RENN Fund Inc. - RCG STOCK NEWS

RENN Fund, Inc. (NYSE MKT:RCG) has declared a year-end income distribution of $0.003544 per share, payable on December 30, 2022. This distribution is for stockholders of record on December 20, 2022. Trading with due bills will commence on December 16, 2022, continuing until the last business day before the NYSE Ex-Date, which is noted as December 22, 2022. Investors should be aware of the investment risks involved, which may lead to potential principal loss.

The RENN Fund, Inc. (NYSE MKT: RCG) has announced a record date for its year-end distribution, set for December 20, 2022. Should a distribution occur, the pay-date will be December 30, 2022. The distribution rate per share will be disclosed on or about December 21, 2022, with trading including due bills starting December 16, 2022. The New York Stock Exchange will establish the Ex-Date following the announcement of the distribution rate.

The RENN Fund (NYSE MKT: RCG) announced successful results from its non-transferable rights offering, closing on January 21, 2022, and generating approximately $2.1 million, the maximum allowed. Shareholders submitted subscriptions totaling 317% of available shares, leading to a prorated distribution of oversubscribed shares. A total of 1,487,989 shares were sold at $1.98 each, with distributions commencing January 26, 2022. The total outstanding shares will now be 7,015,785. Horizon Kinetics Asset Management covered all offering expenses, ensuring net proceeds remain unchanged.

The RENN Fund, Inc. (AMEX: RCG) has declared a year-end income distribution of $0.022602 per share. This distribution will be paid on December 30, 2021 to shareholders of record as of December 20, 2021. The trading with due bills will commence on December 17, 2021, leading up to the New York Stock Exchange's established Ex-Date of December 21, 2021. Investors should be aware of the inherent risks associated with fund investments.

The RENN Fund, Inc. (AMEX: RCG) announced key dates for its year-end distribution. The record date is set for December 20, 2021, with a pay date of December 30, 2021. The distribution rate per share will be announced on or around December 21, 2021. Due bills for trading will commence on December 17, 2021 and will continue until the last business day prior to the established Ex-Date set by the New York Stock Exchange. Investors should note investment risks including the potential loss of principal.

The RENN Fund, Inc. (NYSE MKT: RCG) announced the effectiveness of its non-transferable rights offering for common shareholders as of the Record Date, December 10, 2021. Each shareholder receives one right per share held, allowing them to purchase one new share for every three rights at a Subscription Price based on the lesser of specified averages. Horizon Kinetics Asset Management will cover all offering fees and has a backstop agreement to purchase remaining unsubscribed shares. The offering expires on January 21, 2022, and subscription certificates will be mailed starting December 17, 2021.

The RENN Fund, Inc. (NYSE MKT: RCG) announced a non-transferable rights offering for shareholders on record as of December 10, 2021. Each existing shareholder will receive one right for each share held, allowing them to purchase one new share for every three rights at a subscription price determined by the lower of 105% of the average closing NAV or 90% of the average closing market price. The offering expires on January 21, 2022, with Horizon Kinetics Asset Management covering all related expenses and backing unsubscribed shares.