RSF

RiverNorth Closed-End Funds Declare Monthly Distributions

Retrieved on: 
Monday, July 3, 2023

Effective December 7, 2022, the Fund changed its name to RiverNorth Capital and Income Fund, Inc.

Key Points: 
  • Effective December 7, 2022, the Fund changed its name to RiverNorth Capital and Income Fund, Inc.
    RMI, RMM, RFM, RFMZ, RMMZ, RIV, RSF and OPP are closed-end funds.
  • Holders of each Fund’s common stock will receive the distribution under one of two options:
    Receive additional full and fractional shares of the respective Fund’s common stock, or
    Elect to receive cash for the distribution.
  • The amounts and sources of distributions reported in the notice to shareholders are only estimates and are not being provided for tax reporting purposes.
  • A return of capital does not necessarily reflect the Fund’s investment performance and should not be confused with ‘yield’ or ‘income.’ Any such returns of capital will decrease the Fund’s total assets and, therefore, could have the effect of increasing the Fund’s expense ratio.

Alexandria Real Estate Equities, Inc.'s Unique, Highly Sought-After Labspace Assets in High-Barrier-to-Entry Markets Continue to Generate Strong Financial Returns

Retrieved on: 
Tuesday, June 20, 2023

PASADENA, Calif., June 20, 2023 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE: ARE), the first, preeminent, longest-tenured and pioneering owner, operator and developer of collaborative life science, agtech and advanced technology campuses in AAA innovation cluster locations, has been at the vanguard and heart of the life science ecosystem since inventing and creating the novel Labspace® niche in 1994. Alexandria is a one-of-a-kind company — it is the only pure-play publicly traded laboratory REIT. Founded on the belief that life science companies are most successful when positioned in the epicenter of the world's top innovation ecosystems in close proximity to world-renowned academic medical institutions, deep specialized talent and ample risk capital, Alexandria has applied its cluster model to the life science industry in a disciplined manner to execute on its original bold vision to create a new kind of real estate company uniquely focused on this essential industry and the highly complex infrastructure needed to support its mission-critical work to advance human health. Over the past three decades, Alexandria has strategically and methodically created the highest-quality life science assets concentrated in high-barrier-to-entry markets and built the leading infrastructure platform for the life science industry. The company's execution of its multifaceted platform of internal and external growth continues to drive outstanding long-term total stockholder return (TSR). From its IPO in May 1997 through March 31, 2023, Alexandria has generated an outstanding TSR of 1,444% (assuming reinvestment of dividends), significantly outperforming major indices over the same period, including the Nasdaq Composite's TSR of 998%, the MSCI U.S. REIT's TSR of 706% and the S&P 500's TSR of 683%.

Key Points: 
  • Over the past three decades, Alexandria has strategically and methodically created the highest-quality life science assets concentrated in high-barrier-to-entry markets and built the leading infrastructure platform for the life science industry.
  • The company's execution of its multifaceted platform of internal and external growth continues to drive outstanding long-term total stockholder return (TSR).
  • Alexandria's strong and timely execution of its strategic value harvesting and asset recycling program to raise accretive capital has demonstrated continuing solid demand for scarce, high-quality life science assets.
  • Affiliates of Alexandria recently completed the sale of five non-core, non-mega campus properties aggregating 428,663 RSF in the Greater Boston market to affiliates of TPG Real Estate Partners.

Meyas Sand Gold Project Update

Retrieved on: 
Tuesday, June 6, 2023

Perth, Western Australia/June 7, 2023/Perseus Mining Limited (PRU:ASX/TSX) owns 70% of the Meyas Sand Gold Project (MSGP), located in northern Sudan, approximately 75 kilometres south of the border with Egypt and nearly 900 kilometres north of Sudan’s capital city, Khartoum.

Key Points: 
  • Perth, Western Australia/June 7, 2023/Perseus Mining Limited (PRU:ASX/TSX) owns 70% of the Meyas Sand Gold Project (MSGP), located in northern Sudan, approximately 75 kilometres south of the border with Egypt and nearly 900 kilometres north of Sudan’s capital city, Khartoum.
  • Perseus’s Board of directors was scheduled to make a Final Investment Decision on the Meyas Sand Gold Project in the second half of 2023 however, this decision has been deferred for the foreseeable future.
  • Perseus’s Managing Director and CEO Jeff Quartermaine said: “Our decision to temporarily withdraw our people from the Meyas Sand Gold Project site in April was taken with their safety and security in mind.
  • Perseus does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Sudan's entire history has been dominated by soldiers and the violence and corruption they bring

Retrieved on: 
Wednesday, May 3, 2023

That may sound puzzling in the context of the current violence: what are the police doing in the middle of this?

