RiverNorth Capital and Income Fund, Inc. (RSF) To Go Ex-Dividend on June 15th

RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) announced a monthly dividend on Wednesday, April 1st. Shareholders of record on Monday, June 15th will be given a dividend of 0.1371 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 11.2%. The ex-dividend date of this dividend is Monday, June 15th.

RiverNorth Capital and Income Fund has a dividend payout ratio of 84.5% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline.

RiverNorth Capital and Income Fund Price Performance

NYSE:RSF traded up $0.03 on Friday, hitting $14.65. The company’s stock had a trading volume of 8,397 shares, compared to its average volume of 12,803. The stock has a fifty day moving average of $14.61 and a two-hundred day moving average of $14.53. RiverNorth Capital and Income Fund has a one year low of $14.23 and a one year high of $15.07.

Hedge Funds Weigh In On RiverNorth Capital and Income Fund

A number of large investors have recently made changes to their positions in the company. Everstar Asset Management LLC bought a new position in shares of RiverNorth Capital and Income Fund during the first quarter worth approximately $466,000. Equitable Holdings Inc. bought a new position in shares of RiverNorth Capital and Income Fund during the fourth quarter worth approximately $167,000. Osaic Holdings Inc. increased its stake in shares of RiverNorth Capital and Income Fund by 15.9% during the fourth quarter. Osaic Holdings Inc. now owns 179,232 shares of the company’s stock worth $2,574,000 after purchasing an additional 24,600 shares during the period. Jane Street Group LLC bought a new position in shares of RiverNorth Capital and Income Fund during the fourth quarter worth approximately $214,000. Finally, Palatine Hill Wealth Management LLC bought a new position in shares of RiverNorth Capital and Income Fund during the fourth quarter worth approximately $9,666,000.

About RiverNorth Capital and Income Fund

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.