ArrowMark Financial Corp. Announces Q2 2024 Results, Third Quarter 2024 Cash Distribution of $0.45 Per Share

DENVER, Sept. 16, 2024 (GLOBE NEWSWIRE) — ArrowMark Financial Corp., (NASDAQ: BANX) (“ArrowMark Financial” or the “Fund”), an SEC registered closed-end management investment company, today announced that its board of directors has declared a cash distribution of $0.45 per share for the third quarter of 2024. The distribution of $0.45 per share will be payable on September 30, 2024 to shareholders of record on September 26, 2024.

“We are very pleased to announce that net income for Q2 2024 was $0.70 per share, well ahead of the quarterly distribution amount of $0.45 per share. Through June 30^andthe collateral underlying the Fund’s holdings exceeded overall expectations formed by our initial due diligence of each investment. The Fund remains committed to delivering consistent returns to its shareholders and maintaining its strong track record of quarterly distributions,” said Chairman and CEO Sanjai Bhonsle.