Key Points: 
  • That may sound puzzling in the context of the current violence: what are the police doing in the middle of this?
  • By consolidating territory over several decades, this created what became Sudan: a colony built by armed force.
  • While colonial states always tended to be violent, Sudan was particularly fierce in imposing central control on a large and diverse population.

Mostly ruled by soldiers

    • Sudan has been mostly ruled by soldiers since 1956: in 1958, 1969 and 1989, military coups overthrew shortlived civilian governments.
    • Every time, soldiers continued to wield much power.
    • That process looks cyclical: soldiers kept defying the authority of civilian politicians.
    • The long-running wars with rebels encouraged that process – Sudan’s rulers recruited militia who would fight insurgents on the cheap, but who could also support them against insubordinate soldiers.

Money talks – so do guns

    • In the end, this increasingly messy and splintered array of armed groups could not save Bashir.
    • When popular anger against his rule seemed unstoppable in 2019, both the SAF and RSF turned against him and Bashir was pushed out of office.
    • But by that time, there were too many armed groups for any stable transition to be agreed.
    • So, even if Sudan’s untamed soldiers could be reconciled, it is hard to see how they would be brought under civilian control.

Omar al-Bashir brutalised Sudan – how his 30-year legacy is playing out today

Retrieved on: 
Tuesday, April 25, 2023

When the 2019 uprising against long-time dictator Omar al-Bashir created a military-civilian transitional government, the Sudanese hoped that their country would transition to democratic rule.

Key Points: 
  • When the 2019 uprising against long-time dictator Omar al-Bashir created a military-civilian transitional government, the Sudanese hoped that their country would transition to democratic rule.
  • But their hopes were dashed in October 2021 when Abdel Fattah al-Burhan led a coup against his civilian counterparts in the transitional government.
  • In the latest round of conflict that began on 15 April 2023, civil war looms as the security actors who benefited from Bashir’s downfall battle for supremacy.
  • I have studied Sudanese politics for 15 years, and this latest round of conflict is the worst in the country’s recent history.

The ideology of Islamism

    • When Bashir staged the coup in 1989, he was acting as a representative of a cell in a military carefully cultivated by the National Islamic Front.
    • The National Islamic Front was led by Hasan al-Turabi, who had run Sudan’s Islamic Movement since the 1960s.
    • He had grown frustrated at his failure to introduce his version of Muslim law (Sharia), through parliamentary means.
    • This policy, the legacy of which still remains, enabled them to give adherents of Islamism and security bosses willing to ally with them control over almost every part of public life in Sudan.

Making amends

    • However, after the split with Turabi in 1999, the Bashir regime attempted to repair its international image by distancing itself from such militant groups.
    • In the later Bashir period, the Sudanese government supported the Saudi-Emirati coalition against the militant Islamist Houthis in Yemen.
    • These are socially conservative authoritarian politics, including the return of morality policing; a hostility to the Sudanese left; and corruption.

A difficult dismantling

    • The military that overthrew him has been reading the same script.
    • Four months after the military had removed Bashir, it signed a constitutional declaration with the main civilian coalition, the Forces of Freedom and Change.
    • But even before this coup, dismantling Bashir’s regime was an enormous challenge.
    • The remnants of this continue to undermine democratic transition in Sudan, with ultimately disastrous consequences.

Sudan: violence between army and militia is a symptom of an old disease that is destroying Africa

Retrieved on: 
Friday, April 21, 2023

According to the World Health Organization, more than 330 people have been killed over the past week.

Key Points: 
  • According to the World Health Organization, more than 330 people have been killed over the past week.
  • Now, with reports emerging that arms are being sent from Egypt and Libya, there are growing fears the situation could develop into a civil war that could draw in regional powers.
  • The RSF began as a militia movement, the Janjaweed, comprising fighters from Darfur in the west of Sudan.

Paramilitary power brokers

    • Far from being a short-term Sudanese problem, this conflict between two rival centres of military power illustrates a common long-term problem in Africa.
    • Likewise in Zimbabwe the “green bombers” acted as a virtual private army for former Zimbabwe president Robert Mugabe as he fought to hold on to power.
    • These paramilitary militias are typically used for a wide range of activities including political or party-based violence, or as a counterweight to formal armed forces if they are perceived as a potential threat.

