Renn Fund, Inc. Announces Record Date for Year End Distribution

Rhea-AI Summary

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.

NEW YORK--(BUSINESS WIRE)-- The RENN Fund, Inc. (NYSE MKT: RCG) (the “Fund”) announced today a record date for the Fund’s year-end distribution in the event a distribution is made. The record date will be December 20, 2022 and Pay-Date of December 30, 2022. The Fund will make an announcement on or about December 21, 2022 with the distribution rate per share, if any. As the per share rate will not be available prior to the record date, the Fund will trade with due bills beginning December 16, 2022 and up through and including the last business day prior to the New York Stock Exchange established Ex-Date. The New York Stock Exchange will set the Ex-Date once the per share rate has been announced.

Disclosures:

Fund shares are subject to investment risk, including possible loss of principal invested. No fund is a complete investment program and you may lose money investing in the Fund. An investment in the Fund may not be appropriate for all investors. Additional information about the Fund, including performance and portfolio characteristics, is available at https://horizonkinetics.com/investment-strategies/renn-fund-inc-nyse-rcg/.

Horizon Kinetics Asset Management LLC is the investment adviser to the Fund. For additional information about Horizon Kinetics, please visit us at www.horizonkinetics.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221209005435/en/

Jay Kesslen

Email: jkesslen@horizonkinetics.com

Phone: (646) 495-7333

Source: RENN Fund, Inc.

FAQ

What is the record date for the RCG fund's year-end distribution?

The record date for the RCG fund's year-end distribution is December 20, 2022.

When will the RCG fund announce the distribution rate per share?

The RCG fund will announce the distribution rate per share on or about December 21, 2022.

What is the pay-date for the RCG fund's distribution?

The pay-date for the RCG fund's distribution is December 30, 2022.

When do due bills start trading for the RCG fund?

Due bills for the RCG fund will start trading on December 16, 2022.