BANX - ArrowMark Financial: Niche 10% Yield Very Strong Q3 2023 Earnings 15% Discount

2024-01-26 09:15:00 ET

Summary

• ArrowMark Financial is a closed-end fund that focuses on US community banks and regulatory capital securities.
• The fund's holdings have been altered to include regulatory capital relief securities, with top holdings including Citibank and Deutsche Bank.
• BANX has seen strong growth in net investment income, resulting in a 15% increase in the quarterly dividend.

Looking for a niche high-yield investment in the financial sector?

ArrowMark Financial Corp. ( BANX ) has been one of our core holdings since the inception of our portfolio, when it was known as StoneCastle Financial Corp. It's a closed-end fund covering two unique niches - US community banks and regulatory capital securities....

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