Adding mercenaries to the mix

    • These groups are frequently allied to other mercenary organisations that may provide fighters, training or some command and control.
    • The arrival of Russian mercenaries from the Wagner Group in Mali, and South African firm Dyck Advisory Group (DAG) in Mozambique has recently shed light on a new wave of mercenary activity across the continent.
    • Now it is apparently active in Sudan as well, where it has been accused of using gold from Meroe, north of Khartoum, to boost Russia’s war effort in Ukraine.

Pot of gold

    • Shortly afterwards a new gold-mining company, Meroe Gold, began operating in Sudan, Africa’s third-largest gold producer.
    • After al-Bashir’s ousting in 2019, Wagner’s main focus has reportedly been on Sudan’s gold mining operations.
    • Days later, according to a CNN investigation published in July, an aircraft loaded with gold flew from Sudan to Russia’s military base at Latakia in Syria.
    • CNN estimated that around 90% of Sudan’s gold production worth an estimated US$13.4 billion (£10.8 billion) has allegedly been smuggled out this way.

SAPA's Heroic Mission: Emergency Medical Aid for Sudan in the Face of War

Retrieved on: 
Friday, April 21, 2023

The sound of heavy artillery, tanks, and airstrikes filled the air, with clashes spreading to northern Sudan (Merowe), and western Sudan (El Obeid and Elfashir), among other locations.

Key Points: 
  • The sound of heavy artillery, tanks, and airstrikes filled the air, with clashes spreading to northern Sudan (Merowe), and western Sudan (El Obeid and Elfashir), among other locations.
  • Instead, Sudan now faces a spiraling humanitarian crisis.
  • Tragically, five ambulances have been fired upon, while others have been prevented from transporting the injured or critically ill patients.
  • As a professional association of Sudanese health care providers trained and practicing in the United States, SAPA is committed to promoting health care and delivering medical services in Sudan, even in the face of ongoing war and conflict.

Sudan created a paramilitary force to destroy government threats – but it became a major threat itself

Retrieved on: 
Wednesday, April 19, 2023

Sudan is in crisis. Fighting continues between Sudan’s military leader, Abdelfattah Al-Burhan, and his deputy on Sudan’s ruling council, General Mohamed Hamdan Dagolo, who commands the paramilitary group the Rapid Support Forces (RSF). Moina Spooner, from The Conversation Africa, asked Sudan historian and conflict expert Tsega Etefa to unpack what led to this eruption in violence and provide insights into who the RSF are.What’s at the centre of the conflict?Al-Bashir was ousted following widespread public protests which started in 2018 over the cost of bread.

Key Points: 


Sudan is in crisis. Fighting continues between Sudan’s military leader, Abdelfattah Al-Burhan, and his deputy on Sudan’s ruling council, General Mohamed Hamdan Dagolo, who commands the paramilitary group the Rapid Support Forces (RSF). Moina Spooner, from The Conversation Africa, asked Sudan historian and conflict expert Tsega Etefa to unpack what led to this eruption in violence and provide insights into who the RSF are.

What’s at the centre of the conflict?

    • Al-Bashir was ousted following widespread public protests which started in 2018 over the cost of bread.
    • These eventually challenged his entire regime, which had been in place for over 30 years.
    • Along with the army, the paramilitary force played a key role in the removal of al-Bashir.
    • A Sovereign Council, made up of civilian and military factions, was established as an interim government.

Who are the Rapid Support Forces and how did they get to be so powerful?

    • The government’s plan was to establish a well-trained, well-equipped, and centrally integrated security force that could be deployed against threats to its regime.
    • Hemedti, an Abbala Arab of the Hemedti clan, was selected by al-Bashir as the leader.
    • The great majority of Rapid Support Forces personnel are Darfurians, many were picked by Hemedti.
    • The targeting of civilians to eliminate support base for the rebels has become the hallmark of their activities.

Is the power of the Rapid Support Forces a cause for concern?

    • The Janjaweed militia originated in the mid-1980s when there was a collapse of law and order in the Darfur region.
    • Darfurians began to arm themselves, forming militias for protection though they largely operated to grab land and restock lost animals.
    • The Rapid Support Forces should be disbanded and its members be given the option of joining the army or police – or returning to civilian life.
    • The paramilitary group’s history of brutality and impunity suggests that the increase in its activities will drive instability in Sudan.
    • A new political framework agreement is needed that is inclusive and that has the trust and support of Sudanese people.

