StockNews.AI
BANX
StockNews.AI
167 days

ArrowMark Financial Corp. Announces Special Distribution of $0.10 and Regular Cash Distribution of $0.45 per Share for the First Quarter 2025

1. BANX will distribute a total of $0.55 per share on March 27, 2025. 2. A special cash distribution of $0.10 per share has been declared. 3. The cash distributions indicate strong income generation capacity for the fund. 4. The Fund focuses on regulatory capital securities of financial institutions. 5. Chairman highlighted commitment to risk-adjusted returns and capital preservation.

5m saved
Insight
Article

FAQ

Why Bullish?

The special distribution suggests strong financial performance; historically, such announcements often lead to price increases. For instance, similar funds have seen appreciable stock price spikes post-announcements of significant distributions.

How important is it?

The announcement of special and regular distributions is a significant event. It reflects the company's financial health, which is crucial for investor sentiment and likely to influence price.

Why Short Term?

The upcoming cash distribution is set for March 27, creating an immediate positive sentiment. Historically, funds experience a price uptick in shares in the weeks leading to a distribution date.

Related Companies

March 05, 2025 17:30 ET  | Source: ArrowMark Financial Corp. DENVER, March 05, 2025 (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 special cash distribution of $0.10 per share generated from excess income, and a regular cash distribution of $0.45 per share for the first quarter 2025. The total distribution of $0.55 per share will be payable on March 27, 2025 to shareholders of record on March 20, 2025. “We are very pleased to announce a special distribution for Q1 2025 along with the regular quarterly distribution of $0.45. We believe this distribution reflects the Fund’s ability to consistently over-earn its declared quarterly distribution rate. ArrowMark Financial is committed to providing consistent risk-adjusted returns while maintaining focus on capital preservation and income generation for our shareholders,” 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: BANX@destracapital.com  Destra Capital Advisors LLC (877) 855-3434 Destra Capital Advisors LLC provides secondary market services for the Fund by agreement.

Related News