RiverNorth Capital and Income Fund, Inc. to Redeem Its Outstanding 5.875% Series A Term Preferred Stock
RiverNorth Capital and Income Fund (RSF)
Company Research
Source: Business Wire
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--The Board of Directors of the RiverNorth Capital and Income Fund, Inc. (the “Fund”) (NYSE: RSF) has authorized the redemption of all 1,656,000 outstanding shares of its 5.875% Series A Term Preferred Stock (the “Series A Preferred Stock”) (NYSE: RMPL).The anticipated redemption date is October 4, 2024 (the “Redemption Date”), but the redemption may be effected on a subsequent date no later than the mandatory redemption date of October 31, 2024, due to changes in market conditions or otherwise as determined by the Fund. The Series A Preferred Stock redemption price is estimated to be $25.20 per share of Series A Preferred Stock, which is equal to the liquidation preference of $25.00 per share plus $0.20 per share representing estimated accrued and unpaid dividends to the Redemption Date. Once redeemed, the Series A Preferred Stock will no longer be deemed outstanding, dividends will cease to accumulate and all rights of the holders of the Ser
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RSF
Sec Filings
- 10/31/24 - Form 25-NSE
- 10/22/24 - Form N-2/A
- 10/1/24 - Form 8-K
- RSF's page on the SEC website