DENVER, May 09, 2022 (GLOBE NEWSWIRE) — ArrowMark Financial Corp., BANX (“ArrowMark Financial” or the “Company”), today announced that the estimated and unaudited net asset value (“NAV”) of the Company as of April 30, 2022 was $21.36. Net asset value was down $0.08 from the previous month.
This estimated net asset value is not a complete statement of our financial position or results for the month ended April 30, 2022. We advise you that our unaudited net asset value per share for the second quarter ended June 30, 2022 will be published as part of our quarterly earnings reporting process and may differ materially from this estimated net asset value.
About ArrowMark Financial Corp.
ArrowMark Financial is an SEC registered non-diversified closed-end investment company listed on the NASDAQ Global Select Market under the symbol “BANX”. Its investment objective is to provide shareholders with current income. ArrowMark Financial is managed by ArrowMark Asset Management, LLC. To learn more, visit ir.arrowmarkfinancialcorp.com.
Disclaimer and Risk Factors:
There can be no assurance that ArrowMark Financial will achieve its investment objective. ArrowMark Financial is subject to numerous risks, including investment and market risk, management risk, income and interest rate risk, banking industry risk, preferred stock risk, convertible securities risk, debt securities risk, liquidity risk, valuation risk, leverage risk, non-diversification risk, credit and counterparty risk, market risk discount to net asset value and risk of market disruption. Shares of closed-end investment companies may trade above (a premium) or below (a discount) their net asset value. ArrowMark Financial shares may not be suitable for all investors. Investors should carefully review and consider ArrowMark Financial’s investment objective, risks, charges and expenses. Past performance does not guarantee future results.
The Company’s annual report, semi-annual report and other regulatory filings with the SEC are available on the SEC’s website at www.sec.gov and on the Company’s website at ir.arrowmarkfinancialcorp.com.