 DENVER, Aug. 06, 2020 GLOBE NEWSWIRE -- StoneCastle Financial Corp. Nasdaq: BANX StoneCastle Financial or the Company, an investment company registered with the Securities and Exchange Commission SEC, today announced results for the second fiscal quarter ended June 30, 2020. Second Quarter 2020 Investment Highlights: Invested 36.3 million in six investments Realized proceeds of 5.0 million from the partial sale of one investment Realized proceeds from paydowns of 598,996 from two investmentsA complete listing of investments as of the end of the quarter can be found on the Companys website at estimated annualized yield generated by the invested portfolio as of June 30, 2020 excluding cash and cash equivalents was approximately 10.10Second Quarter 2020 Financial ResultsNet investment income was 2,662,465 or 0.41 per share, comprised of 4,017,972 gross income and 1,355,507 of expenses. Net Assets at quarter end were 133,059,234. The Companys Net Asset Value was 20.27 per share, up 1.27 from the prior quarter. In the second quarter, the Company paid a cash distribution of 0.38 per share. The distribution was paid on June 26, 2020 to shareholders of record at the close of business on June 19, 2020. The Company had 33 million outstanding on its 62.0 million credit facility at the quarter end, which represents approximately 19 of total assets. According to regulated investment company rules, the Company may borrow only up to 33.3 of its total assets.Portfolio and Investment Summary As of the close of business on June 30, 2020, the Company had total assets of 173,984,251 consisting of total investments of 165,755,271, cash and other assets of 8,228,980. During the quarter, the Company invested a total of 36,326,963 in six bank-related investments. The Company invested a total of 25,185,650 in alternative capital securities, 6,826,313 in one common stock, and 4,315,000 in one preferred stock. The Company received proceeds of 5,025,252 from the partial sale of iShares SP U.S. Preferred Stock Index Fund PFF.Quarterly Conference CallStoneCastle Financial will host a webcast and conference call on August 6, 2020 at 5:00 pm Eastern time.The conference call can be accessed by dialing 1-877-407-9039 for domestic callers or 1-201-689-8470 for international callers. Participants may also access the call via live webcast by visiting StoneCastle Financials investor relations website at To listen to a live broadcast, go to the website at least 15 minutes prior to the scheduled start time in order to register, download and install any necessary audio software. A replay will be available shortly after the call and be available through midnight Eastern Time on August 20, 2020. The replay can be accessed by dialing 1-844-512-2921 for domestic callers or 1-412-317-6671 for international callers. The passcode for the replay is 13706664. The archive of the webcast will be available on the Companys website for a limited time.About StoneCastle Financial Corp.StoneCastle Financial is an SEC registered non-diversified, closed-end management 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 is managed by StoneCastle-ArrowMark Asset Management, LLC. To learn more, visit Disclaimer and Risk Factors:There is no assurance that StoneCastle Financial will achieve its investment objective. StoneCastle Financial is subject to numerous risks, including investment and market risks, management risk, income and interest rate risks, banking industry risks, preferred stock risk, convertible securities risk, debt securities risk, liquidity risk, valuation risk, leverage risk, non-diversification risk, credit and counterparty risks, market at a discount from net asset value risk and market disruption risk. Shares of closed-end investment companies may trade above a premium or below a discount their net asset value. Shares of StoneCastle Financial may not be appropriate for all investors. Investors should review and consider carefully StoneCastle Financials investment objective, risks, charges and expenses. Past performance does not guarantee future results.The Annual Report, Semi-Annual Report and other regulatory filings of the Company with the SEC are accessible on the SECs website at and on the Companys website at CONTACT: Investor Contact: Julie Muraco 212-468-5441 STONECASTLE FINANCIAL CORP. Statement of Assets and Liabilities unaudited