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StoneCastle Financial Corp. Announces Distribution of $0.33 Per Share for Second Quarter 2015

NEW YORK, May 20, 2015 (GLOBE NEWSWIRE) -- StoneCastle Financial Corp. (Nasdaq:BANX) ("StoneCastle Financial" or the "Company"), an SEC registered closed-end management investment company, today announced that its Board of Directors has declared a cash distribution of $0.33 per share for the second quarter of 2015. The distribution will be payable on June 29, 2015 to shareholders of record on June 19, 2015.

Disclosures

A portion of the Company's distributions may include sources other than net investment income, including a return of capital. Investors should understand that a return of capital is not a distribution from income or gains of a Company. As required under the Investment Company Act of 1940, as amended, a notice with the estimated components of the distribution will be sent to shareholders at the time of payment if it does not consist solely of net investment income. The notice should not be used to prepare tax returns as the estimates indicated in the notice may differ from the ultimate federal income tax characterization of distributions. After the end of each calendar year, investors will be sent a Form 1099-DIV informing them how to report distributions received during that year for federal income tax purposes.

The Company intends to file a $150 million mixed use shelf registration statement with the Securities and Exchange Commission ("SEC"). As outlined in its original business plan, the Company stated that it intends to fund future investments through incremental capital raises via a shelf registration, once all currently available capital and its credit facility have been deployed. The Company emphasized that it has no immediate plans to issue securities pursuant to this shelf registration. Upon being declared effective by the SEC, this registration statement will allow the Company to issue various types of securities including common and preferred stock, subscription rights and debt, providing the Company flexibility to access the capital markets more efficiently in the future, raising only the amount of capital needed, and only when needed.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities prior to the effective date of this registration; nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Forward-Looking Statements

This press release contains statements that are not historical facts and are forward-looking statements based on current management expectations involving substantial risks and uncertainties that could cause actual results to differ materially from the results expressed in, or implied by, these forward-looking 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 StoneCastle Financial's filings with the SEC.

About StoneCastle Financial

StoneCastle Financial is an SEC registered non-diversified, closed-end investment company listed on the NASDAQ Global Select Market under the symbol "BANX." StoneCastle Financial intends to make long-term, passive, non-control investments in community banks seeking capital for organic growth, acquisitions, share repurchases and other refinancing activities. Its investment objective is to provide stockholders with current income and, to a lesser extent, capital appreciation. StoneCastle Financial is managed by StoneCastle Asset Management LLC.

CONTACT: Investor Contact: Julie Muraco 347-887-0324

Source:StoneCastle Financial Corp.