BANX / ArrowMark Financial Corp: Can You BANX On This Yield?

ArrowMark Financial Corp. offers investors a portfolio of floating rate exposure that has been benefiting from the rise in interest rates. The fund's more_horizontal

BANX experienced a significant drop in May, which continues to leave an opportunity for investors to buy at a deep discount as only a partial recovery more_horizontal

Only funds with yields over 8%, coverage higher than 90%, and trading at a discount are considered. Top lists of discount, yield, DxY, and DxYxZ are g more_horizontal

Quantitative screens narrow down attractive closed-end funds for further investigation. "Quality" report focuses on funds with >100% distribution cove more_horizontal

Closed-end funds offer high income, diversification, and market-matching total returns for income-focused investors. Five CEFs with solid track record more_horizontal

BANX has bounced back after being sold off during the banking crisis, with its NAV increasing by 2.62% in April. ETW offers a more defensive approach more_horizontal

BANX is a rather unique closed-end fund, investing heavily in regulatory capital relief securities. Given this exposure, one might be concerned about more_horizontal

BANX is a relatively unique closed-end fund from what we typically see from a traditional CEF. They invest heavily in regulatory capital securities, w more_horizontal