ArrowMark Financial Corp. Reports Strong Q2 Performance

ArrowMark Financial Corp. Announces Impressive Results

ArrowMark Financial Corp. (NASDAQ: BANX) recently revealed its financial results for the second quarter of 2024, showcasing robust earnings and a commitment to returning value to its shareholders.

Quarterly Cash Distribution Declared

The company’s Board of Directors declared a cash distribution of $0.45 per share for the third quarter of 2024, reflecting their strategy to provide consistent returns to investors. This distribution is set to be payable to shareholders of record by the end of September 2024.

High Net Income in Q2 2024

ArrowMark Financial announced a remarkable net income of $0.70 per share for the second quarter, which significantly surpasses the distribution rate. This outcome reflects the overall strength of the fund's portfolio and careful management strategies employed by the team.

Performance and Commitment

According to Chairman and CEO Sanjai Bhonsle, the collateral behind the fund's investments has consistently exceeded expectations based on initial assessments. This performance underlines ArrowMark Financial's commitment to delivering reliable returns and maintaining its reputation in the investment community.

About ArrowMark Financial Corp.

ArrowMark Financial Corp. operates as a closed-end management investment company. It is listed on the NASDAQ Global Select Market under the ticker symbol "BANX". The company focuses primarily on investment in regulatory capital securities from financial institutions, aimed at providing current income to its shareholders.

Management and Advisory

The fund is managed by ArrowMark Asset Management, LLC, an experienced team dedicated to upholding the investment objectives of ArrowMark Financial. Their approach is centered around identifying opportunities that align with the risk profile and return expectations of the fund.

Understanding Investment Risks

While ArrowMark Financial presents a promising investment opportunity, it is essential for prospective investors to understand the inherent risks associated with this type of investment. These include market risks, credit risks, and others that can affect the performance of shares.

Investment Considerations

Investors are encouraged to carefully review ArrowMark Financial’s investment objectives and risk factors before making decisions. Understanding these elements can help in aligning investment choices with individual financial goals.

Accessing Financial Reports

ArrowMark Financial provides extensive reports and filings that are crucial for informing stakeholders about its performance and strategies. Annual reports and other regulatory documents can be accessed through the SEC’s official platform, ensuring transparency and accountability.

Contact Information

For inquiries, interested parties can reach out to ArrowMark Financial's secondary market service agent at 877-855-3434. The firm is dedicated to providing assistance and information regarding their investment offerings.

Frequently Asked Questions

What are the recent earnings of ArrowMark Financial Corp.?

ArrowMark Financial Corp. reported a net income of $0.70 per share for Q2 2024.

What is the declared cash distribution per share for Q3 2024?

The cash distribution for the third quarter of 2024 is set at $0.45 per share.

On what date will the distribution be payable?

Shareholders can expect the distribution to be paid on September 30, 2024.

What is the primary investment objective of ArrowMark Financial?

The primary objective is to provide shareholders with current income through investments in regulatory capital securities.

How can I access ArrowMark Financial’s reports?

Annual, semi-annual, and other regulatory reports are available on the SEC’s website and the company’s official site.

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