RiverNorth Capital and Income Fund, Inc. Announces Final Results of Repurchase Offer
RiverNorth Capital and Income Fund, Inc. (NYSE: RSF) has announced the final results of its repurchase offer for up to 5% of its outstanding common shares. The offer expired on October 2, 2024, at 5:00 P.M. Eastern Time. According to the depositary, DST Systems, Inc., a total of 2,129,843 shares were submitted for redemption, while 193,024 shares were repurchased.
Due to the oversubscription, 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 at the close of regular trading on the NYSE on October 2, 2024, which is $16.57 per share. DST Systems, Inc. serves as the information agent for the repurchase offer, and shareholders can direct any questions to their toll-free number at 844-569-4750.
RiverNorth Capital and Income Fund, Inc. (NYSE: RSF) ha annunciato i risultati finali della sua offerta di riacquisto per un massimo del 5% delle sue azioni ordinarie in circolazione. L'offerta è scaduta il 2 ottobre 2024 alle 17:00 ora orientale. Secondo il depositario, DST Systems, Inc., un totale di 2.129.843 azioni sono state presentate per il rimborso, mentre 193.024 azioni sono state riacquistate.
A causa dell'oversubscription, il Fondo acquisterà azioni dagli azionisti che hanno presentato offerta su base pro-rata, trascurando le azioni frazionarie. Il prezzo di acquisto delle azioni riacquistate è pari al valore netto degli attivi per azione del Fondo, calcolato alla chiusura delle contrattazioni regolari sul NYSE il 2 ottobre 2024, che è $16,57 per azione. DST Systems, Inc. funge da agente informativo per l'offerta di riacquisto e gli azionisti possono indirizzare qualsiasi domanda al numero verde 844-569-4750.
RiverNorth Capital and Income Fund, Inc. (NYSE: RSF) ha anunciado los resultados finales de su oferta de recompra por hasta el 5% de sus acciones ordinarias en circulación. La oferta expiró el 2 de octubre de 2024 a las 5:00 P.M. hora del Este. Según el depositario, DST Systems, Inc., un total de 2,129,843 acciones fueron presentadas para redención, mientras que 193,024 acciones fueron recompradas.
Debido a la sobre suscripción, el Fondo comprará acciones de los accionistas que presentaron oferta de manera prorrateada, ignorando las acciones fraccionarias. El precio de compra de las acciones recompradas es igual al valor neto de los activos por acción del Fondo, calculado al cierre de la negociación regular en la NYSE el 2 de octubre de 2024, que es $16.57 por acción. DST Systems, Inc. actúa como agente de información para la oferta de recompra, y los accionistas pueden dirigir cualquier pregunta a su número gratuito 844-569-4750.
RiverNorth Capital and Income Fund, Inc. (NYSE: RSF)가 자사 발행 보통주의 최대 5%를 재매입하기 위한 최종 결과를 발표했습니다. 이 제안은 2024년 10월 2일 오후 5시에 동부 표준시 기준으로 만료되었습니다. 예치 은행인 DST Systems, Inc.에 따르면 총 2,129,843주가 상환을 위해 제출되었으며, 193,024주가 재매입되었습니다.
초과 신청으로 인해 펀드는 제안한 주주로부터 주식을 비례적으로 매입하며, 분할 주식은 무시합니다. 재매입된 주식의 매입 가격은 2024년 10월 2일 뉴욕증권거래소 정규 거래 마감 시 기준으로 펀드의 주당 순자산 가치에 해당하며, 이는 $16.57 per 주입니다. DST Systems, Inc.는 재매입 제안의 정보 대행자로서 역할을 하며, 주주들은 844-569-4750의 무료전화로 문의할 수 있습니다.
RiverNorth Capital and Income Fund, Inc. (NYSE: RSF) a annoncé les résultats finaux de son offre de rachat allant jusqu'à 5 % de ses actions ordinaires en circulation. L'offre a expiré le 2 octobre 2024 à 17h00, heure de l'Est. Selon le dépositaire, DST Systems, Inc., un total de 2 129 843 actions ont été soumises à rachat, tandis que 193 024 actions ont été rachetées.
En raison de la sursouscription, le Fonds achètera des actions auprès des actionnaires ayant soumis une offre sur une base pro-rata, sans tenir compte des actions fractionnées. Le prix d'achat des actions rachetées est égal à la valeur nette d'inventaire par action du Fonds, calculée à la clôture des échanges réguliers sur NYSE le 2 octobre 2024, soit 16,57 $ par action. DST Systems, Inc. agit en tant qu'agent d'information pour l'offre de rachat, et les actionnaires peuvent adresser leurs questions à leur numéro gratuit au 844-569-4750.
RiverNorth Capital and Income Fund, Inc. (NYSE: RSF) hat die endgültigen Ergebnisse seines Rückkaufangebots für bis zu 5% seiner ausstehenden Stammaktien bekannt gegeben. Das Angebot lief am 2. Oktober 2024 um 17:00 Uhr Eastern Time aus. Laut dem Depotbank, DST Systems, Inc., wurden insgesamt 2.129.843 Aktien zur Einlösung eingereicht, während 193.024 Aktien zurückgekauft wurden.
Aufgrund der Überzeichnung wird der Fonds Aktien von anbietenden Aktionären im Verhältnis (pro-rata) erwerben und dabei Bruchstücke der Aktien ignorieren. Der Rückkaufpreis der zurückgekauften Aktien entspricht dem Nettoinventarwert pro Aktie des Fonds, der zum Ende des regulären Handels an der NYSE am 2. Oktober 2024 berechnet wurde und beträgt 16,57 $ pro Aktie. DST Systems, Inc. fungiert als Informationsagentur für das Rückkaufangebot und die Aktionäre können alle Fragen an die gebührenfreie Nummer 844-569-4750 richten.
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Based on information provided by DST Systems, Inc., the depositary for the repurchase offer, a total of 2,129,843 shares were submitted for redemption and 193,024 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 October 2, 2024, 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 investment management firm founded in 2000. With
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.
1 Firm AUM reflects Managed Assets, which includes assets attributable to leverage and investments in affiliated funds.
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Source: RiverNorth Capital and Income Fund, Inc.
FAQ
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