Welcome to our dedicated page for RENN Fund news (Ticker: RCG), a resource for investors and traders seeking the latest updates and insights on RENN Fund stock.
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.
The RENN Fund, Inc. (AMEX: RCG) has declared a year-end income distribution of $0.022602 per share. This distribution will be paid on December 30, 2021 to shareholders of record as of December 20, 2021. The trading with due bills will commence on December 17, 2021, leading up to the New York Stock Exchange's established Ex-Date of December 21, 2021. Investors should be aware of the inherent risks associated with fund investments.
The RENN Fund, Inc. (AMEX: RCG) announced key dates for its year-end distribution. The record date is set for December 20, 2021, with a pay date of December 30, 2021. The distribution rate per share will be announced on or around December 21, 2021. Due bills for trading will commence on December 17, 2021 and will continue until the last business day prior to the established Ex-Date set by the New York Stock Exchange. Investors should note investment risks including the potential loss of principal.
The RENN Fund, Inc. (NYSE MKT: RCG) announced the effectiveness of its non-transferable rights offering for common shareholders as of the Record Date, December 10, 2021. Each shareholder receives one right per share held, allowing them to purchase one new share for every three rights at a Subscription Price based on the lesser of specified averages. Horizon Kinetics Asset Management will cover all offering fees and has a backstop agreement to purchase remaining unsubscribed shares. The offering expires on January 21, 2022, and subscription certificates will be mailed starting December 17, 2021.
The RENN Fund, Inc. (NYSE MKT: RCG) announced a non-transferable rights offering for shareholders on record as of December 10, 2021. Each existing shareholder will receive one right for each share held, allowing them to purchase one new share for every three rights at a subscription price determined by the lower of 105% of the average closing NAV or 90% of the average closing market price. The offering expires on January 21, 2022, with Horizon Kinetics Asset Management covering all related expenses and backing unsubscribed shares.
The RENN Fund, Inc. (NYSE MKT: RCG) announced it received $181,735.77 from the bankruptcy of Petrohunter Energy Corporation, previously valued at zero. The Fund may receive more funds, but Petrohunter will remain valued at zero until further information arises. The RENN Fund, with total net assets of $10.4 million, aims to provide above-market returns through diverse investments. Investors should carefully consider the Fund's risks, charges, and objectives before investing.