Rivernorth Capital and Income Fund Inc. Files Prospectus for Transferable Rights Offering with SEC

Reuters07-08

Rivernorth Capital and Income Fund Inc. Files Prospectus for Transferable Rights Offering with SEC

Rivernorth Capital and Income Fund Inc. $(RSF)$ has announced the preliminary results of its recent transferable rights offering, which concluded on July 7, 2025. The fund has received subscription requests for 1,924,556 shares of common stock and anticipates issuing approximately 1,105,000 new shares, generating gross proceeds of around $15.9 million before expenses. The final subscription price was set at $14.39 per share, slightly below the initial estimate of $14.51. Any excess payments will be returned to subscribers in accordance with the prospectus supplement filed with the SEC on May 30, 2025. The offering was oversubscribed, and additional shares will be allocated pro-rata among stockholders who submitted over-subscription requests. Final results are expected to be announced on or about July 9, 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rivernorth Capital and Income Fund Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250708620006) on July 08, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Files Prospectus for Transferable Rights Offering with SEC\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Rivernorth Capital and Income Fund Inc. <a href=\"https://laohu8.com/S/RSF\">$(RSF)$</a> has announced the preliminary results of its recent transferable rights offering, which concluded on July 7, 2025. The fund has received subscription requests for 1,924,556 shares of common stock and anticipates issuing approximately 1,105,000 new shares, generating gross proceeds of around $15.9 million before expenses. The final subscription price was set at $14.39 per share, slightly below the initial estimate of $14.51. Any excess payments will be returned to subscribers in accordance with the prospectus supplement filed with the SEC on May 30, 2025. 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