ArrowMark Financial Corp. invests in income-producing assets tied to financial institutions, including bank-related credit and capital instruments. Borrower and company payments are useful only when the credit behind them remains sound.
Business
Preferred securities CEF
Listing
BANX · NASDAQ
Reporting period
2026-06-30
Dividend schedule
Monthly
How the business works
Interest and other portfolio receipts become net investment income after operating and financing costs. Credit marks, realized results and the value of financial-sector holdings affect NAV separately.
Extras are shown separately and are not assumed to repeat.
Reported earnings
Each measure shown separately, per share
Net investment income$0.97
Jan 1, 2026 to Jun 30, 2026
$0.00$0.97
Distribution yield8.61%Sourced distributions divided by dated market priceReported annual income yield10.49%Reported net investment income $2.2900 per share for 2025-01-01 to 2025-12-31, divided by approved 2025-12-31 market price $21.8200. Excludes capital gains; historical, not a current yield or forecast.Reported annual investment income$2.29Per share for 2025 FY. Excludes investment gains.Annual dividend$1.80Current regular payment annualized per share
Dividend payment history
Date or month
Per share
Sep 30, 2026
$0.15
Reported earnings and sources
Reported earnings for the latest four periods. Compare the same earnings measure across periods; different measures are not added together.
Cash distributions are the total paid per share during each reporting period, including any gains or return of capital. Period lengths may differ, so compare the dates before comparing amounts. Short periods are not annualized.
NAV change excludes distributions. Reported NAV total return includes reinvestment and is copied from the fund statement, not estimated by adding cash distributions to the NAV change.
How to read BANX income
Dividends and interest after fund expenses help explain the cash available for distributions. Gains and return of capital remain separate.
Watch payment suspensions, refinancing and any borrowing costs. Higher yields can come with greater credit or interest-rate risk.
Income and distributions
Income and cash distributions per share for the same dated periods. Shorter periods are kept separate and are not annualized. Dividends and interest after fund expenses help explain the cash available for distributions. Gains and return of capital remain separate.
Reported investment gain or loss per share−$0.9300
Total distributions per share$1.0000
$-1.00$1.00
In the first half of 2026, BANX reported $0.97 of net investment income per share and $1.00 of distributions. NAV moved from $21.96 to $21.00. The income and cash figures were close, but the lower NAV says the wider portfolio result deserves attention alongside the payment.
Portfolio dividends and interest, realized investment results and any option activity contribute to distribution resources after expenses. A declared distribution can include gains or return of capital as well as investment income; its amount is not an earnings figure.
The earnings available to shareholders depend on the cash generated by these activities after operating and financing costs. Portfolio gains, financing proceeds and recurring income should be evaluated separately.
The June 30, 2026 financial highlights show $40.8 million of credit-facility borrowing and $203.494 million of net assets.
Financing can increase earning assets, but its cost reduces income available to common shareholders. When borrowing costs rise or portfolio income falls, the distribution can become harder to sustain.
ArrowMark Financial Corp. reported $0.9700 per share for 2026-01-01 through 2026-06-30, measured as Fund net investment income per common share; actual reporting period, not annualized.
Actual per-share reporting period, without annualisation. Net investment income, realized gains, unrealized changes and cash distributions are different measures. This comparison is not the Fly High forward Dividend Coverage Ratio.
Losses or weaker cash generation in preferred and financial-sector securities can reduce the resources available for future distributions.
Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.
A maintained payment can exceed investment results. Review NAV and reported income together rather than treating distribution yield as total return.
Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.
Compare the next like-length income and cash figures, then examine bank credit, asset marks, financing costs and NAV for what changed.
Net asset value (NAV)
NAV per share$21.00Aug 31, 2026Market price$20.90Sep 18, 2026PREMIUM / DISCOUNT TO NAVUnavailableUnavailable: requires valid positive NAV and market price from the same date.
NAV is the fund's assets minus liabilities, divided by shares outstanding. All values are USD per share.
ArrowMark estimated and unaudited common-share NAV as of 2026-08-31. The newer saved market price is preserved. No premium or discount is calculated from different dates. Older audited NAV history remains unchanged.
Compare the next like-length income and cash figures, then examine bank credit, asset marks, financing costs and NAV for what changed.
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U.S. federal · Tax year 2025
Dividend tax treatment
The company designates $2.30 per share as taxable ordinary income for 2025, with none eligible for qualified-dividend treatment.
Ordinary, nonqualified
100%
Qualified dividends
0%
Capital-gain distributions
0%
Return of capital
0%
Tax year: 2025. Total distributions: $2.30 per share.
Tax details and source
Total ordinary dividends (includes qualified)
100%
Section 199A portion (within ordinary dividends)
Not confirmed
Exempt-interest distributions
0%
Reporting form
Form 1099-DIV
Source date
Not stated
Qualified dividends are included in total ordinary dividends. Section 199A is a separate designation within ordinary dividends, not extra income or qualified dividend income.
Your account type, holding period and circumstances affect treatment. Use your broker’s tax statement for filing. Return of capital generally reduces cost basis; amounts beyond basis can be taxable. IRS dividend guidance.
