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RENN Fund, Inc. Announces Year End Distribution

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The RENN Fund (NYSE MKT:RCG) has declared a year-end distribution of $0.022371 per share. The distribution will be payable on December 27, 2024, to stockholders of record on December 16, 2024, with an Ex-Date of December 18, 2024. The Fund reminds investors that shares are subject to investment risk, including possible loss of principal invested, and that no fund represents a complete investment program.

Il Fondo RENN (NYSE MKT:RCG) ha dichiarato una distribuzione di fine anno di $0.022371 per azione. La distribuzione sarà pagabile il 27 dicembre 2024, agli azionisti registrati il 16 dicembre 2024, con una Data Ex del 18 dicembre 2024. Il Fondo ricorda agli investitori che le azioni sono soggette a rischi di investimento, comprese le possibili perdite del capitale investito, e che nessun fondo rappresenta un programma di investimento completo.

El Fondo RENN (NYSE MKT:RCG) ha declarado una distribución de fin de año de $0.022371 por acción. La distribución se pagará el 27 de diciembre de 2024, a los accionistas registrados el 16 de diciembre de 2024, con una Fecha Ex del 18 de diciembre de 2024. El Fondo recuerda a los inversionistas que las acciones están sujetas a riesgos de inversión, incluida la posible pérdida del capital invertido, y que ningún fondo representa un programa de inversión completo.

RENN 기금 (NYSE MKT:RCG)연말 배당금으로 주당 $0.022371을 선언했습니다. 배당금은 2024년 12월 27일에 지급되며, 2024년 12월 16일 기준 주주에게 지급됩니다. 기준일(Ex-Date)은 2024년 12월 18일입니다. 기금은 투자자에게 주식이 투자 위험에 노출되어 있으며, 투자 원금 손실의 가능성이 있음을 상기시키며, 어떠한 기금도 완전한 투자 프로그램을 나타내지 않음을 알립니다.

Le Fonds RENN (NYSE MKT:RCG) a annoncé une distribution de fin d'année de $0.022371 par action. La distribution sera payable le 27 décembre 2024 aux actionnaires de record le 16 décembre 2024, avec une Date Ex fixée au 18 décembre 2024. Le Fonds rappelle aux investisseurs que les actions sont sujettes à des risques d'investissement, y compris la perte possible du capital investi, et qu'aucun fonds ne représente un programme d'investissement complet.

Der RENN Fonds (NYSE MKT:RCG) hat eine Jahresendverteilung von $0.022371 pro Aktie erklärt. Die Ausschüttung wird am 27. Dezember 2024 an die Aktionäre ausgezahlt, die am 16. Dezember 2024 im Aktienregister stehen, mit einem Ex-Tag am 18. Dezember 2024. Der Fonds erinnert die Anleger daran, dass Aktien einem Investitionsrisiko unterliegen, einschließlich einer möglichen Verlust des investierten Kapitals, und dass kein Fonds ein vollständiges Investitionsprogramm darstellt.

Positive
  • Distribution payment of $0.022371 per share to shareholders
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  • None.

Insights

The announced year-end distribution of $0.022371 per share represents a modest payout to shareholders. For a fund with a relatively small market cap of $17.7 million, this distribution maintains their commitment to shareholder returns, though the amount is relatively small. The timing of the distribution, with the ex-date set for December 18 and payment on December 27, follows standard year-end distribution practices for investment funds. This distribution is primarily relevant for current shareholders for tax planning purposes, though the small size suggests material impact on investor portfolios.

NEW YORK, NY / ACCESSWIRE / December 16, 2024 / The RENN Fund, Inc. (NYSE MKT:RCG) (the "Fund") announced today that it has declared a year-end distribution in the amount of $0.022371 per share, payable on December 27, 2024, to stockholders of record on December 16, 2024. The Ex-Date is December 18, 2024.

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 PINK: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



View the original press release on accesswire.com

FAQ

What is the amount of RENN Fund's (RCG) 2024 year-end distribution?

RENN Fund (RCG) declared a year-end distribution of $0.022371 per share for 2024.

When is the payment date for RCG's 2024 year-end distribution?

The payment date for RCG's year-end distribution is December 27, 2024.

What is the record date for RENN Fund's (RCG) 2024 distribution?

The record date for RENN Fund's distribution is December 16, 2024.

What is the Ex-Date for RCG's 2024 year-end distribution?

The Ex-Date for RCG's year-end distribution is December 18, 2024.

RENN Fund Inc.

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