Welcome to our dedicated page for RiverNorth Capital and Fund news (Ticker: RSF), a resource for investors and traders seeking the latest updates and insights on RiverNorth Capital and Fund stock.
RiverNorth Capital and Income Fund (RSF) provides investors with strategic exposure to credit instruments and specialty finance markets through its closed-end structure. This news hub offers timely updates on the fund’s activities, including earnings announcements, portfolio adjustments, and market analysis. Investors can track RSF’s disciplined approach to exploiting niche opportunities in credit markets while managing risk through diversified strategies.
This resource consolidates official press releases and third-party analysis, offering a comprehensive view of RSF’s performance in evolving financial landscapes. Visitors will find updates on strategic partnerships, regulatory developments, and income distribution plans. The fund’s focus on high-yield credit instruments and specialty finance sectors is reflected in curated content that addresses both macroeconomic trends and company-specific initiatives.
Bookmark this page for direct access to RSF’s latest financial communications, including dividend declarations and investment strategy updates. Regular visitors gain insights into how the fund navigates market inefficiencies while maintaining its commitment to generating current income through carefully selected credit exposures.
RiverNorth Capital and Income Fund (NYSE: RSF) has concluded its share repurchase program, targeting 5% of outstanding common shares. The offer expired on April 2, 2025, at 5:00 P.M. Eastern Time. Key highlights:
- Total shares submitted for redemption: 1,536,885
- Actual shares repurchased: 174,273
- Purchase price: $16.15 per share (based on NAV)
Due to oversubscription, the Fund implemented a pro-rata distribution system for share repurchases, excluding fractional shares. The purchase price was calculated based on the Fund's net asset value at market close on the NYSE on April 2, 2025. DST Systems serves as both the depositary and information agent for this repurchase offer.
RiverNorth Capital and Income Fund (NYSE: RSF) has completed its repurchase offer for up to 5% of its outstanding common shares. The offer expired on January 2, 2025, at 5:00 P.M. Eastern Time. According to DST Systems, the depositary, 1,682,942 shares were submitted for redemption, while only 183,195 shares were repurchased.
Due to oversubscription, the Fund implemented a pro-rata distribution system for tendering shareholders, excluding fractional shares. The purchase price was set at $16.30 per share, equivalent to the Fund's net asset value per share calculated at the NYSE trading close on January 2, 2025.
DST Systems serves as the information agent for the repurchase offer and can be contacted toll-free at 844-569-4750 for any questions regarding the tender offer.
RiverNorth Capital and Income Fund, Inc. (NYSE: RSF) has announced the final results of its repurchase offer for up to 5% of its outstanding common shares. The offer expired on October 2, 2024, at 5:00 P.M. Eastern Time. According to the depositary, DST Systems, Inc., a total of 2,129,843 shares were submitted for redemption, while 193,024 shares were repurchased.
Due to the oversubscription, the Fund will purchase shares from tendering shareholders on a pro-rata basis, disregarding fractional shares. The purchase price of repurchased shares is equal to the Fund's net asset value per share, calculated at the close of regular trading on the NYSE on October 2, 2024, which is $16.57 per share. DST Systems, Inc. serves as the information agent for the repurchase offer, and shareholders can direct any questions to their toll-free number at 844-569-4750.
RiverNorth Capital and Income Fund, Inc. (NYSE: RSF) has announced an update to its previously disclosed plan to redeem all 1,656,000 outstanding shares of its 5.875% Series A Term Preferred Stock (NYSE: RMPL). The redemption date has been moved to October 31, 2024, from the initially anticipated date of October 4, 2024.
The redemption price is estimated at $25.31 per share, which includes the $25.00 liquidation preference plus $0.31 in estimated accrued and unpaid dividends. Following the redemption, the Series A Preferred Stock will cease to be outstanding, and all associated rights and dividend accumulations will end.
The Fund, with approximately $113 million in total managed assets as of August 31, 2024, aims to provide a high level of current income. RiverNorth Capital Management, , the Fund's investment manager, specializes in opportunistic investment strategies and manages $5.1 billion in assets as of the same date.
RiverNorth Capital and Income Fund, Inc. (NYSE: RSF) has announced the redemption of all 1,656,000 outstanding shares of its 5.875% Series A Term Preferred Stock (NYSE: RMPL). The anticipated redemption date is October 4, 2024, with a possible extension to October 31, 2024. The redemption price is estimated at $25.20 per share, including accrued dividends. Following the redemption, the Series A Preferred Stock will be delisted from the NYSE. As of July 31, 2024, RSF had approximately $113 million in total managed assets and 3.9 million shares of common stock outstanding. RiverNorth Capital Management, , the fund's investment manager, had $5.1 billion in assets under management as of the same date.
RiverNorth Capital and Income Fund (NYSE: RSF) disclosed the final results of its repurchase offer. The offer, which aimed to buy back up to 5% of its outstanding common shares, concluded on July 3, 2024, at 5:00 P.M. Eastern Time.
A total of 2,335,546 shares were submitted for redemption, but only 202,931 shares were actually repurchased, based on the information from DST Systems, Inc., the depositary for the offer. Given that the number of tendered shares exceeded the repurchase limit, shares were bought back on a pro-rata basis.
The purchase price was set at the Fund's net asset value per share, calculated at $16.60 as of the close of trading on July 3, 2024. For further questions, shareholders can contact DST Systems, Inc. at 844-569-4750.
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