RENN Fund's Murray Buys 1,030 Shares at $2.53/Share on August 13.

Renn Fund, Inc. [RCG] has announced that Murray Stahl, the company's 10% owner and President/Co-Portfolio Manager, has made several purchases of the company's shares. On August 13, 2025, Stahl acquired 356 shares at $2.53 per share, as well as smaller batches of 18, 180, 180, 296, 18, and 82 shares at the same price. These transactions demonstrate Stahl's confidence in the company's future prospects and his commitment to its success.

Murray Stahl, President and Co-Portfolio Manager of Renn Fund, Inc. (RCG), has demonstrated his confidence in the company's future prospects by making several significant share purchases. On August 13, 2025, Stahl acquired 356 shares at $2.53 per share, along with smaller batches of 18, 180, 180, 296, 18, and 82 shares at the same price. These transactions, totaling $2,858, reflect Stahl's commitment to RCG's success [1].

Stahl's direct ownership has increased to 102,462 shares, while he also holds indirect ownership through various entities such as his spouse, Fromex Equity Corp, FRMO Corp, Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC [1]. These purchases come at a time when RCG has shown impressive returns, with a 43.9% return over the past year and a strong financial health score according to InvestingPro analysis [1].

In addition to Stahl's share purchases, Renn Fund, Inc. has recently announced a significant acquisition. iA Financial Corporation Inc. has entered into a definitive agreement to acquire RF Capital Group Inc. for $597 million. This all-cash transaction values RF Capital’s common shares at $20.00 per share, reflecting a premium of approximately 107% over RF Capital’s closing price on July 25. The deal includes $370 million allocated for RF Capital’s fully diluted equity and an additional $227 million for financial obligations [2].

The acquisition aims to bolster iA Financial’s presence in the Canadian independent wealth management sector and underscores the company’s strategic focus on enhancing its wealth management capabilities [2]. This move is expected to have a notable impact on the financial landscape in Canada.

References:
[1] https://www.investing.com/news/insider-trading-news/renn-fund-president-stahl-buys-shares-worth-2858-93CH-4192732
[2] https://www.investing.com/news/insider-trading-news/renn-fund-president-stahl-buys-shares-worth-2915-93CH-4188761