RiverNorth Capital and Income Fund, Inc. Announces Final Results of Repurchase Offer
RiverNorth Capital and Income Fund (NYSE: RSF) has completed its repurchase offer for up to 5% of its outstanding common shares. The offer expired on January 2, 2025, at 5:00 P.M. Eastern Time. According to DST Systems, the depositary, 1,682,942 shares were submitted for redemption, while only 183,195 shares were repurchased.
Due to oversubscription, the Fund implemented a pro-rata distribution system for tendering shareholders, excluding fractional shares. The purchase price was set at $16.30 per share, equivalent to the Fund's net asset value per share calculated at the NYSE trading close on January 2, 2025.
DST Systems serves as the information agent for the repurchase offer and can be contacted toll-free at 844-569-4750 for any questions regarding the tender offer.
RiverNorth Capital e Income Fund (NYSE: RSF) ha completato la sua offerta di riacquisto per fino al 5% delle sue azioni ordinarie in circolazione. L'offerta è scaduta il 2 gennaio 2025, alle 17:00 ora orientale. Secondo DST Systems, il depositario, 1.682.942 azioni sono state presentate per il riscatto, mentre solo 183.195 azioni sono state riacquistate.
A causa dell'eccesso di adesioni, il Fondo ha implementato un sistema di distribuzione pro-rata per gli azionisti che hanno presentato le loro azioni, escludendo le frazioni di azioni. Il prezzo di acquisto è stato fissato a $16.30 per azione, equivalente al valore netto delle attività del Fondo per azione calcolato alla chiusura del trading NYSE il 2 gennaio 2025.
DST Systems funge da agente informativo per l'offerta di riacquisto e può essere contattata gratuitamente al numero 844-569-4750 per domande relative all'offerta di adesione.
RiverNorth Capital e Income Fund (NYSE: RSF) ha completado su oferta de recompra por hasta el 5% de sus acciones ordinarias en circulación. La oferta expiró el 2 de enero de 2025, a las 5:00 P.M. hora del este. Según DST Systems, el depositario, se presentaron 1,682,942 acciones para el rescate, mientras que solo se recompraron 183,195 acciones.
Debido a la sobreoferta, el Fondo implementó un sistema de distribución prorrata para los accionistas que presentaron acciones, excluyendo las acciones fraccionarias. El precio de compra se fijó en $16.30 por acción, equivalente al valor neto de los activos del Fondo por acción calculado al cierre de la negociación en NYSE el 2 de enero de 2025.
DST Systems actúa como agente de información para la oferta de recompra y se puede contactar sin costo al 844-569-4750 para cualquier pregunta relacionada con la oferta de compra.
리버노스 캐피탈 및 인컴 펀드(NYSE: RSF)는 자사 보통주 약 5%의 자사주 매입 제안을 완료했습니다. 이 제안은 2025년 1월 2일 동부 시간 오후 5시를 기해 종료되었습니다. 예치기관인 DST 시스템에 따르면, 1,682,942 주가 상환을 위해 제출되었고, 183,195 주만 매입되었습니다.
과다 신청으로 인해, 펀드는 주식을 제출한 주주에게 비례 배급 시스템을 구현했으며, 부분 주식은 제외되었습니다. 매입 가격은 $16.30로 설정되었으며, 이는 2025년 1월 2일 NYSE 거래 마감 시 기준으로 계산된 펀드의 주당 순자산 가치에 해당합니다.
DST 시스템은 매입 제안에 대한 정보 기관 역할을 하며, 매입 제안과 관련된 질문은 무료 전화 844-569-4750로 문의하면 됩니다.
Le RiverNorth Capital et Income Fund (NYSE: RSF) a complété son offre de rachat pour jusqu'à 5 % de ses actions ordinaires en circulation. L'offre a expiré le 2 janvier 2025 à 17h00, heure de l'Est. Selon DST Systems, le dépositaire, 1 682 942 actions ont été soumises au rachat, tandis que seulement 183 195 actions ont été rachetées.
En raison de la sursouscription, le Fonds a mis en place un système de distribution pro-rata pour les actionnaires qui ont soumis des offres, à l'exception des actions fractionnaires. Le prix d'achat a été fixé à 16,30 $ par action, équivalent à la valeur nette des actifs du Fonds par action calculée à la clôture de la négociation sur le NYSE le 2 janvier 2025.
DST Systems sert d'agent d'information pour l'offre de rachat et peut être contacté sans frais au 844-569-4750 pour toute question concernant l'offre d'achat.
Der RiverNorth Capital und Income Fund (NYSE: RSF) hat sein Rückkaufangebot für bis zu 5% seiner ausstehenden Stammaktien abgeschlossen. Das Angebot lief am 2. Januar 2025 um 17:00 Uhr Eastern Time aus. Laut DST Systems, dem Treuhänder, wurden 1.682.942 Aktien zur Rücknahme eingereicht, während nur 183.195 Aktien zurückgekauft wurden.
