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Stock impact report

ArrowMark Financial Corp. Announces Q4 2023 Results and Cash Distribution of $0.45 per Share for the First Quarter 2024

ArrowMark Financial Corp. - Closed End Fund (BANX) 
US:NASDAQ Investor Relations: stonecastle-financial.com/investors.jsp
Company Research Source: GlobeNewswire
DENVER, March 06, 2024 (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 cash distribution of $0.45 per share for the first quarter 2024. The total distribution of $0.45 per share will be payable on March 28, 2024 to shareholders of record on March 21, 2024. “We are very pleased to announce the net income for Q4 2023 was $0.67 per share, well in excess of the quarterly distribution amount of $0.45 per share. Over the past four years, the Fund has consistently over-earned its quarterly distribution rate. This has allowed the Fund to deliver on its objective to provide shareholders with consistent income,” 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 “B Show less Read more
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