ArrowMark Financial

BANX

Market cap $154M

DENVER, April 13, 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 April 2026. The total distribution of $0.15 per share will be payable on April 30, 2026, to shareholders of record on April 23, 2026.

The Income-Covered Closed-End Fund Report screens for CEFs with distribution coverage exceeding 100%, targeting funds less likely to cut payouts. Discounted, fully-covered CEFs offer dual benefits: potential price appreciation from narrowing discounts and enhanced yields based on full NAV distributions. Composite metrics combining yield, discount, and z-score help identify CEFs offering value on both absolute and relative terms, with high income potential.

ArrowMark Financial transformed from a regional bank lender into a unique vehicle for regulatory capital relief securities after ArrowMark Partners' 2020 takeover. BANX offers retail investors access to high-yield, floating-rate instruments from globally systemic banks, a niche otherwise inaccessible to individuals. The fund's 11% forward yield is fully covered by net investment income, with NAV stability and special dividends likely to decline as Fed rate cuts materialize.

The article presents a rigorously screened list of 10 top closed-end funds, or CEFs, for income investors, offering an average 10% plus yield and 10.8% NAV discount. Selections emphasize sector diversification, long-term outperformance, sustainable distributions, and attractive valuations, with a focus on both equity and credit-oriented CEFs. CEFs are generally characterized by higher volatility and deeper drawdowns than the broader market. For these reasons, they are not suited for everyone.

DENVER, March 25, 2026 (GLOBE NEWSWIRE) -- ArrowMark Financial Corp., (NASDAQ: BANX) ("ArrowMark Financial"), today announced that BANX's estimated and unaudited Net Asset Value (“NAV”) as of February 28, 2026, was $21.18.

February started to show some cracks in the broader major market indexes; however, the equal-weighted S&P 500 Index actually did well. This was the result of more value-oriented sectors performing while tech companies started to show some pause. The space that saw the most panic was in private credit, which has been reflected in the BDC space, taking a significant hit.

Closed-end funds can offer attractive monthly distributions that appeal to income-focused investors, whether they reinvest or take the cash out to spend. One of the key features of CEFs is being able to buy 'discounted' assets, as the share price can trade wildly differently from the underlying NAV per share. Today, we are looking at 2 CEFs that check the boxes of monthly distributions and also create a situation where their discounts currently make them attractive in terms of valuation.

DENVER, March 10, 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 March 2026. The total distribution of $0.15 per share will be payable on March 31, 2026, to shareholders of record on March 23, 2026.

DENVER, Feb. 19, 2026 (GLOBE NEWSWIRE) -- ArrowMark Financial Corp. (NASDAQ: BANX) (the “Fund”) announced the preliminary results of its transferable rights offering (the “Offer”). The Offer commenced on January 22, 2026, and expired on February 18, 2026 (the “Expiration Date”).  The Offer entitled rights holders to subscribe for up to an aggregate of 2,604,156 of the Fund's shares of common stock, par value $0.001 per share (“Common Shares”). The subscription price was $19.79 per Common Share and was determined based upon 90% of the Fund's net asset value per Common Share at the close of trading on the NASDAQ Global Select Market on the Expiration Date. Common Shares will be issued promptly after receipt of all shareholder payments and completion of the pro-rata allocation of Common Shares in respect of the oversubscription privilege.

DENVER, Feb. 10, 2026 (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, 2026, was $21.98.