[SCHEDULE 13G] RiverNorth Capital and Income Fund, Inc. SEC Filing

Rhea-AI Filing Summary

Osaic Holdings, Inc. reports beneficial ownership of 456,116 shares of RiverNorth Capital & Income Fund common stock, equal to 13.8% of the class. The disclosure shows no sole or shared voting power and no sole dispositive power, with shared dispositive power of 456,116 shares. The position is held through Osaic's wholly-owned subsidiary, Osaic Wealth, Inc.

The filing includes a certification that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing control of the issuer. Because the stake exceeds 5%, this Schedule 13G identifies Osaic as a material passive investor in RSF and documents its ownership and voting/dispositive profile.

Positive

• Material economic stake disclosed: 456,116 shares representing 13.8% of the class, which exceeds the 5% reporting threshold.
• Held through a wholly-owned subsidiary: the position is held via Osaic Wealth, Inc., clarifying the ownership structure.
• Certified passive intent: the filer states the shares are held in the ordinary course of business and not to change control.

Negative

• No voting power reported: the filing shows 0 sole or shared voting power, indicating limited governance influence despite the large economic stake.
• Only shared dispositive power: all reported authority is shared dispositive power, not sole dispositive control.

Insights

Financial Analyst

TL;DR: Osaic holds a material 13.8% passive stake (456,116 shares) in RSF, disclosed with dispositive but no voting power.

The holding of 456,116 shares (13.8%) is a material disclosure under Schedule 13G and signals that a large institutional owner has a meaningful economic interest in RiverNorth Capital & Income Fund. The filing explicitly shows shared dispositive power without any voting power reported, and includes a certification that the position is held in the ordinary course of business and not to influence control. For investors, this is a clear, verifiable change to the shareholder structure—documenting ownership size and the nature of control rights without implying active governance engagement.

Corporate Governance Expert

TL;DR: The disclosure documents a material passive holder via a wholly-owned subsidiary, with dispositive but no voting authority reported.

The schedule identifies Osaic Wealth, Inc. as the subsidiary holding the shares for Osaic Holdings, confirming the ownership chain. The absence of reported voting power—while dispositive power is shared—means Osaic asserts an economic stake without claiming voting influence. The filing's certification further clarifies intent as passive investment rather than an attempt to change control. This distinction matters for governance analysis because it differentiates economic exposure from shareholder governance activism.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

RiverNorth Capital & Income Fund, Inc.

(Name of Issuer)

Common

(Title of Class of Securities)

76882B108

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 76882B108

1

Names of Reporting Persons

OSAIC HOLDINGS, INC.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

ARIZONA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 456,116.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

456,116.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

13.8 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: RiverNorth Capital & Income Fund, Inc.
(b)	Address of issuer's principal executive offices: 360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH, FLORIDA, 33401.
Item 2.
(a)	Name of person filing: Osaic Holdings, Inc.
(b)	Address or principal business office or, if none, residence: 18700 Hayden Rd. Suite 255 Scottsdale, AZ 85225
(c)	Citizenship: USA
(d)	Title of class of securities: Common
(e)	CUSIP No.: 76882B108
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 456116.00
(b)	Percent of class: 13.8 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0.00
	(ii) Shared power to vote or to direct the vote: 0.00
	(iii) Sole power to dispose or to direct the disposition of: 0.00
	(iv) Shared power to dispose or to direct the disposition of: 456116.00
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. Osaic Wealth, Inc. is a wholly-owned subsidiary of Osaic Holdings, Inc.
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

OSAIC HOLDINGS, INC.

Signature:	Shawn Mihal
Name/Title:	SVP
Date:	08/13/2025

FAQ

How many RiverNorth Capital (RSF) shares does Osaic Holdings own?

Osaic Holdings beneficially owns 456,116 shares of RiverNorth Capital & Income Fund common stock.

What percentage of RSF does Osaic Holdings' stake represent?

The reported position represents 13.8% of the outstanding class.

Does Osaic have voting control over the shares of RSF?

No. The filing reports 0 sole and 0 shared voting power, while showing shared dispositive power only.

Through what entity are the RSF shares held?

The shares are held through Osaic's wholly-owned subsidiary, Osaic Wealth, Inc.

Was the stake acquired to influence control of RSF?

The filer certified the securities were acquired and are held in the ordinary course of business and not for the purpose of changing control of the issuer.