BANX: Higher For Longer? No Problem [Seeking Alpha]
ArrowMark Financial Corp. - Closed End Fund (BANX)
US:NASDAQ Investor Relations:
stonecastle-financial.com/investors.jsp
Company Research
Source: Seeking Alpha
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%. Looking for a portfolio of ideas like this one? Members of CEF/ETF Income Laboratory get exclusive access to our subscriber-only portfolios. Learn More » Written by Nick Ackerman, co-produced by Stanford Chemist. With hotter-than-expected inflation data coming in over the last week for both consumers and producers, it's a good reminder that projected rate cuts may not materialize as soon as expected . The timeline changes as data comes in, and this latest data starts to push the probability of rate cuts later into 2024. That also serves as a good reminder that investing in investments that benefit from the higher rate environment is stil
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High impacting ArrowMark Financial Corp. - Closed End Fund news events
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BANX
News
- ArrowMark Financial Corp. Releases Month End Estimated Net Asset Value as of March 2024GlobeNewswire
- ArrowMark Financial Corp. Releases Month End Estimated Net Asset Value as of February 2024GlobeNewswire
- ArrowMark Financial Corp. Announces Q4 2023 Results and Cash Distribution of $0.45 per Share for the First Quarter 2024GlobeNewswire
- 5 Best CEFs This Month For 9% Plus Yield (February 2024) [Seeking Alpha]Seeking Alpha
- Arrowmark Financial Corp. Releases Month End Estimated Net Asset Value as of January 2024GlobeNewswire
BANX
Sec Filings
- 3/27/24 - Form 497AD
- 3/20/24 - Form N-CSR/A
- 3/11/24 - Form N-CEN
- BANX's page on the SEC website