Wegen Überzeichnung hat der Fonds ein Pro-rata-Verteilungssystem für die anbietenden Aktionäre eingerichtet, das Bruchstücke ausschließt. Der Kaufpreis wurde auf $16,30 pro Aktie festgelegt, was dem Nettoinventarwert des Fonds pro Aktie entspricht, berechnet zum Handelsschluss an der NYSE am 2. Januar 2025.
DST Systems fungiert als Informationsstelle für das Rückkaufangebot und kann unter der gebührenfreien Nummer 844-569-4750 für Fragen zum Angebot kontaktiert werden.
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Based on information provided by DST Systems, Inc., the depositary for the repurchase offer, a total of 1,682,942 shares were submitted for redemption and 183,195 shares were repurchased. In accordance with the terms and conditions of the repurchase offer, because the number of shares submitted for redemption exceeds the number of shares offered to purchase, the Fund will purchase shares from tendering shareholders on a pro-rata basis (disregarding fractional shares). The purchase price of repurchased shares is equal to the Fund's net asset value per share calculated as of the close of regular trading on the New York Stock Exchange (NYSE) on January 2, 2025, which is equal to
The information agent for the repurchase offer is DST Systems, Inc. Any questions with regard to the tender offer may be directed to the information agent toll-free at 844-569-4750.
About RiverNorth
RiverNorth Capital Management, LLC is an independent investment manager and closed-end fund expert specializing in opportunistic strategies and structures built to exploit market inefficiencies. Founded in 2000, RiverNorth manages
See the Prospectus for a more detailed description of Fund risks. Investing involves risk.
Principal loss is possible.
The profitability of specialty finance and other financial companies is largely dependent upon the availability and cost of capital funds and may fluctuate significantly in response to changes in interest rates, as well as changes in general economic conditions. If the borrower of Alternative Credit (as defined below) in which the Fund invests is unable to make its payments on a loan, the Fund may be greatly limited in its ability to recover any outstanding principal and interest under such loan, as (among other reasons) the Fund may not have direct recourse against the borrower or may otherwise be limited in its ability to directly enforce its rights under the loan, whether through the borrower or the platform through which such loan was originated, the loan may be unsecured or under collateralized, and/or it may be impracticable to commence a legal proceeding against the defaulting borrower. Substantially all of the Alternative Credit in which the Fund invests will not be guaranteed or insured by a third party. In addition, the Alternative Credit Instruments in which the Fund may invest will not be backed by any governmental authority. Prospective borrowers supply a variety of information regarding the purpose of the loan, income, occupation and employment status (as applicable) to the lending platforms. As a general matter, platforms do not verify the majority of this information, which may be incomplete, inaccurate, false or misleading. Prospective borrowers may misrepresent any of the information they provide to the platforms, including their intentions for the use of the loan proceeds. Alternative Credit Instruments are generally not rated by the nationally recognized statistical rating organizations (“NRSROs”). Such unrated instruments, however, are considered to be comparable in quality to securities falling into any of the ratings categories used by such NRSROs to classify "junk" bonds (i.e., below investment grade securities). Accordingly, the Fund’s unrated Alternative Credit Instrument investments constitute highly risky and speculative investments similar to investments in “junk” bonds, notwithstanding that the Fund is not permitted to invest in loans that are of subprime quality at the time of investment. Although the Fund is not permitted to invest in loans that are of subprime quality at the time of investment, an investment in the Fund’s Shares should be considered speculative and involving a high degree of risk, including the risk of loss of investment. There can be no assurance that payments due on underlying loans, including Alternative Credit, will be made.
Diversification does not ensure a profit or a guarantee against loss.
The Fund’s investment objectives, risks, charges and expenses must be considered carefully before investing. The Fund’s prospectus and most recent periodic reports contain this and other important information about the investment company and may be obtained by visiting rivernorth.com/literature or by calling 844.569.4750. Read the Prospectus carefully before investing.
1As of November 30, 2024. Firm AUM reflects Managed Assets, which includes assets attributable to leverage and investments in affiliated funds.
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RVN001637
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RiverNorth CEF Investor Relations
800-646-0148, Option 1
CEF@rivernorth.com
Source: RiverNorth Capital and Income Fund, Inc.
FAQ
What was the final repurchase price per share for RSF's January 2025 buyback?
How many shares were submitted vs. actually repurchased in RSF's January 2025 tender offer?
Why did RSF implement a pro-rata distribution for the January 2025 share repurchase?
When did RSF's 2025 repurchase offer expire?
How can shareholders contact RSF's information agent regarding the January 2025 tender offer?
