend as of December 2025's announcement.
- Chairman Sanjai Bhonsle emphasizes consistent income for shareholders.
- Funding primarily comes from regulatory capital securities of financial institutions.
- Company's performance is subject to various financial and market risks.
Companies Mentioned
- PSEC (PSEC)
- GAIN (GAIN)
- MFD (MFD)
Corporate Developments
The announcement of a consistent monthly dividend directly impacts investor perceptions and can lead to increased demand for shares, thus affecting price positively in the near term.
DENVER, Jan. 09, 2026 (GLOBE NEWSWIRE) -- ArrowMark Financial Corp. (NASDAQ:BANX) ("ArrowMark Financial" or the "Company"), an SEC registered closed-end management investment company, today announced that its Board of Directors has declared a monthly cash distribution of $0.15 per share for January 2026. The total distribution of $0.15 per share will be payable on January 30, 2026, to shareholders of record on January 21, 2026.
This is the first monthly dividend since the Fund announced the change in December 2025 from quarterly to monthly. "We are very pleased with the transition to a monthly distribution schedule. This has allowed the Fund to deliver on its objective to provide shareholders with consistent income," said Chairman & CEO Sanjai Bhonsle.
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 symbol "BANX." Its investment objective is to provide shareholders with current income. The Fund 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 Fund with the SEC are accessible on the SEC's website at www.sec.gov and on the Fund's website at ir.arrowmarkfinancialcorp.com.
Contact:
Destra Capital Advisors LLC (877) 855-3434
Destra Capital Advisors LLC provides secondary market services for the Fund by agreement.
