RiverNorth Capital and Income Fund, Inc. Announces Final Results of Non-Transferable Rights Offering
RiverNorth Capital and Income Fund (RSF)
Company Research
Source: Business Wire
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--RiverNorth Capital and Income Fund, Inc. (NYSE: RSF) (the “Fund”) today announced the final results of its non-transferable rights offering (the “Offering”) that expired on April 22, 2024 (the “Expiration Date”). In the Offering, the Fund received subscription requests for 949,525 shares of common stock from rights holders. Accordingly, the Fund expects to issue 949,525 new shares of common stock for these subscriptions, on or about April 24, 2024. Gross proceeds from the Offering are expected to total approximately $14.3 million, before expenses.The Offering’s final subscription price per share was determined to be $15.04. The subscription price was established pursuant to the terms of the Offering and based on a formula equal to 90% of the Fund’s reported net asset value (“NAV”) per share of common stock on the Expiration Date. The NAV per share used in the formula described above was $16.71.The final subscription price is lower than the o
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Sec Filings
- 4/29/24 - Form 4
- 4/23/24 - Form 497AD
- 4/1/24 - Form POS
- RSF's page on the SEC website