RiverNorth Capital and Income Fund, Inc. reports developments for an income-oriented closed-end fund that invests in credit instruments, including securities of specialty finance and other financial companies. News for RSF centers on fund distributions, preferred-share dividends, rights offerings, subscription terms, net asset value calculations, and common or preferred stock capital actions.
Updates also describe distribution-source notices, liquidation preferences, over-subscription mechanics, and other shareholder matters tied to the fund’s closed-end structure and managed income strategy.
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RiverNorth Specialty Finance Corporation (NYSE: RSF) announced monthly distributions of $0.1453 per share for October, November, and December 2020. This distribution aligns with the Fund’s policy, equating to 10% of the net asset value (NAV) of $17.44 as of June 30, 2020. The current market price is $14.83, yielding an annualized rate of 11.76%. Shareholders may reinvest distributions in additional shares through an automatic dividend reinvestment plan.