BANX

ArrowMark Financial
BANX

$19.21

0.47%

Market Cap: 137M

About: ArrowMark Financial Corp is a non-diversified, closed-end management investment company. Its objective is to provide stockholders with current income, and to a lesser extent capital appreciation. The company's investments in various portfolios such as debt securities, Trust Preferred and Preferred Securities, preferred securities, exchange-traded funds, money market funds, and others.

0

Funds holding %

of 6,702 funds

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Analysts bullish %

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News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

13% more repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 8

4% more capital invested

Capital invested by funds: $32.4M [Q4 2023] → $33.6M (+$1.26M) [Q1 2024]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q4 2023] → 1 (+0) [Q1 2024]

0.2% less ownership

Funds ownership: 25.08% [Q4 2023] → 24.88% (-0.2%) [Q1 2024]

7% less funds holding

Funds holding: 27 [Q4 2023] → 25 (-2) [Q1 2024]

50% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 4

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Research analyst outlook

We haven’t received any recent analyst ratings for BANX.

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Financial journalist opinion

ArrowMark Financial Corp. Releases Month End Estimated Net Asset Value as of June 2024

DENVER, July 11, 2024 (GLOBE NEWSWIRE) -- ArrowMark Financial Corp., (NASDAQ: BANX) ("ArrowMark Financial"), today announced that BANX's estimated and unaudited Net Asset Value (“NAV”) as of June 30, 2024, was $21.58.

ArrowMark Financial Corp. Releases Month End Estimated Net Asset Value as of June 2024

BANX: Producing Steady Cash Flow For Income Investors

ArrowMark Financial Corp is an enticing investment choice in the high-yield space, coming back down to an attractive discount level. BANX invests in regulatory capital relief securities, which have been helping deliver solid cash flows due to their floating rates. Even with potential rate cuts on the horizon, BANX is expected to maintain strong distribution coverage as long as we don't fall back to a zero-rate environment.

BANX: Producing Steady Cash Flow For Income Investors

ArrowMark Financial Corp. Releases Month End Estimated Net Asset Value as of May 2024

DENVER, June 18, 2024 (GLOBE NEWSWIRE) -- ArrowMark Financial Corp., (NASDAQ: BANX) ("ArrowMark Financial"), today announced that BANX's estimated and unaudited Net Asset Value (“NAV”) as of May 31, 2024, was $21.76.

ArrowMark Financial Corp. Releases Month End Estimated Net Asset Value as of May 2024

5 Best CEFs This Month For A 10% Yield (May 2024)

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 with solid track records that pay high distributions and offer "excess" discounts. We try to separate the wheat from the chaff using our filtering process to select just five CEFs every month from around 500 closed-end funds.

5 Best CEFs This Month For A 10% Yield (May 2024)

ArrowMark Financial Corp. Releases Month End Estimated Net Asset Value as of April 2024

DENVER, May 13, 2024 (GLOBE NEWSWIRE) -- ArrowMark Financial Corp., (NASDAQ: BANX) ("ArrowMark Financial"), today announced that BANX's estimated and unaudited Net Asset Value (“NAV”) as of April 30, 2024, was $21.49.

ArrowMark Financial Corp. Releases Month End Estimated Net Asset Value as of April 2024

5 Best CEFs This Month For A 9% Yield (April 2024)

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

5 Best CEFs This Month For A 9% Yield (April 2024)

ArrowMark Financial Corp. Releases Month End Estimated Net Asset Value as of March 2024

DENVER, April 15, 2024 (GLOBE NEWSWIRE) -- ArrowMark Financial Corp., (NASDAQ: BANX) ("ArrowMark Financial"), today announced that BANX's estimated and unaudited Net Asset Value (“NAV”) as of March 28, 2024, was $21.24.

ArrowMark Financial Corp. Releases Month End Estimated Net Asset Value as of March 2024

BANX: Higher For Longer? No Problem

Inflation data suggests rate cuts may be delayed from prior expectations, highlighting the importance of maintaining some positions in less interest rate-sensitive areas. ArrowMark Financial Corp has benefitted significantly from rising rates as the underlying portfolio's income generation rose materially leading to special distributions for investors in 2023. BANX is more of an unusual CEF, and that can add some further risks to consider, but the discount remains attractive for that added risk at around 9%.

BANX: Higher For Longer? No Problem

5 Best CEFs This Month For 8.5% Yield (March 2024)

For income investors, closed-end funds remain an attractive investment class that covers a variety of 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 with solid track records that pay high distributions and offer "excess" discounts. We try to separate the wheat from the chaff using our filtering process to select just five CEFs every month from around 500 closed-end funds.

5 Best CEFs This Month For 8.5% Yield (March 2024)

ArrowMark Financial Corp. Releases Month End Estimated Net Asset Value as of February 2024

DENVER, March 18, 2024 (GLOBE NEWSWIRE) -- ArrowMark Financial Corp., (NASDAQ: BANX) ("ArrowMark Financial"), today announced that BANX's estimated and unaudited Net Asset Value (“NAV”) as of February 29, 2024, was $21.50.

ArrowMark Financial Corp. Releases Month End Estimated Net Asset Value as of February 2024

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