ArrowMark Financial : Q4 2022 Investor Presentation

A CLOSED-END FUND LISTED ON NASDAQ (TICKER: BANX)

QUARTERLY UPDATE | 4Q 2022

Disclaimers & Disclosures

Forward-Looking Statements

This presentation, and all oral statements made regarding the subject matter of this communication, contain forward-looking statements, including statements regarding the matters described in this presentation. Such forward-looking statements reflect current views with respect to future events and financial performance. Statements that include the words "should," "would," "expect," "intend," "plan," "believe," "project," "anticipate," "seek," "will," and similar statements of a future or forward-looking nature identify forward-looking statements in this material. All such forward-looking statements involve estimates and assumptions that are subject to risks, uncertainties and other factors that could cause actual results to differ materially from the results expressed in the statements. Actual future results may differ significantly from those stated in any forward-looking statement, depending on factors such as changes in securities or financial markets or general economic conditions, the volume of sales and purchases of shares of common stock, the continuation of investment advisory, administrative and service contracts, and other risks discussed from time to time in ArrowMark Financial Corp.'s (NASDAQ: BANX) ("Fund") filings with the SEC, which are available at the SEC's website http://www.sec.gov. Any forward-looking statements speak only as of the date of this communication. The Fund undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. You are cautioned not to place undue reliance on these forward- looking statements that speak only as of the date hereof.

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 shareholders with current income. The Fund pursues its objective by investing primarily in regulatory capital securities of financial institutions and commercial bank securities. The Fund is managed by ArrowMark Asset Management LLC ("ArrowMark").

ArrowMark Asset Management, LLC is majority owned by ArrowMark Colorado Holdings LLC ("ArrowMark Partners"). ArrowMark Partners is a registered investment adviser. ArrowMark has entered into a staffing agreement (the "Staffing Agreement") with its parent company, ArrowMark Partners and several of its affiliates. Under the Staffing Agreement, ArrowMark Partners provides experienced investment professionals to ArrowMark and provides access to their senior investment personnel. ArrowMark capitalizes on the significant deal origination, credit underwriting, due diligence, investment structuring, execution, portfolio management and monitoring of ArrowMark Partners' investment professionals.

About Destra Capital Advisors

Founded in 2008, Destra Capital Advisors LLC ("Destra") was built to help independent thought leaders achieve better wealth outcomes by sourcing the next generation of investment solutions. Destra provides secondary market services for eleven listed closed-end funds by responding to investor inquiries, providing information about the Funds and their portfolios, assisting with communication efforts, and speaking with institutional investors and financial advisors.

Destra Capital Advisors LLC, a registered investment advisor, is providing secondary market servicing for the Fund.	To learn more, visit
ir.arrowmarkfinancialcorp.com or contact Destra Capital Advisors at 877-855-3434 or [e-mail].

ARROWMARK FINANCIAL CORP. (BANX)

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ArrowMark Financial Corp. (BANX)

Portfolio and Performance

Regulatory Capital Relief Overview

Key Personnel

ArrowMark Financial Corp. (NASDAQ: BANX) Overview

ArrowMark Financial Corp. (BANX) (the "Fund") SEC registered closed-end investment management fund

Inception Date	November 13, 2013
	The Fund's primary investment objective is to provide shareholders with current income. The Fund's
Investment Objective	strategy has a focus on income generation, capital preservation, and providing risk-adjusted rates of
	return.
	ArrowMark Asset Management LLC ("ArrowMark") is one of the largest and longest-tenured
Investment Adviser	investors in the regulatory capital relief or risk-sharing market, with a 12-year track record partnering
	with the leading global bank issuers.
Investment Positioning	Meaningful floating rate assets (~83%) may position the portfolio well for rising rate environments
History	Formerly StoneCastle Financial Corp., ArrowMark acquired BANX and was named the Fund adviser
in February 2020
Total Assets	$209 million
Premium / Discount to NAV	(18.04%)
Distribution Rate1	9.7% with quarterly distributions
(Annualized)
Since Inception NAV Return2	7.07%
(Annualized)
Data as of 12/31/2022. Past performance is no guarantee of future results. 1Distributions from net investment income, if any, are declared and paid quarterly. Distributions, if
any, of net short-term capital gain and net capital gain (the excess of net long-term capital gain over the short-term capital loss) realized by the Fund, after deducting any available
capital loss carryovers, are declared and paid to shareholders at least annually. Income distributions and capital gain distributions are determined in accordance with U.S. federal
income tax regulations, which may differ from U.S. GAAP. These differences include the treatment of non-taxable distributions, losses deferred due to wash sales and excise tax
regulations. Permanent book and tax basis differences relating to shareholder distributions will result in reclassifications within the components of net assets. 2The Fund commenced
operations on November 13, 2013.	ARROWMARK FINANCIAL CORP. (BANX)		4

About ArrowMark Partners

ArrowMark Partners At-A-Glance

• Active investment process, driven by fundamental research and analysis
• Specialized expertise in niche credit and capacity constrained equity markets
• Manage alternative, traditional, and customized investment strategies in public and private vehicles
• 102 employees and growing
• 47 tenured investment professionals
• 100% employee-owned
• Headquartered in Denver, CO with presence in California, London, and New York

$21.2 billion in Assets Under Management1

By Asset Type ($B)

By Investor Type ($B)

Commercial

Real Estate,Other, $0.8

$1.7

Insurance,

$1.9

		Retail /	CLO Funds,
Credit &		Intermediary,	$5.8
Mulit-Asset,	Equity,	$2.0
$4.4	$9.3	Family Office /
		HNW, $2.8
			Sub-Advisory,
CLO,			$4.2
	Corporate /
$5.8
	Public, $3.5

Data as of 12/31/2022. CRE AUM includes real estate related assets originated and/or currently managed or advised by ArrowMark or its affiliate. Other includes sovereign wealth, not-for-profit institutions, and internal capital.

ARROWMARK FINANCIAL CORP. (BANX)

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