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ArrowMark Financial Corp (BANX)

Taxable Bond Funds - Investment Grade Bond

Data as of Dec. 6, 2024
Current
Market Price $20.87 (- $0.07)
NAV (Oct. 31, 2024) $22.02 ( $0.00)
Fund Listed NASDAQ
Premium / Discount -5.22% (-0.32%)
Fund Info
Inception Nov. 7, 2013
Sponsor ArrowMark Asset Management
Website https://ir.arrowmarkfi...
Phone 877-855-3434
Location Colorado
Incorporated Delaware
Staggered Board Yes
Term Date N/A
Objective: Current income; preferred equity, subordinated debt, convertible securities and bank sector common equity
Related Indexes
US Bond Index
Capital & Leverage
Outstanding Shares 7,118,920
Total Assets (Reported: June 30, 2024) $213M
Estimated Total Assets $217M
Net Assets $157M
Market Cap $149M
Portfolio Turnover 4.00%
Total Leverage 27.68%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 6.47%
Non Lev Exp Ratio 3.85%
Rel Lev Cost 6.80%
Discount Data
Average Discount (3 Yr) -12.78%
Discount Low(3 Yr) -31.62%
Discount High(3 Yr) 3.23%
Discount Rel Range (3 Yr) 75.75%
Comp Discount -11.49
Discount St Dev (1Yr) 3.93
Z-Stat
Z-Stat (6mo) 1.00
Z-Stat (1Yr) 1.59
Z-Stat (3Yr) 1.08
Comp Z-Stat (6mo) 0.82
Comp Z-Stat (3Yr) 0.17
Distribution Data
Market Yield 8.62%
Income Yield 8.62%
Lev Adj NAV Yield 6.40%
Distribution Frequency Q
Current Distribution $0.450
Current Income $0.450
Ex-Date 12/26/24
Payable Date 1/3/25
Div Growth (3yr) 18.42%
Dividend Change 15.4% on 9/11/23
Expected Div 3/5/25
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Tax Dividend Data 2023 2021 - 2023
Income 80.9% 93.6%
ST Gains 0% 0%
QDI 1.5% 6.8%
LT Gains 19.1% 6.4%
RoC 0% 0%
Volume & Liquidity
Average Daily $ (K) $493
Avg Volume 30 day 20,835
Avg Volume 90 day 23,646
Volume Trend -11.89%
Comp Volume Trend -2.57%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
23.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
36.0%
Price Correlation (1yr)
vs. CEFA's Investment Grade Bond Index
35.0%
Most Correlated Peer (Mk Pr): PIM 49.0%
NAV - Price Correlation (30 d) 0.0%
NAV - Price Correlation (90 d) 46.7%
NAV - Price Correlation (1 Yr) 75.4%
Price St Dev (1Yr) 16.0%
NAV St Dev (1Yr) 3.3%
Earnings
Earnings / Share (6/30/24) $0.696
Earn Coverage 154.64%
Earnings Trend Up
UNII / Share (6/30/24) $1.665
Rel UNII 92.51
UNII Trend Up
Bond Specific Data
Maturity
Duration
Credit Rating (rbo) None
Investment Grade None%
Non Investment Grade None%
Unrated Bonds None%
Performance
NAV Beta (2yr)
vs. S&P 500 (TR)
0.38
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
0.58
NAV Beta (2yr)
vs. CEFA's Investment Grade Bond Index
0.47

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

The following information applies to closed-end funds and business development companies 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 (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) 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 and business development companies 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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