ArrowMark Financial Corp. Announces Special Distribution of $0.10 and Regular Cash Distribution of $0.39 per Share for Fourth Quarter 2022
17 December 2022 - 10:45AM
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
special cash distribution of $0.10 per share generated from excess
income, and a regular cash distribution of $0.39 per share for the
fourth quarter 2022. The total distribution of $0.49 per share will
be payable on January 5, 2023 to shareholders of record on December
29, 2022.
“This special distribution reflects the
Company’s relatively stable Net Asset Value and its ability to
generate income in excess of our regular quarterly dividends during
2022. It also reflects our continued commitment to creating
long-term value for our shareholders,” said Sanjai Bhonsle,
Chairman and CEO.
About ArrowMark Financial
Corp.
ArrowMark Financial is an SEC registered
non-diversified, closed-end investment company listed on the NASDAQ
Global Select Market. ArrowMark Financial is managed by ArrowMark
Asset Management, LLC. To learn more, visit
ir.arrowmarkfinancialcorp.com.
Disclaimer and Risk Factors:
There is no assurance that ArrowMark Financial
will achieve its investment objective. ArrowMark Financial is
subject to numerous risks, including investment and market risks,
management risk, income and interest rate risks, banking industry
risks, preferred stock risk, convertible securities risk, debt
securities risk, liquidity risk, valuation risk, leverage risk,
non-diversification risk, credit and counterparty risks, market at
a discount from net asset value risk and market disruption risk.
Shares of closed-end investment companies may trade above (a
premium) or below (a discount) their net asset value. Shares of
ArrowMark Financial may not be appropriate for all investors.
Investors should review and consider carefully ArrowMark
Financial's investment objective, risks, charges and expenses. Past
performance does not guarantee future results.
The Annual Report, Semi-Annual Report and other regulatory
filings of the Company with the SEC are accessible on the SEC's
website at www.sec.gov and on the Company's
website at ir.arrowmarkfinancialcorp.com.
Contact:
CONTACT:
Julie MuracoInvestor
Relations212-468-5441investorrelations@arrowmarkfinancialcorp.com
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