StoneCastle Financial Corp. Announces ArrowMark Partners’ Acquisition of StoneCastle Asset Management’s Bank Investment Platform, Stockholder Approval of New Management Agreement and Election of Directors
New Management Agreement
Election of Directors
At the special stockholder meeting held on
In addition to the required stockholder approvals, the Transaction was subject to other customary closing conditions which were satisfied.
Dechert LLP acted as legal counsel, and Berkshire Global Advisors acted as financial advisor, to StoneCastle Asset Management and its parent StoneCastle Partners, LLC. Schulte Roth & Zabel LLP acted as legal counsel, and Colchester Partners acted as financial advisor to ArrowMark. Pepper Hamilton LLP acted as legal counsel to the Company. Shearman & Sterling LLP acted as legal counsel to the Company’s independent directors.
About StoneCastle Financial Corp.
StoneCastle Financial Corp. is a registered non-diversified, closed-end investment company listed on the NASDAQ Global Select Market under the symbol "BANX.” Its investment objective is to provide stockholders with current income and, to a lesser extent, capital appreciation. StoneCastle Financial Corp. is managed by StoneCastle-ArrowMark Asset Management. To learn more, visit www.stonecastle-financial.com.
StoneCastle Financial Corp.
Source: StoneCastle Financial Corp.