RENN Fund, Inc. Announces Record Date for Year End Distribution
Rhea-AI Summary
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.
Positive
- Confirmed year-end distribution payment to shareholders
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, RCG gained 1.62%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
NEW YORK CITY, NY / ACCESSWIRE / November 26, 2024 / The RENN Fund, Inc. (NYSE American:RCG) (the "Fund") announced today a record date for the Fund's year-end distribution. The record date will be December 16, 2024 and Pay-Date of December 27, 2024. The Fund will make an announcement on or about December 23, 2024 with the distribution rate per share. As the per share rate will not be available prior to the record date, the Fund will trade with due bills beginning December 16, 2024, and up through and including the last business day prior to the New York Stock Exchange established Ex-Date. The New York Stock Exchange will set the Ex-Date once the per share rate has been announced.
Disclosures:
Fund shares are subject to investment risk, including possible loss of principal invested. No fund is a complete investment program and you may lose money investing in the Fund. An investment in the Fund may not be appropriate for all investors. Additional information about the Fund, including performance and portfolio characteristics, is available at https://horizonkinetics.com/investment-strategies/renn-fund-inc-nyse-rcg/.
About Horizon Kinetics LLC
Horizon Kinetics Holding Corporation (OTC: HKHC), through its subsidiary investment manager, Horizon Kinetics Asset Management LLC ("Horizon"), is an investment advisory firm and the Investment Advisor to the Fund. Horizon provides independent proprietary research and investment advisory services for long-only and alternative value-based investing strategies, including the full suite of Kinetics Mutual Funds, Inc. The firm has offices in New York City, White Plains, New York and Summit, New Jersey. For more information, please visit Horizon's websites below:
http://www.horizonkinetics.com
http://www.kineticsfunds.com.
Contact:
Jay Kesslen
Email: jkesslen@horizonkinetics.com
Phone: (646) 495-7333
SOURCE: RENN FUND INC
View the original press release on accesswire.com
FAQ
When is RENN Fund (RCG) year-end distribution record date for 2024?
What is the payment date for RENN Fund (RCG) year-end distribution 2024?
When will RENN Fund (RCG) announce its distribution rate per share?
When does RENN Fund (RCG) begin trading with due bills?
