Symbols

CEFZ

RiverNorth Active Income ETF·CBOE

--(--)

Key Stats

Assets Under Management

37.18MUSD

Fund Flow (1Y)

1.91MUSD

Dividend Yield

6.09%

Discount / Premium to NAV

-0.19%

Shares Outstanding

4.70M

Expense Ratio

3.36%

About RiverNorth Active Income ETF

Issuer

TrueMark Investments, LLC

Brand

RiverNorth

Home Page

https://www.true-shares.com/etf/cefz

Inception Date

Dec 27, 2006

Structure

Open-Ended Fund

Index Tracked

Management Style

Active

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

Truemark Investments LLC

Distributor

Paralel Distributors LLC

CEFZ is an actively managed fund that primarily invests in closed-end funds and exchange-traded funds. While RiverNorth believes markets are generally efficient, closed-end funds offer a unique structure whereby investors can purchase a diversified fund and potentially generate additional return through the change in the relationship between the closed-end fund's market price and Net Asset Value (NAV). The Fund's objective is to achieve long-term capital appreciation and income.