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RiverNorth Capital and Income Fund | 5.875% Ser A Term Preferred Stock due 2024 (RMPL.PR)
Prospectus excerpt: The Fund is offering 1,440,000 shares of its 5.875% Series A Term Preferred Stock due 2024 (“Series A Term Preferred Stock”). The Fund intends to pay quarterly dividends on the Series A Term Preferred Stock at an annual rate of 5.875% of the $25 liquidation preference per share (the “Liquidation Preference”), or $1.46875 per share of Series A Term Preferred Stock per year, on February 15, May 15, August 15 and November 15 or, in each case, if such date is not a business day, the next succeeding business day, commencing February 15, 2018. See “Description of Series A Term Preferred Stock—Dividends.” Full Prospectus PDF », Secondary Prospectus PDF », RSF Page »
Series: | A | Alternate symbology: | RMPL-, RMPL-P, RMPLpr | Redeemable?: | Yes | Call Date: | 10/31/2020 (Now Trading Post Call Date) | Maturity Date: | 10/31/2024 | Cumulative?: | Yes | Shares Offered: | 1,440,000 | Liquidation Preference: | $25.00 | Recent Market Price: | $25.12 | Premium to Liquidation Preference: (More Preferreds Trading at a Premium ») | $0.12 (0.48%) | Annualized Dividend: | 1.46876 | Recent Ex-Date: | 5/1/2024 | Current Yield: | 5.85% | Original Coupon: | 5.875% | Pay Period: | Quarterly | Pay Dates: | 15-Feb, 15-May, 15-Aug, 15-Nov | CDx3 Compliance Rating: |
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RiverNorth Capital and Income Fund is registered as a non-diversified closed-end management investment company. The investment objective of the Fund is to seek a high level of current income. The Fund seeks to achieve its investment objective by investing, directly or indirectly, at least 80% of its Managed Assets (the total assets of the Fund, including assets attributable to leverage, minus liabilities (other than debt representing leverage and any preferred stock that may be outstanding)) in marketplace lending investments. Preferred: RMPL.PR Open the RSF Information Page »
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