ArrowMark Financial Corp:BANX

    Manage Alerts


    As of 7/3/2022. NAV as of 2/28/2022.

    52 Wk Avg$21.46$21.60-0.70%
    52 Wk High$24.19$21.856.02%
    52 Wk Low$17.32$20.97-15.26%
    Regular Distribution TypeIncome Only
    Distribution Rate8.21%
    Distribution Amount$0.3900
    Distribution FrequencyQuarterly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    AMFC’s primary investment objective is to provide stockholders with current income.To achieve our investment objectives through investments in preferred equity, subordinated debt, convertible securities, regulatory capital relief securities and, to a lesser extent, common equity. Under normal circumstances, to invest at least 80% of the value of our net assets plus the amount of any borrowings for investment purposes in such businesses.

    Capital Structure

    As of 7/3/2022

    Total Investment Exposure:$148.372M
    Total Common Assets:$148.372M
    Common Shares Outstanding:7,075,430

    As of 6/20/2022

    Preferred Share Assets:
    Total Debt (USD): $60.000M
    Regulatory Leverage (USD): $60.000M
    Effective Leverage (USD): $60.000M
    Effective Leverage (%): 28.42%
    Annual Expense Ratios

    As of 12/31/2021

      Per Common Share
    Management Fees2.43%
    Other Expenses:0.98%
    Baseline Expense: N/A
    Interest Expense:1.00%
    Total: 4.41%
    Fund Management

    Fund Sponsor
    ArrowMark Asset Management, LLC

    Portfolio Managers
    Sanjai Bhonsle, Patrick J Farrell, Rick Grove

    Category: Equity-Sector Equity
    Ticker: BANX
    NAV Ticker: XBANX
    Average Daily Volume (shares): 11,035
    Average Daily Volume (USD): $0.234M
    Inception Date: 11/7/2013
    Inception Share Price: $25.00
    Inception NAV: $23.49
    Tender Offer: No
    Term: Yes
    Fiscal Year End: December 31
    Third Party Links & Reports


    As of 7/3/2022

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 12/31/2021
    Annualized Distribution Rate on NAV:
    As of 7/3/2022
    Total Return on NAV (12 months):
    As of 7/3/2022
    Avg. Portfolio Coupon:
    As of 7/3/2022
    Total % Portfolio Effectively Leveraged:
    As of 7/3/2022

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 7/4/2022

    PeriodAvg Discount
    6 Month-2.28%
    1 Year-0.70%
    3 Year-3.88%
    5 Year-3.11%

    As of 7/4/2022

    3 Month-0.38
    6 Month-1.08
    1 Year-1.78
    Pricing History
    Date NAV Premium / Discount


    Calendar Year Total Returns

    As of 6/30/2022
    Category: Morningstar US CEF Sector Equity

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 6/30/2022
    Category: Morningstar US CEF Sector Equity

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 2/28/2022
    Number of Holdings:
    As of 3/31/2022
    Annual Portfolio Turnover:
    As of 12/31/2021
    Average Bond Price:
    As of 3/31/2022
    Asset Allocation

    As of 3/31/2022

    Top Sectors

    As of 3/31/2022

    Corporate (Super Sector)104.81%
    Corporate Bond88.47%
    Securitized (Super Sector)19.06%
    Preferred Stock11.73%
    Asset Backed10.35%
    Government Commercial Mortgage Backed8.71%
    Cash Equivalents (Super Sector)8.36%
    Cash Equivalents8.36%
    Bank Loan4.60%
    Government Related3.74%
    Top Holdings

    As of 3/31/2022

    HoldingValue% Portfolio
    Community Funding 2018 Llc$17.66M11.60%
    Goldman Sachs Bank Notes$10.99M7.22%
    Citibank, N.A. 0.01%$9.90M6.50%
    Deutsche Bank AG 10.254%$7.73M5.08%
    Barclays Bank plc 0%$7.37M4.84%
    Nans 2018-1 Cln$7.14M4.69%
    American Capital Bancorp - Subordinated Loan$7.00M4.60%
    Salisbury Securities$6.72M4.41%
    First Marquis Holdings Llc$6.60M4.34%
    Other Liability$-58.75M-38.59%
    Credit Quality

    As of 3/31/2022

    Maturity Breakdown

    As of 3/31/2022

    Country Allocation

    As of 3/31/2022

    Country% Portfolio
    United States - Fixed Income64.47%
    United Kingdom - Fixed Income15.18%
    Ireland - Fixed Income8.58%
    Germany - Fixed Income7.15%
    France - Fixed Income3.87%
    Spain - Fixed Income3.74%
    Portugal - Fixed Income3.04%
    United States - Equity0.27%
    Canada - Equity0.03%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.


    Distribution type sourced from Morningstar. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.