A 7% Avenue To Safe Community Banks: StoneCastle Financial [Seeking Alpha]
ArrowMark Financial Corp. - Closed End Fund (BANX)
US:NASDAQ Investor Relations:
stonecastle-financial.com/investors.jsp
Company Research
Source: Seeking Alpha
A 7% Avenue To Safe Community Banks: StoneCastle Financial Summary Community banks are the most stable part of the US banking system. This is a purely domestic income play, which is buffered from trade war effects. HDS+ subscribers have enjoyed a ~24% total return on BANX, vs. ~17% for the market during this period. StoneCastle Financial Corp. ( BANX is typical of the type of income vehicles we cover in the HDS+ portfolio - it has an attractive yield, based upon an interesting, but not so obvious, sub sector of the economy, but it doesn't get a lot of coverage in the financial media. Since its inception at the end of 2017, when we began the HDS+ service, BANX has delivered a 23.82% total return to HDS+ subscribers, vs. a 16.68% return for the S&P 500. A big plus for HDS+ income investors is that nearly 60% of that total return is due to BANX's steady quarterly distributions. Profile: A High-Yield Avenue Into The Safest Part Of The US Banking System: The safety of the US community ban
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BANX
News
- ArrowMark Financial Corp. Releases Month End Estimated Net Asset Value as of March 2024GlobeNewswire
- BANX: Higher For Longer? No Problem [Seeking Alpha]Seeking Alpha
- 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
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