June 30, 2020 March 31, 2020 Assets Investments in securities, at fair value cost: 176,329,751 and 152,196,520 respectively 165,755,271 132,978,058 Cash 271,693 62,841 Foreign cash cost: 5,036,821 5,036,962 - Unrealized appreciation on forward currency exchange contracts 347 - Interest and dividends receivable 2,333,443 1,288,615 Prepaid assets 586,535 594,907 Total assets 173,984,251 134,924,421 Liabilities Loan payable 33,000,000 9,000,000 Payable for securities purchased 5,181,389 - Options written, at value premiums received 1,801,080 1,513,750 - Investment advisory fee payable 750,435 587,069 Loan interest payable 33,856 3,829 Directors fee payable - 92,603 Accrued expenses payable 445,588 562,442 Total liabilities 40,925,018 10,245,943 Net Assets 133,059,234 124,678,478 Net Assets consist of: Common stock at par 0.001 per share 6,564 6,562 Paid-in-Capital 144,961,221 143,912,066 Total distributable earnings loss 11,908,551 19,240,150 Net Assets 133,059,234 124,678,478 Net Asset Value Per Share: Common Stock Shares Outstanding 6,563,892 6,561,700 Net asset value per common share 20.27 19.00 Market price per share 15.90 16.23 Market price discount to net asset value per share -21.56 -14.58 STONECASTLE FINANCIAL CORP. Statement of Operations unaudited For The Three Months Ended June 30, 2020 For The Three Months Ended March 31, 2020 Investment Income Interest2,873,378 2,809,760 Dividends 1,008,211 737,056 Origination fee income 36,853 27,402 Other Income service fees and due diligence fees 99,530 111,075 Total Investment Income 4,017,972 3,685,293 Expenses Investment advisory fees 750,435 587,069 Interest expense 183,810 166,826 Directors fees 101,156 77,399 Transfer agent, custodian fees and administrator fees 72,364 72,364 Bank administration fees 40,018 40,017 Professional fees 39,774 39,773 ABA marketing and licensing fees 37,431 37,437 Investor relations fees 30,866 30,865 Delaware franchise tax 22,693 22,694 Insurance expense 17,950 17,951 Valuation fees 14,987 14,988 Printing 14,511 14,511 Miscellaneous fees proxy, rating agency, etc. 29,512 33,261 Total expenses 1,355,507 1,155,155 Net Investment Income 2,662,465 2,530,138 Realized and Unrealized Gain Loss on Investments and Foreign Currency Transactions Net realized loss on investments 327,535 301,223 Net realized loss from forward foreign currency transactions 208,064 - Net realized loss from foreign currency transactions 228,928 - Net change in net unrealized appreciation depreciation on investments 8,643,982 18,304,949 Net change in unrealized appreciation on written options 287,330 - Net change in unrealized appreciation on forward currency transactions 347 - Net change in unrealized appreciation on foreign currency transactions 7,252 - Net realized and unrealized gainloss on investments, written options, forward foreign currency contracts and foreign currency transactions 8,174,384 18,606,172 Net Increase Decrease in Net Assets Resulting From Operations 10,836,849 16,076,034 STONECASTLE FINANCIAL CORP. Financial Highlights unaudited For The Three Months Ended June 30, 2020 Per Share Operating Performance Net Asset Value, beginning of period 19.00 Net investment income1 0.41 Net realized and unrealized gain loss on investments 1.24 Total from investment operations 1.65 Less distributions to shareholders From net investment income 0.38 Total distributions 0.38 Net asset value, end of period 20.27 Per share market value, end of period 15.90 Total Investment Return 2 Based on market value 0.15 Based on net asset value 9.06 Ratios and Supplemental Data Net assets, end of period in millions 133.1 Ratios as a percentage to average net assets: Expenses before waivers34 4.10 Expenses after waivers5 4.10 Net investment income6 8.05 Portfolio turnover rate 13 Revolving Credit Agreement Total revolving credit agreement outstanding 000s33,000 Asset coverage per 1,000 for revolving credit agreement7 5,032 1Based on the average shares outstanding during quarter. 2Reflects reinvestment of distributions at the price obtained under the Dividend Reinvestment Plan. Total return does not include sales load and offering expenses and are not annualized. 3Excluding interest expense, the ratio would have been 3.54. 4Ratio of expenses before waivers to average managed assets equals 3.13. 5Ratio of expenses after waivers to average managed assets equals 3.13. 