TrueMark Investments LLC Invests $689,000 in RiverNorth Capital and Income Fund, Inc. $RSF

TrueMark Investments LLC bought a new position in shares of RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 47,966 shares of the company’s stock, valued at approximately $689,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nomura Holdings Inc. acquired a new stake in RiverNorth Capital and Income Fund during the third quarter worth approximately $3,680,000. Absolute Investment Advisers LLC acquired a new position in shares of RiverNorth Capital and Income Fund in the 3rd quarter valued at $193,000. Advisory Services Network LLC acquired a new position in shares of RiverNorth Capital and Income Fund in the 3rd quarter valued at $35,000. Finally, WFA Asset Management Corp grew its position in shares of RiverNorth Capital and Income Fund by 54.5% in the 3rd quarter. WFA Asset Management Corp now owns 3,090 shares of the company’s stock valued at $48,000 after buying an additional 1,090 shares during the last quarter.

RiverNorth Capital and Income Fund Trading Up 0.4%

Shares of NYSE:RSF opened at $14.64 on Tuesday. RiverNorth Capital and Income Fund, Inc. has a 12 month low of $14.23 and a 12 month high of $16.02. The company’s fifty day moving average price is $14.47 and its 200 day moving average price is $14.56.

RiverNorth Capital and Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be issued a dividend of $0.1371 per share. The ex-dividend date of this dividend is Monday, March 16th. This represents a c) annualized dividend and a dividend yield of 11.2%. RiverNorth Capital and Income Fund’s dividend payout ratio (DPR) is presently 108.67%.

RiverNorth Capital and Income Fund Profile

RiverNorth Capital and Income Fund (NYSE: RSF) is a closed-end investment company managed by RiverNorth Capital Management, LLC. The fund seeks to provide shareholders with a combination of current income and capital appreciation by employing a flexible, unconstrained fixed-income strategy. RSF invests across a broad spectrum of debt and convertible securities, aiming to capitalize on relative value opportunities in both interest-rate and credit markets.

The fund’s portfolio typically includes high-yield corporate bonds, bank loans, convertible securities, preferred stocks and other debt instruments.