DENVER, Dec. 08, 2023 (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 special cash distribution of $0.10 per share generated from excess income, and a regular cash distribution of $0.45 per share for the fourth quarter 2023. The total distribution of $0.55 per share will be payable on January 5, 2024 to shareholders of record on December 29, 2023.
"We are very pleased to announce the special distribution for Q4 2023 along with the recently increased distribution rate of $0.45. We believe this distribution reflects the Fund's ability to consistently over-earn its declared quarterly distribution ...