BANX Stock Recent News

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For income investors, closed-end funds remain an attractive investment class that covers various asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, are generally characterized by higher volatility and deeper drawdowns than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight the ten best CEFs with solid track records that pay high distributions and offer "excess" discounts. We try to separate the wheat from the chaff using our filtering process to select 10 CEFs every month from around 500 closed-end funds.

DENVER, Aug. 20, 2025 (GLOBE NEWSWIRE) -- ArrowMark Financial Corp., (NASDAQ: BANX) ("ArrowMark Financial"), today announced that BANX's estimated and unaudited Net Asset Value (“NAV”) as of July 31, 2025, was $22.22.

DENVER, July 21, 2025 (GLOBE NEWSWIRE) -- ArrowMark Financial Corp., (NASDAQ: BANX) ("ArrowMark Financial"), today announced that BANX's estimated and unaudited Net Asset Value (“NAV”) as of June 30, 2025, was $22.22.

BANX invests in riskier tranches of bank loans, offering high-yield income but with elevated risk, especially in uncertain markets. The portfolio remains stable and diversified, with modest leverage and no major disruptions or shocks year-to-date. Tariff-related risks now outweigh concerns about interest rates, as supply chain disruptions may increase delinquencies in BANX's unsecured holdings.

DENVER, June 17, 2025 (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 second quarter 2025. The total distribution of $0.45 per share will be payable on June 27, 2025 to shareholders of record on June 23, 2025.

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DENVER, May 14, 2025 (GLOBE NEWSWIRE) -- ArrowMark Financial Corp., (NASDAQ: BANX) ("ArrowMark Financial"), today announced that BANX's estimated and unaudited Net Asset Value (“NAV”) as of April 30, 2025, was $21.74.

The Income-Covered CEF Report screens for funds with distribution coverage exceeding 100%, suggesting lower risk of distribution cuts and potential price declines. The report ranks CEFs by widest discounts, best z-scores, highest yields, and best combinations of yield, discount, and z-score for further research. Notable funds include HFRO, FSCO, and ArrowMark Financial Corp, though BANX's discount may be overstated due to NAV reporting lag.

ArrowMark Financial Corp has been holding up relatively well despite the overall equity market volatility, leading to only limited declines in terms of total returns. BANX invests primarily in regulatory capital securities of financial institutions, providing a unique exposure for retail investors and showing resilience compared to broader equity markets. What the latest decline has brought is a more attractive overall entry price, as the fund's discount has widened quite sharply, but that widened discount is closing quite quickly, too.