ArrowMark Financial Corp. appointed Katie Jones as Chief Financial Officer effective immediately, succeeding Pat Farrell who retired from the Fund. President Dana Staggs will also depart from the Fund, with both changes effective August 2, 2026. The leadership transition follows a period of management by ArrowMark Partners since 2019 and aims to maintain operational excellence for shareholders.

Leadership Transition Details

Katie Jones steps into the role of Chief Financial Officer, bringing seven years of experience with the Fund since ArrowMark Partners assumed management. Her appointment reflects the Board of Directors' confidence in her deep operational expertise and knowledge of the Fund’s investment objectives. Chairman & CEO Sanjai Bhonsle highlighted her integral role in the operations and her commitment to shareholder interests.

The responsibilities of the outgoing executives will be redistributed within the team. Dana Staggs’s duties will be assumed by multiple members of the investment team closely involved with the product, while Pat Farrell’s CFO responsibilities transition to Katie Jones. The Fund acknowledged the contributions of both outgoing executives, noting their years of dedicated service.

About ArrowMark Financial Corp.

ArrowMark Financial Corp. is an SEC-registered non-diversified, closed-end fund listed on the NASDAQ Global Select Market under the symbol "BANX." Its investment objective is to provide current income by investing primarily in regulatory capital securities of financial institutions. The Fund is managed by ArrowMark Asset Management, LLC.

ArrowMark Financial Corp. announced an estimated and unaudited Net Asset Value (NAV) of $21.10 as of May 31, 2026. The company clarified that this figure is not a comprehensive statement of its financial condition or results for the month end.

ArrowMark Financial Corp. is an SEC registered non-diversified, closed-end fund listed on the NASDAQ Global Select Market under the symbol "BANX." Its investment objective is to provide shareholders with current income. BANX pursues its objective by investing primarily in regulatory capital securities of financial institutions. BANX is managed by ArrowMark Asset Management, LLC.

The company noted that shares of closed-end investment companies may trade above or below their net asset value. ArrowMark Financial is subject to numerous risks, including investment and market risks, management risk, income and interest rate risks, and banking industry risks. Investors should review the company's investment objectives, risks, charges, and expenses carefully.