RENN Fund, Inc. Announces Year-End Distribution

RENN Fund, Inc. (NYSE MKT:RCG) has declared a year-end income distribution of $0.003544 per share, payable on December 30, 2022.

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Rhea-AI Summary

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.

Positive

Distribution of $0.003544 per share indicates fund profitability.
Payment date set for December 30, 2022, providing timely returns to investors.

Negative

Investment risks highlighted may deter conservative investors.
Potential loss of principal could be off-putting for risk-averse shareholders.

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News Market Reaction – RCG

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12/20/2022 - 10:30 AM

NEW YORK, NY / ACCESSWIRE / December 20, 2022 / The RENN Fund, Inc. (NYSE MKT:RCG) (the "Fund") announced today that they have declared a year-end distribution of income in the amount of $0.003544 per share, payable on December 30, 2022, to stockholders of record on December 20, 2022. The Fund will trade with due bills beginning December 16, 2022 and up through and including the last business day prior to the New York Stock Exchange established Ex-Date. The New York Stock Exchange has advised December 22, 2022 as the Ex-Date.

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/.

Horizon Kinetics Asset Management LLC is the investment adviser to the Fund. For additional information about Horizon Kinetics, please visit us at www.horizonkinetics.com

Contact:

Jay Kesslen
Email: jkesslen@horizonkinetics.com
Phone: (646) 495-7333

SOURCE: RENN Fund, Inc.

View source version on accesswire.com:
https://www.accesswire.com/732557/RENN-Fund-Inc-Announces-Year-End-Distribution

FAQ

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What is the year-end distribution by RCG for 2022?

RCG has declared a year-end distribution of $0.003544 per share.

When is the payment date for RCG's year-end distribution?

The payment date is set for December 30, 2022.

Who are eligible stockholders for RCG's distribution?

Stockholders of record on December 20, 2022, are eligible.

When will RCG shares trade with due bills?

Shares will trade with due bills starting December 16, 2022.

What is the Ex-Date for RCG's distribution?

The Ex-Date is December 22, 2022.

RENN Fund, Inc. Announces Year-End Distribution