DENVER, January 20, 2022 (GLOBE NEWSWIRE) — StoneCastle Financial Corp., (NASDAQ: BANX) (“StoneCastle Financial” or the “Company”), today announced that the estimated and unaudited net asset value (“NAV”) of the Company as of December 31, 2021 has been $21.69. NAV was down $0.34 of the previous month. This net asset value reflects the regular cash dividend for the fourth quarter and the special cash dividend totaling $0.48 payable on January 5, 2022, to shareholders of record on December 29, 2021.
This estimated net asset value is not a complete statement of our financial condition or results for the month ended. December 31, 2021. We inform you that our audited net asset value per share for the fourth quarter ending December 31, 2021, will be released as part of our normal quarterly earnings reporting process and may differ materially from this estimated net asset value.
On StoneCastle Financial Corp.
StoneCastle Financial is a SECOND 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. StoneCastle Financial is managed by StoneCastle-ArrowMark Asset Management, LLC. To learn more, visit www.stonecastle-financial.com.
Disclaimer and Risk Factors:
There is no assurance that StoneCastle Financial will achieve its investment objective. StoneCastle Financial is subject to numerous risks, including investment and market risk, management risk, income and interest rate risk, banking industry risk, preferred stock risk, related to convertible securities, debt securities risk, liquidity risk, valuation risk, leverage risk, non-diversification risk, credit and counterparty risk, discounted market relative to net asset value risk and market disruption risk. Shares of closed-end investment companies may trade above (a premium) or below (a discount) their net asset value. Shares of StoneCastle Financial may not be suitable for all investors. Investors should carefully review and consider StoneCastle Financial investment objective, risks, fees and expenses. Past performance does not guarantee future results.
The annual report, the semi-annual report and the other regulatory documents of the Company with the SECOND are accessible on the DRY website at www.sec.gov and on the Company’s website at www.stonecastle-financial.com.
Source: StoneCastle Financial Corp.
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