Sudan created a paramilitary force to destroy government threats - but it became a major threat itself

Retrieved on: 
Wednesday, April 19, 2023

Sudan is in crisis. Fighting continues between Sudan’s military leader, Abdelfattah Al-Burhan, and his deputy on Sudan’s ruling council, General Mohamed Hamdan Dagolo, who commands the paramilitary group the Rapid Support Forces (RSF). Moina Spooner, from The Conversation Africa, asked Sudan historian and conflict expert Tsega Etefa to unpack what led to this eruption in violence and provide insights into who the RSF are.What’s at the centre of the conflict?Al-Bashir was ousted following widespread public protests which started in 2018 over the cost of bread.

Key Points: 


Sudan is in crisis. Fighting continues between Sudan’s military leader, Abdelfattah Al-Burhan, and his deputy on Sudan’s ruling council, General Mohamed Hamdan Dagolo, who commands the paramilitary group the Rapid Support Forces (RSF). Moina Spooner, from The Conversation Africa, asked Sudan historian and conflict expert Tsega Etefa to unpack what led to this eruption in violence and provide insights into who the RSF are.

What’s at the centre of the conflict?

    • Al-Bashir was ousted following widespread public protests which started in 2018 over the cost of bread.
    • These eventually challenged his entire regime, which had been in place for over 30 years.
    • Along with the army, the paramilitary force played a key role in the removal of al-Bashir.
    • A Sovereign Council, made up of civilian and military factions, was established as an interim government.

Who are the Rapid Support Forces and how did they get to be so powerful?

    • The government’s plan was to establish a well-trained, well-equipped, and centrally integrated security force that could be deployed against threats to its regime.
    • Hemedti, an Abbala Arab of the Hemedti clan, was selected by al-Bashir as the leader.
    • The great majority of Rapid Support Forces personnel are Darfurians, many were picked by Hemedti.
    • The targeting of civilians to eliminate support base for the rebels has become the hallmark of their activities.

Is the power of the Rapid Support Forces a cause for concern?

    • The Janjaweed militia originated in the mid-1980s when there was a collapse of law and order in the Darfur region.
    • Darfurians began to arm themselves, forming militias for protection though they largely operated to grab land and restock lost animals.
    • The Rapid Support Forces should be disbanded and its members be given the option of joining the army or police – or returning to civilian life.
    • The paramilitary group’s history of brutality and impunity suggests that the increase in its activities will drive instability in Sudan.
    • A new political framework agreement is needed that is inclusive and that has the trust and support of Sudanese people.

Sudan conflict: Hemedti -- the warlord who built a paramilitary force more powerful than the state

Retrieved on: 
Tuesday, April 18, 2023

Dozens have been killed in armed clashes in the Sudanese capital Khartoum following months of tension between the military and the powerful paramilitary group Rapid Support Forces (RSF).

Key Points: 
  • Dozens have been killed in armed clashes in the Sudanese capital Khartoum following months of tension between the military and the powerful paramilitary group Rapid Support Forces (RSF).
  • General Mohamed Hamdan Dagolo, better known as Hemedti, is the leader of the RSF.
  • He is a key mover in the fast-escalating civil war, as he has been in other key moments in Sudan’s recent history.
  • The term refers to the armed groups of Arabs from Darfur and Kordofan in western Sudan.

Coming in from the periphery

    • His grandfather, Dagolo, was leader of a subclan that roamed across the pastures of Chad and Darfur.
    • Young men from these camel-herding, landless and marginalised group became a core element of the Arab militia that led Khartoum’s counterinsurgency in Darfur from 2003.
    • The title ‘General’ was awarded on account of his proficiency as a commander in the Janjaweed brigade in Southern Darfur at the height of the 2003-05 war.

A country in his pocket

    • Following the March 2015 Saudi-Emirati military intervention in Yemen, Sudan cut a deal with Riyadh to deploy Sudanese troops in Yemen.
    • One of the commanders of the operation was General Abdel Fattah al-Burhan who has chaired the Transitional Military Council since 2019.
    • This brought hard cash direct into Hemedti’s pocket.
    • Hemedti is adopting a model of state mercenarism familiar to those who follow the politics of the Sahara.

Reaping the whirlwind

    • Every ruler in Sudan, with one notable exception, has hailed from the the heartlands of Khartoum and the neighboring towns on the Nile.
    • Despite the grievances against Hemedti’s paramilitaries, he is still recognised as a Darfurian and an outsider to the Sudanese establishment.
    • When the Sudanese regime sowed the wind of the Janjaweed in Darfur in 2003, they least expected to reap the whirlwind in their own capital city.
    • Hemedti is that whirlwind.