DENVER, June 14, 2022 (GLOBE NEWSWIRE) — ArrowMark Financial Corp., (NASDAQ: BANX) (“ArrowMark Financial” or the “Company”), today announced that the estimated, unaudited net asset value of the Company as of May 31, 2022 (“NAV”) was $21.34, down $0.02 from the prior month.
Additionally, ArrowMark Financial announced the appointment of Dana Staggs as President. Mr. Staggs has over 27 years of experience leading organizations. He has worked at ArrowMark Partners for five years as Managing Director, helping to lead the firm’s private debt and equity investment strategy. Mr. Staggs works as part of the ArrowMark Financial Corp. team. since 2020, focusing on origination, due diligence and investment portfolio management.
Prior to joining ArrowMark Partners in 2017, Mr. Staggs held similar roles at Goldman Sachs Asset Management and Barclays Bank PLC. He served more than 10 years in the United States Navy, reaching the rank of Lieutenant Commander after graduating from the United States Naval Academy.
“Dana brings her expertise as a leader and her knowledge of business development and creation to ArrowMark Financial Corp. for more than two years. I am delighted to have Dana as an official member of the management team,” said Sanjai Bhonsle, Chief Executive Officer.
About ArrowMark Financial Corp.
ArrowMark Financial is an SEC-registered, non-diversified closed-end investment company listed on the NASDAQ Global Select Market. ArrowMark Financial is managed by ArrowMark Asset Management, LLC. To learn more, visit ir.arrowmarkfinancialcorp.com.
Disclaimer and Risk Factors:
There can be no assurance that ArrowMark Financial will achieve its investment objective. ArrowMark Financial is subject to numerous risks, including investment and market risk, management risk, income and interest rate risk, banking industry risk, preferred stock risk, convertible securities risk, debt securities risk, liquidity risk, valuation risk, leverage risk, non-diversification risk, credit and counterparty risk, market risk discount to net asset value and risk of market disruption. Shares of closed-end investment companies may trade above (a premium) or below (a discount) their net asset value. ArrowMark Financial shares may not be suitable for all investors. Investors should carefully review and consider ArrowMark Financial’s investment objective, risks, charges and expenses. Past performance does not guarantee future results.