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home / news releases / FINS - StoneCastle Financial: A Unique CEF Presenting An Opportunity


FINS - StoneCastle Financial: A Unique CEF Presenting An Opportunity

Written by Nick Ackerman, co-produced by Stanford Chemist

StoneCastle Financial (BANX) is a little known closed-end fund. While it is structured as a CEF, it is running a bit more like a company. I hadn't even heard about this fund until I did the piece analyzing dividend cuts through the pandemic for all CEFs. A reader had commented that I didn't have anything listed for BANX for a dividend, but that they did, in fact, pay a dividend. This fund trades at an incredible discount offers an enticing yield that was just covered

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Stock Information

Company Name: Angel Oak Financial Strategies Income Term Trust of Beneficial Interest
Stock Symbol: FINS
Market: NYSE
Website: angeloakcapital.com/fins/

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