StoneCastle Financial Corp. (NASDAQ:BANX) Files An 8-K Other Events
Item 8.01
On December 9, 2019, StoneCastle Financial Corp. (the “Company”) announced that ArrowMark Partners has entered into a definitive agreement to acquire the platform and assets of StoneCastle Asset Management LLC, the external investment adviser to the Company, through its subsidiary, StoneCastle-ArrowMark Asset Management LLC, and that the Company’s Board of Directors has approved the appointment of StoneCastle-ArrowMark as the new investment adviser to the Company, contingent upon receipt of stockholder approval and the closing of the acquisition. The full text of the press release making this announcement is attached hereto as Exhibit 99.1 to this Form 8-K and is incorporated herein by reference. In addition, the Company and ArrowMark Partners have prepared an investor presentation, a copy of which is attached hereto as Exhibit 99.2 and incorporated by reference.
(d) Exhibits:
StoneCastle Financial Corp. Exhibit
EX-99.1 2 c94713_ex99-1.htm STONECASTLE FINANCIAL CORP. ANNOUNCES ARROWMARK PARTNERS’ AGREEMENT TO ACQUIRE STONECASTLE ASSET MANAGEMENT’S BANK INVESTMENT PLATFORM New York,…
To view the full exhibit click here
About StoneCastle Financial Corp. (NASDAQ:BANX)
StoneCastle Financial Corp. is a non-diversified, closed-end management investment company. The Company’s primary investment objective is to provide stockholders with current income, and to a lesser extent capital appreciation. The Company generally invests in the senior debt, subordinated debt, preferred shares and common stock of community banks. The Company’s investment portfolio includes term loans, debt securities, trust preferred securities, preferred shares of credit securitization, preferred securities, convertible preferred stock, common stock, exchange traded fund, limited partnership interest and money market fund. The Company invests in bank issuers of various locations, such as California, Colorado, Florida, Georgia, Illinois, Kansas, Maine, Maryland, New Jersey, New York, Ohio, North Carolina, Oklahoma, South Carolina, Texas and West Virginia.