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 paid 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 payout ratio of 84.5% indicating that 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 Stock Up 0.2%

RSF traded up $0.03 during midday trading on Friday, hitting $14.65. The stock had a trading volume of 8,397 shares, compared to its average volume of 12,803. RiverNorth Capital and Income Fund has a 1 year low of $14.23 and a 1 year high of $15.07. The business has a fifty day moving average of $14.61 and a 200 day moving average of $14.53.

Institutional Trading of RiverNorth Capital and Income Fund

A number of institutional investors have recently made changes to their positions in RSF. Advisory Services Network LLC purchased a new stake in shares of RiverNorth Capital and Income Fund during the third quarter valued at approximately $35,000. Equitable Holdings Inc. purchased a new stake in shares of RiverNorth Capital and Income Fund during the fourth quarter valued at approximately $167,000. Jane Street Group LLC purchased a new stake in shares of RiverNorth Capital and Income Fund during the fourth quarter valued at approximately $214,000. Everstar Asset Management LLC purchased a new stake in shares of RiverNorth Capital and Income Fund during the first quarter valued at approximately $466,000. Finally, TrueMark Investments LLC bought a new position in shares of RiverNorth Capital and Income Fund during the fourth quarter valued at approximately $689,000.

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.