ArrowMark Financial Corp. (BANX)
Summary
BANX Chart
BANX: Attractive 8.7% Yield, With Monthly Income
U.S. banks hold $14 trillion in loans. Regulations require them to manage risks. Demand for Synthetic Risk Transfer is on the rise, and major global banks are increasingly adopting this to offload some risk. ArrowMark Financial Corporation is a unique CEF offering diversified exposure to SRTs with Tier 1 U.S. banks and pays an 8.7% yield.
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ArrowMark Financial offers unique exposure to regulatory capital relief securities, delivering attractive, high-yielding, and floating-rate exposure. A rights offering earlier this year pressured BANX's share price, widening its discount to NAV and creating a tactical opportunity for investors to sell pre-RO and repurchase post-RO. Since the RO, the price has remained under pressure, which helps to provide an attractive entry price.
ArrowMark Financial Corp. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| AWM Accurate Wealth Management LLC Accurate Wealth Management LLC | 11,388 | $249,610.76 | $235,503.84 | -$14,106.92 | -5.65% |
 Richard Slavik Newbridge Financial Services Group Inc. | 200 | $4,186 | $4,136 | -$50 | -1.19% |
 Hui Fai Tam Caitong International Asset Management Co. Ltd. | 2 | $39 | $41.5 | $2.5 | 6.41% |
 Chris M. Frantz Catalina Capital Group, LLC | 15,717 | $326,493.27 | $320,626.8 | -$5,866.47 | -1.8% |
 Lee Larson Everstar Asset Management, LLC | 47,345 | $993,948.25 | $965,838 | -$28,110.25 | -2.83% |
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ArrowMark Financial Corp. Profile
| NASDAQ (NGS) Exchange | US Country |
Overview
ArrowMark Financial Corp. operates as a closed-end balanced mutual fund, which was established on February 7, 2013, and is based in the United States. The mutual fund is launched and managed by ArrowMark Asset Management, LLC, indicating a professional and focused approach towards investment management. ArrowMark Financial Corp. has positioned itself to invest broadly in the public equity and fixed income markets on a global scale, showcasing its commitment to diversified and comprehensive investment strategies.
Products and Services
- Equity Investments
The mutual fund invests in the equity portion by focusing on stocks of companies operating primarily within the financials and banks sectors. ArrowMark Financial Corp. leans towards both growth and value stocks, indicating a flexible approach to capturing opportunities across diversified market capitalizations. This strategy is aimed at generating returns through careful selection of stocks based on their growth potential and value assessment.
- Fixed Income Investments
For its fixed income portfolio, ArrowMark Financial Corp. shifts its focus towards investments in debt and subordinated debt, structured notes, and securities, as well as regulatory capital securities. Importantly, it opts for instruments that are rated below investment grade. This choice underscores the fund’s strategy of seeking higher yields through increased risk, a common approach in the management of fixed income assets seeking to enhance portfolio returns.
