STONECASTLE FINANCIAL CORP:BANX

    Manage Alerts

    Overview

    As of 9/22/2021. NAV as of 6/30/2021.

     Share
    Price
    NAVPremium/
    Discount
    Current$21.37$21.80-0.23%
    52 Wk Avg$20.50$21.30-3.79%
    52 Wk High$22.67$21.806.02%
    52 Wk Low$17.81$20.66-12.15%
    Regular Distribution TypeIncome Only
    Distribution Rate7.11%
    Distribution Amount$0.3800
    Distribution FrequencyQuarterly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The company’s primary investment objective is to provide stockholders with current income, and to a lesser extent, capital appreciation. The company’s strategy is focused on income generation, capital preservation, credit quality and providing risk-adjusted rates of return.

    Capital Structure

    As of 9/22/2021

    Total Investment Exposure:$194.337M
    Total Common Assets:$140.837M
    Common Shares Outstanding:6,575,035
    Leverage

    As of 9/22/2021

    Preferred Share Assets:
    Total Debt (USD): $53.500M
    Regulatory Leverage (USD): $53.500M
    Effective Leverage (USD): $53.500M
    Effective Leverage (%): 27.53%
    Annual Expense Ratios

    As of 12/31/2020

      Per Common Share
    Management Fees2.08%
    Other Expenses:1.41%
    Baseline Expense: N/A
    Interest Expense:0.68%
    Total: 4.17%
    Fund Management

    Fund Sponsor
    StoneCastle-ArrowMark Asset Management

    Portfolio Managers
    Sanjai Bhonsle, Patrick J Farrell

    Basics
    Category: Equity-Sector Equity
    Ticker: BANX
    NAV Ticker: XBANX
    Average Daily Volume (shares): 15,353
    Average Daily Volume (USD): $0.313M
    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

    Distributions

    As of 9/22/2021

    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 6/30/2021
    $0.7972
    Annualized Distribution Rate on NAV:
    As of 9/22/2021
    7.10%
    Total Return on NAV (12 months):
    As of 9/22/2021
    11.61%
    Total % Portfolio Effectively Leveraged:
    As of 9/22/2021
    27.53%

    Pricing Information

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

    As of 9/23/2021

    PeriodAvg Discount
    6 Month-0.81%
    1 Year-3.79%
    3 Year-4.36%
    5 Year-4.28%
    Z-Score

    As of 9/22/2021

    PeriodZStat
    3 Month-0.52
    6 Month0.17
    1 Year0.82
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 8/31/2021
    Category: Morningstar US CEF Sector Equity

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD19.30%5.39%20.59%14.72%
    2020-10.11%2.07%5.15%5.71%
    201915.54%9.34%26.64%22.38%
    2018-4.12%6.64%-12.35%-9.96%
    20177.70%9.05%18.18%12.88%
    201614.66%5.18%17.45%14.67%
    2015-16.28%6.01%-15.98%-12.75%
    2014-20.72%-0.41%5.16%4.65%
    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 8/31/2021
    Category: Morningstar US CEF Sector Equity

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Number of Holdings:
    As of 6/30/2021
    41
    Annual Portfolio Turnover:
    As of 12/31/2020
    60.00%
    Asset Allocation

    As of 6/30/2021 reported by Fund Sponsor

    Top Sectors

    As of 6/30/2021 reported by Fund Sponsor

    Sector%Portfolio
    Corporate (Super Sector)119.41%
    Corporate Bond95.33%
    Cash Equivalents (Super Sector)38.07%
    Cash Equivalents38.07%
    Preferred Stock19.21%
    Government Related5.81%
    Government (Super Sector)5.81%
    Bank Loan4.87%
    Securitized (Super Sector)4.32%
    Government Commercial Mortgage Backed4.19%
    Top Holdings

    As of 6/30/2021 reported by Fund Sponsor

    HoldingValue% Portfolio
    Community Funding 2018 Llc$18.68M13.03%
    iShares Preferred&Income Securities ETF$15.37M10.72%
    Goldman Sachs Bank Notes$11.21M7.82%
    Deutsche Bank AG 10.18825%$10.69M7.45%
    Fondo de Titulizacion del Deficit del Sistema Electrico, FTA 8%$8.33M5.81%
    Sogolease 2020-1 A$7.89M5.50%
    Nansa$7.67M5.35%
    First Marquis Holdings Llc$7.30M5.10%
    SALISBURY 2019-1 B$7.13M4.98%
    Other Liability$-106.76M-74.48%
    Country Allocation

    As of 6/30/2021 reported by Fund Sponsor

    Country% Portfolio
    United States - Fixed Income68.38%
    United Kingdom - Fixed Income11.84%
    Germany - Fixed Income7.45%
    Spain - Fixed Income5.81%
    United States - Equity4.34%
    Netherlands - Fixed Income3.29%
    Canada - Equity0.05%

    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.

    NOTES:

    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.

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