StoneCastle Financial Corp. to Host the First Fiscal Quarter 2020 Earnings Conference Call and Announces Net Asset Value as of March 31, 2020
ArrowMark Financial Corp. - Closed End Fund (BANX)
US:NASDAQ Investor Relations:
stonecastle-financial.com/investors.jsp
Company Research
Source: GlobeNewswire
NEW YORK, April 16, 2020 (GLOBE NEWSWIRE) -- StoneCastle Financial Corp., (NASDAQ:BANX) ("StoneCastle Financial" or the “Company”), today announced that the Company’s March 31, 2020 Net Asset Value (“NAV”) was $19.00. The NAV was down ($2.83) or (10.84%) after reinvestment of dividends as compared to the prior quarter-end. The Company’s first quarter NAV performance was significantly better than the market performance of the Company’s stock and other major financial indices. Specifically, the first quarter 2020 NAV was down (10.84%) vs. the Company’s common stock price decrease of (25.44%). During that same period, the S&P 500 Financials (Sector) decreased (32.34%) and the KBW Bank Index (KBWB) decreased (42.44%). Over the last five-year period, StoneCastle Financial’s quarterly NAV has been relatively stable and consistent within a tight range of +/-2.5%1. The stability of the NAV over time reflects the management’s abilities to successfully invest the portfolio assets
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