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Stock impact report

ArrowMark Financial Corp. Announces Q2 2024 Results and Cash Distribution of $0.45 per Share for the Third Quarter 2024

ArrowMark Financial Corp. - Closed End Fund (BANX) 
US:NASDAQ Investor Relations: stonecastle-financial.com/investors.jsp
Company Research Source: GlobeNewswire
DENVER, Sept. 16, 2024 (GLOBE NEWSWIRE) -- ArrowMark Financial Corp., (NASDAQ: BANX) ("ArrowMark Financial" or the “Fund”), an SEC registered closed-end management investment company, today announced that its Board of Directors has declared a cash distribution of $0.45 per share for the third quarter 2024. The distribution of $0.45 per share will be payable on September 30, 2024 to shareholders of record on September 26, 2024. “We are very pleased to announce net income for Q2 2024 was $0.70 per share, well in excess of the quarterly distribution amount of $0.45 per share. Through June 30th, collateral underlying the Fund’s holdings outperformed aggregate expectations formed through our initial due diligence of each investment. The Fund remains committed to delivering consistent returns for its shareholders and maintaining its strong track record of quarterly distributions,” said Chairman & CEO Sanjai Bhonsle. About ArrowMark Financial Corp. ArrowMark Financial Corp. is an SEC r Show less Read more
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