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RENN Fund Inc. (RCG) issues news about a registered, non-diversified closed-end management investment company advised by Horizon Kinetics Asset Management LLC. The fund pursues capital appreciation and income through a long-term, value-oriented investment process across instruments such as common stocks, fixed-income securities, debt or loans, warrants, preferred stock, ETFs and ETNs.
Recurring updates focus on year-end distributions, record and pay dates, exchange-set ex-dates, due-bill trading mechanics, shareholder voting matters, governance topics, capital-structure disclosures, and operating or financial results relevant to the fund.
RENN Fund (NYSE MKT: RCG) announced a record date of December 16, 2025 for its year-end distribution and a pay-date of December 29, 2025. The Fund said it will announce the distribution rate per share on or about December 16, 2025. Because the per-share rate is not available before the record date, the Fund will trade with due bills beginning December 16, 2025 and through the last business day prior to the NYSE-established ex-date. The NYSE will set the ex-date after the per-share rate is announced. The Fund cautioned that shares are subject to investment risk and provided a link for additional information.
FRMO Corp reported significant financial growth in Q2 FY2025. Total book value reached $821.4 million ($18.66 per diluted share) as of November 30, 2024, including $407.8 million in non-controlling interests. Net income attributable to the Company surged to $136.9 million ($3.11 per diluted share) compared to $4.7 million ($0.11 per diluted share) year-over-year.
Current assets increased to $626.1 million, primarily consisting of cash, equivalents, and equity securities. The company's significant net income increase was attributed to a specific equity security investment. FRMO appointed Melinda J. Newman to its Board of Directors, bringing the total to nine members, with five being independent.
The RENN Fund (NYSE MKT:RCG) has declared a year-end distribution of $0.022371 per share. The distribution will be payable on December 27, 2024, to stockholders of record on December 16, 2024, with an Ex-Date of December 18, 2024. The Fund reminds investors that shares are subject to investment risk, including possible loss of principal invested, and that no fund represents a complete investment program.
RENN Fund (NYSE American:RCG) has announced key dates for its year-end distribution. The record date is set for December 16, 2024, with a pay date of December 27, 2024. The Fund will announce the distribution rate per share around December 23, 2024. Due to the pending rate announcement, the Fund will trade with due bills starting December 16, 2024, through the last business day before the NYSE-established Ex-Date. The Ex-Date will be determined once the per share rate is announced.
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RENN Fund, Inc. (NYSE MKT:RCG) has declared a year-end income distribution of $0.003544 per share, payable on December 30, 2022. This distribution is for stockholders of record on December 20, 2022. Trading with due bills will commence on December 16, 2022, continuing until the last business day before the NYSE Ex-Date, which is noted as December 22, 2022. Investors should be aware of the investment risks involved, which may lead to potential principal loss.
The RENN Fund, Inc. (NYSE MKT: RCG) has announced a record date for its year-end distribution, set for December 20, 2022. Should a distribution occur, the pay-date will be December 30, 2022. The distribution rate per share will be disclosed on or about December 21, 2022, with trading including due bills starting December 16, 2022. The New York Stock Exchange will establish the Ex-Date following the announcement of the distribution rate.
The RENN Fund (NYSE MKT: RCG) announced successful results from its non-transferable rights offering, closing on January 21, 2022, and generating approximately $2.1 million, the maximum allowed. Shareholders submitted subscriptions totaling 317% of available shares, leading to a prorated distribution of oversubscribed shares. A total of 1,487,989 shares were sold at $1.98 each, with distributions commencing January 26, 2022. The total outstanding shares will now be 7,015,785. Horizon Kinetics Asset Management covered all offering expenses, ensuring net proceeds remain unchanged.
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