ArrowMark Financial Q3 2022 NII $0.46/share; NAV down to $20.74; portfolio yield 11.85%

ArrowMark Financial Corp.

Net investment income $3.3M ($0.46/share); $5.3M gross income vs $2.0M expenses.
Net realized and unrealized loss of ($0.27) per share.
NAV $20.74, down $0.20 from prior quarter; total net assets $147.3M.
Portfolio annualized yield 11.85%, up 174 bps from 10.11% in prior quarter.
Invested $17.9M in four regulatory relief investments; $14.9M total proceeds received; $62.3M drawn on $70M credit facility.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ArrowMark Financial Corp. reported the third quarter ended September 30, 2022 results: net income $3.3 million or $0.46 per share, EPS $0.46 per share.

Period: the third quarter ended September 30, 2022
Net income: $3.3 million or $0.46 per share
EPS: $0.46 per share
Result: reported results

Exact text from the filing

ArrowMark Financial Corp. (Nasdaq: BANX) (“ArrowMark Financial” or the “Company”), an investment company registered with the Securities and Exchange Commission (“SEC”), today announced results for the third fiscal quarter ended September 30, 2022.

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ArrowMark Financial Corp. filing history →

Source: SEC EDGAR

accession 0000930413-22-001933

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