Every material Form 8-K RiverNorth Capital & Income Fund, Inc. has filed with the SEC since September 04, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
RiverNorth Capital and Income Fund, Inc. will redeem all 1,656,000 outstanding shares of its 5.875% Series A Term Preferred Stock (NYSE: RMPL) on October 31, 2024, moved from the October 4 date in its September 4 announcement. The preferred will be suspended from the NYSE before market open on that date and withdrawn from listing. Holders will receive an estimated $25.31 per share, and the filing says dividends will stop accumulating after redemption.
Redemption covers all 1,656,000 outstanding Series A Preferred shares.
Estimated redemption price is $25.31 per share: $25.00 liquidation preference plus $0.31 accrued and unpaid dividends.
Redemption date moved from October 4, 2024 to October 31, 2024; NYSE suspension before market open that day.
Payment to DTC will be made by DST Systems, Inc. as redemption agent.
RiverNorth Capital and Income Fund, Inc. said it will redeem all 1,656,000 outstanding shares of its 5.875% Series A Term Preferred Stock (NYSE: RMPL) at an estimated $25.20 per share, with an anticipated redemption date of October 4, 2024. The preferred stock will be suspended from the NYSE before market open on that date, and the filing says dividends will stop accumulating once the shares are redeemed.
Estimated redemption price of $25.20 per share: $25.00 liquidation preference plus $0.20 accrued and unpaid dividends
Anticipated redemption date is October 4, 2024, but the redemption may occur later, no later than October 31, 2024
NYSE suspension before market open on October 4, 2024, with a Form 25 to be filed with the SEC to withdraw the listing
Redemption payments to DTC made by DST Systems, Inc. as redemption agent; questions to 844-569-4750
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every RiverNorth Capital & Income Fund, Inc. filing is on SEC EDGAR ↗. 8-K briefs of other companies →