News & Events zu ArrowMark Financial Corp. (BANX)BANXArrowMark Financial Corp.

ArrowMark Announces Special Cash Distribution of $0.10 per Share

ArrowMark Financial Corp. announced that its Board of Directors has declared a special cash distribution of 10c per share generated from excess income, and a regular monthly cash distribution of 15c per share for September 2026. The total distribution of 15c per share will be payable on September 30, 2026, to shareholders of record on September 23, 2026. The special distribution will be payable on December 31, 2026, to shareholders of record on December 24, 2026.

ArrowMark Financial Announces Preliminary Results of Transferable Rights Offering

ArrowMark Financial announced the preliminary results of its transferable rights offering. The Offer commenced on January 22 and expired on February 18. The Offer entitled rights holders to subscribe for up to an aggregate of 2,604,156 of the Fund's shares of common stock, par value $0.001 per share. The subscription price was $19.79 per Common Share and was determined based upon 90% of the Fund's net asset value per Common Share at the close of trading on the NASDAQ Global Select Market on the Expiration Date. Common Shares will be issued promptly after receipt of all shareholder payments and completion of the pro-rata allocation of Common Shares in respect of the oversubscription privilege. Gross proceeds of the Offer are expected to be approximately $37,000,000. The Fund intends to invest the net proceeds of the Offer in accordance with its investment objectives and policies.

ArrowMark Financial Corp. Issues 673,249 Shares at $22.28 Each

ArrowMark Financial Corp. announced that it has entered into a securities purchase agreement with investors to purchase 673,249 of its shares of common stock, in a registered direct offering. The purchase price for one share of common stock was $22.28. The Net Asset Value at the time of the transaction was $22.20. The registered direct offering is accretive to current shareholders. The proceeds from the registered direct offering are expected to be $14,999,987.72, exclusive of legal and administrative expenses associated with the transaction. ArrowMark anticipates that the net proceeds will be invested in accordance with its investment strategy.