earnings
confidence high
sentiment neutral
materiality 0.60
ArrowMark Financial Q2 NII $0.43/share; NAV $20.94, down $0.50 from prior quarter
ArrowMark Financial Corp.
- Net investment income $3.0M ($0.43/share); net realized/unrealized loss ($0.54)/share.
- NAV per share $20.94, down $0.50 from Q1; total net assets $148.7M.
- Invested $23.8M in four regulatory relief capital investments; total proceeds $14.8M from sales/calls/paydowns.
- Estimated annualized portfolio yield 10.11%, up 58 bps from 9.53% prior quarter.
- Paid $0.39/share regular cash distribution on June 29; $51.5M drawn on $70M credit facility.