RiverNorth Marketplace Price, Forecast, Insider, Ratings, Fundamentals & Signals

West palm beach, fla.--(business wire)--rivernorth capital and income fund, inc. (nyse: rsf) (the “fund”) today announced the final results of its non-transferable rights offering (the “offering”) that expired on april 22, 2024 (the “expiration date”). in the offering, the fund received subscription requests for 949,525 shares of common stock from rights holders. accordingly, the fund expects to issue 949,525 new shares of common stock for these subscriptions, on or about april 24, 2024. gross.

West palm beach, fla.--(business wire)--rivernorth capital and income fund, inc. (the “fund”) (nyse: rsf), a closed-end fund, announced the final results of its repurchase offer for up to 5% of its outstanding common shares. the repurchase offer expired at 5:00 p.m. eastern time on april 3, 2024. based on information provided by dst systems, inc., the depositary for the repurchase offer, a total of 1,605,138 shares were submitted for redemption and 246,374 shares were repurchased. in accordance.

West palm beach, fla.--(business wire)--in accordance with the rivernorth closed-end funds (the “funds”) level distribution policies, the funds have declared distributions for april, may and june 2024, as detailed below. ex date record date payable date april 12, 2024 april 15, 2024 april 30, 2024 may 14, 2024 may 15, 2024 may 31, 2024 june 14, 2024 june 14, 2024 june 28, 2024 tax-exempt distributions1 fund name ticker distribution per share net asset value (nav) as of 3/28/2024 annualized curr.

West palm beach, fla.--(business wire)--rivernorth capital and income fund, inc. (nyse: rsf) (the “fund”), an exchange-listed interval fund, has filed the prospectus supplement governing the terms of its previously announced non-transferable rights offering. you can find a copy of the prospectus supplement here: xbrl viewer (sec.gov). the proceeds from the offering will be deployed according to the fund's investment objective into the portfolio of unique, hard to access private credit assets in.

West palm beach, fla.--(business wire)--rivernorth capital and income fund, inc. (nyse: rsf) (the “fund”) announces that its board of directors (the “board”) has authorized and set the terms of an offering to the fund's stockholders of rights to purchase additional shares of common stock of the fund. in this offering, the fund will issue non-transferable rights (the “rights”) to its stockholders of record as of april 1, 2024 (the “record date” and such stockholders, “record date stockholders”).

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Reporters Without Borders (RSF) said on Sunday that the killing of Reuters visuals journalist Issam Abdallah in Lebanon on Oct. 13 was the result of a targeted strike from the direction of the Israeli border.

RiverNorth Capital and Income Fund is a small fixed income closed-end fund with $60 million in assets, a high leverage ratio of 40%, and a diverse portfolio. The fund is pro-cyclical and has been trading at a wide discount to NAV due to increasing odds of a recession and bankruptcy rates. Despite efforts to address the discount through share repurchases, the fund's leverage and pro-cyclical nature could lead to further widenings.

RSF announced the results of its rights offering. The offering was oversubscribed, allowing RSF to expand its share count by +33%.

Term funds have a few topics making them different that I hope to clear up with today's overview. Term funds can benefit shareholders as NAV is realized one way or another.

RSF had a recent name change but remained the same fund with the same objective and investment strategy. The fund continues to trade near parity with its NAV, so investors should remain patient.

Only funds with yields over 6.5%, coverage higher than 85%, and trading at under a +5% premium are considered. Top lists of discount, yield, DxY and DxYxZ are given.

Only funds with yields over 6.5%, coverage higher than 85% and trading at under a +5% premium are considered. Top lists of discount, yield, DxY and DxYxZ are given.

RSF is fairly unique in the way that it invests, investing in whole loans and investment company debt; additionally, even a sleeve of SPACs. That isn't the only thing that keeps this fund unique; the interval structure while being publicly traded is rare.

The Month In Closed-End Funds: October 2021