BANX: Why Bank Reg-Cap Shouldn't Be Overlooked By Income Investors
ArrowMark Financial Corp (BANX) provides exposure to regulatory capital relief securities, which yield 9.1%. The fund is currently trading at a 6% discount, but it has high fees and poor transparency. Despite its high-quality portfolio, BANX may be considered expensive compared to other investment options like BDCs and CLO equity funds.
- ▪ArrowMark Financial offers exposure to regulatory capital relief securities.
- ▪The fund yields 9.1% and is trading at a 6% discount.
- ▪BANX's portfolio is rated between BB+ and BBB-, indicating high quality.
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