RiverNorth Capital and Income Fund Announces Preliminary Results of Transferable Rights Offering with Gross Proceeds of $15.9 Million.

RiverNorth Capital and Income Fund has announced the preliminary results of its transferable rights offering, with 1,924,556 shares subscribed for. The fund expects to issue 1,105,000 new shares and raise approximately $15.9 million. The offering was oversubscribed, with over-subscription requests exceeding available shares. Final results will be announced on July 9, 2025.

RiverNorth Capital and Income Fund, Inc. (NYSE: RSF) has announced the preliminary results of its transferable rights offering, with 1,924,556 shares subscribed for. The fund expects to issue 1,105,000 new shares and raise approximately $15.9 million. The offering was oversubscribed, with over-subscription requests exceeding available shares. Final results will be announced on July 9, 2025.

The subscription price per share was determined to be $14.39, which is lower than the original estimated subscription price of $14.51 per share. Any excess payments will be returned to subscribing rights holders as soon as practicable. Shares of common stock issued as a result of the rights offering will not be record date shares for the Fund’s monthly distributions paid in June 2025 but will be record date shares for the Fund’s July 2025 distribution.

RiverNorth Capital and Income Fund, Inc. is a closed-end fund with an investment objective of seeking a high level of current income. As of June 30, 2025, the Fund had approximately $52.4 million of net assets and 3.3 million shares of common stock outstanding. The Fund trades in the secondary market, and investors wishing to buy or sell stock need to place orders through an intermediary or broker. The share price of a closed-end fund is based on the market value.

Investors should consider the risks associated with investing in the Fund, including the risk that they may receive little or no return on their investment or even that they may lose part or all of their investment. The Fund's investment objectives, risks, charges, and expenses must be considered carefully before investing. The Fund’s prospectus and most recent periodic reports contain this and other important information about the investment company and may be obtained by visiting [RiverNorth](https://www.rivernorth.com/literature) or by calling 844.569.4750. Read the Prospectus carefully before investing.

References:
[1] https://www.stocktitan.net/news/RSF/river-north-capital-and-income-fund-inc-announces-preliminary-q1va31sshc8k.html