ArrowMark Financial Corp. (BANX)
About ArrowMark Financial Corp. (BANX)
StoneCastle Financial Corp. invests in term loans, senior and subordinated debt securities, convertible securities, preferred equity and common equity. The investment strategy emphasizes risk-adjusted rates of return and value creation for shareholders. The Schedule of Investments can be found on the Companys website. Current investments are 30.2% in credit securitizations, 22.2% in term loans and other debt securities, 14.9% in preferred stock, 13.5% in pooled equity interest, 12.8% in ETFs, 2.2% in trust preferred securities, and the remaining 4.2% in other securities.2 A majority of the companys underlying investments are scored investment grade (BBB- or better) by Kroll Bond Rating Agency (KBRA). As a regulated investment company, StoneCastles leverage is limited to a maximum of 33.33%. The Company has approximately $98.6mm of total investments attributed to community banks and $11.7 million of total investments attributed to alternative capital securities in the investment portfolio.
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