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, Inc. (NYSE: RSF) announced the successful completion of its transferable rights offering, which closed on January 27, 2023. A total of 1,047,000 new shares of common stock were issued, raising approximately $16.6 million in gross proceeds. The subscription price was set at $15.84 per share, determined as 90% of the net asset value. The offering saw high demand, being oversubscribed, leading to a pro-rata allocation of over-subscription shares among record date stockholders. The Fund's investment objective focuses on achieving high current income.
RiverNorth Capital and Income Fund, Inc. (NYSE: RSF) announced the preliminary results of its transferable rights offering that expired on January 27, 2023. The Offering attracted subscription requests for 1,625,445 shares, resulting in an expected issuance of 1,047,000 new shares, generating approximately $16.6 million in gross proceeds. The subscription price per share was set at $15.84, slightly lower than the initial estimate of $16.18. The Offering was oversubscribed, leading to pro-rata allocations for over-subscription requests. New shares will be record date shares for the February 2023 distribution but not for January's distributions.
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