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