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, Inc. (NYSE: RSF) is a closed-end management investment company that focuses on generating a high level of current income through investments in credit instruments and securities of specialty finance and other financial companies. The RSF news page on Stock Titan highlights official announcements and developments that the Fund has released to the market.
News items for RiverNorth Capital and Income Fund include corporate actions such as transferable rights offerings, where the Fund has described subscription requests for new common shares, oversubscription demand and the formulas used to set subscription prices based on a percentage of net asset value. These updates provide insight into how the Fund raises additional capital and how new shares are allocated among existing stockholders.
Investors can also find announcements related to income distributions, including preferred dividends on the Fund’s 5.875% Series A Term Preferred Stock, which trades under the symbol RMPL. Such releases outline ex-dates, record dates and payable dates for distributions, and explain that distributions may come from ordinary income, net realized capital gains or return of capital, with Section 19(a) notices issued when applicable.
Because the Fund invests in credit instruments and Alternative Credit, its public communications often reiterate risk disclosures about borrower defaults, verification of borrower information and the speculative nature of its unrated Alternative Credit investments. Following RSF news helps readers understand how the Fund communicates about rights offerings, distribution policies and risk factors over time.
By reviewing the RiverNorth Capital and Income Fund news feed on Stock Titan, users can monitor official press releases and updates that relate to the Fund’s capital-raising activities, preferred stock distributions and other material information referenced in its public statements.
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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.