RENN Fund, Inc. Announces Record Date for Year End Distribution
RENN Fund (NYSE American:RCG) has announced key dates for its year-end distribution. The record date is set for December 16, 2024, with a pay date of December 27, 2024. The Fund will announce the distribution rate per share around December 23, 2024. Due to the pending rate announcement, the Fund will trade with due bills starting December 16, 2024, through the last business day before the NYSE-established Ex-Date. The Ex-Date will be determined once the per share rate is announced.
RENN Fund (NYSE American:RCG) ha annunciato le date chiave per la distribuzione di fine anno. La data di registrazione è fissata al 16 dicembre 2024, con una data di pagamento prevista per il 27 dicembre 2024. Il Fondo annuncerà il tasso di distribuzione per azione intorno al 23 dicembre 2024. A causa dell'annuncio del tasso in sospeso, il Fondo sarà scambiato con fatture dovute a partire dal 16 dicembre 2024, fino all'ultimo giorno lavorativo prima della data Ex stabilita dalla NYSE. La data Ex verrà determinata una volta annunciato il tasso per azione.
RENN Fund (NYSE American:RCG) ha anunciado las fechas clave para su distribución de fin de año. La fecha de corte está establecida para el 16 de diciembre de 2024, con una fecha de pago del 27 de diciembre de 2024. El Fondo anunciará la tasa de distribución por acción alrededor del 23 de diciembre de 2024. Debido al anuncio pendiente de la tasa, el Fondo se negociará con facturas pendientes a partir del 16 de diciembre de 2024, hasta el último día hábil antes de la fecha Ex establecida por la NYSE. La fecha Ex se determinará una vez que se anuncie la tasa por acción.
RENN Fund (NYSE American:RCG)는 연말 분배의 주요 날짜를 발표했습니다. 기록일은 2024년 12월 16일로 설정되며, 지급일은 2024년 12월 27일입니다. 펀드는 2024년 12월 23일경 주당 분배율을 발표할 예정입니다. 분배율 발표가 보류 중인 관계로, 펀드는 2024년 12월 16일부터 NYSE에서 정한 Ex-Date 이전의 마지막 영업일까지 미지급 청구서와 함께 거래될 것입니다. Ex-Date는 주당 비율이 발표되면 결정됩니다.
RENN Fund (NYSE American:RCG) a annoncé les dates clés pour sa distribution de fin d'année. La date d'enregistrement est fixée au 16 décembre 2024, avec une date de paiement prévue pour le 27 décembre 2024. Le Fonds annoncera le taux de distribution par action autour du 23 décembre 2024. En raison de l'annonce de taux en attente, le Fonds se négociera avec des factures à payer à partir du 16 décembre 2024, jusqu'au dernier jour ouvrable avant la date Ex établie par la NYSE. La date Ex sera déterminée une fois que le taux par action sera annoncé.
RENN Fund (NYSE American:RCG) hat wichtige Termine für seine Jahresendverteilung bekanntgegeben. Das Stichtagsdatum ist auf den 16. Dezember 2024 festgelegt, mit einem Zahltag am 27. Dezember 2024. Der Fonds wird voraussichtlich am 23. Dezember 2024 die Verteilungsrate pro Aktie bekanntgeben. Aufgrund der ausstehenden Bekanntgabe der Rate wird der Fonds ab dem 16. Dezember 2024 bis zum letzten Geschäftstag vor dem von der NYSE festgesetzten Ex-Datum mit fälligen Rechnungen gehandelt. Das Ex-Datum wird festgelegt, sobald die Rate pro Aktie bekanntgegeben wird.
- Confirmed year-end distribution payment to shareholders
- None.
Insights
The announcement of a year-end distribution record date is a routine administrative update without immediate financial impact. While distributions are important for shareholders, the actual impact cannot be assessed since the distribution amount remains undisclosed. The trading with due bills mechanism is a standard procedure to ensure proper handling of distributions. Key dates include:
- Record Date: December 16, 2024
- Payment Date: December 27, 2024
- Distribution Rate Announcement: Around December 23, 2024
This procedural announcement provides no material information about the Fund's performance or financial health. Investors should wait for the actual distribution amount before making any investment decisions.
NEW YORK CITY, NY / ACCESSWIRE / November 26, 2024 / The RENN Fund, Inc. (NYSE American:RCG) (the "Fund") announced today a record date for the Fund's year-end distribution. The record date will be December 16, 2024 and Pay-Date of December 27, 2024. The Fund will make an announcement on or about December 23, 2024 with the distribution rate per share. As the per share rate will not be available prior to the record date, the Fund will trade with due bills beginning December 16, 2024, 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/.
About Horizon Kinetics LLC
Horizon Kinetics Holding Corporation (OTC: HKHC), through its subsidiary investment manager, Horizon Kinetics Asset Management LLC ("Horizon"), is an investment advisory firm and the Investment Advisor to the Fund. Horizon provides independent proprietary research and investment advisory services for long-only and alternative value-based investing strategies, including the full suite of Kinetics Mutual Funds, Inc. The firm has offices in New York City, White Plains, New York and Summit, New Jersey. For more information, please visit Horizon's websites below:
http://www.horizonkinetics.com
http://www.kineticsfunds.com.
Contact:
Jay Kesslen
Email: jkesslen@horizonkinetics.com
Phone: (646) 495-7333
SOURCE: RENN FUND INC
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