NYSE:RFM

RiverNorth Closed-End Funds Declare Monthly Distributions

Retrieved on: 
Monday, April 1, 2024
Banking, Professional Services, Finance, RFM, Annual report, RMM, Policy, NAV, RSF, Overalls, RIV, OPP, Fund, Calendar, RMI, Security (finance)

Each Fund maintains a level distribution policy with the intention of providing monthly distributions to shareholders at a constant and fixed (but not guaranteed) rate that is reset annually.

Key Points: 
  • Each Fund maintains a level distribution policy with the intention of providing monthly distributions to shareholders at a constant and fixed (but not guaranteed) rate that is reset annually.
  • Each Fund’s ability to maintain a stable level of distributions to shareholders will depend on a number of factors, including changes in the financial market, market interest rates, and performance of overall equity and fixed income markets.
  • Holders of each Fund’s common stock will receive the distribution under one of two options:
    2.
  • A return of capital does not necessarily reflect a Fund’s investment performance and should not be confused with ‘yield’ or ‘income.’ Any such returns of capital will decrease a Fund’s total assets and, therefore, could have the effect of increasing a Fund’s expense ratio.

RiverNorth Closed-End Funds Declare Monthly Distributions

Retrieved on: 
Tuesday, January 2, 2024
Other Professional Services, Asset Management, Professional Services, Finance, NAV, Policy, Fund, RFM, Annual report, RMI, RMM, RIV, RSF, OPP, Calendar, Overalls, Security (finance)

Each Fund maintains a level distribution policy with the intention of providing monthly distributions to shareholders at a constant and fixed (but not guaranteed) rate that is reset annually.

Key Points: 
  • Each Fund maintains a level distribution policy with the intention of providing monthly distributions to shareholders at a constant and fixed (but not guaranteed) rate that is reset annually.
  • Each Fund’s ability to maintain a stable level of distributions to shareholders will depend on a number of factors, including changes in the financial market, market interest rates, and performance of overall equity and fixed income markets.
  • Holders of each Fund’s common stock will receive the distribution under one of two options:
    2.
  • A return of capital does not necessarily reflect a Fund’s investment performance and should not be confused with ‘yield’ or ‘income.’ Any such returns of capital will decrease a Fund’s total assets and, therefore, could have the effect of increasing a Fund’s expense ratio.

RiverNorth Closed-End Funds Declare Monthly Distributions

Retrieved on: 
Monday, October 2, 2023
Professional Services, Other Professional Services, Finance, Asset Management, Consulting, Personal Finance, RSF, RMI, Calendar, RFM, RMM, Fund, RIV, OPP, Security (finance)

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.

RiverNorth Closed-End Funds Declare Monthly Distributions

Retrieved on: 
Monday, July 3, 2023
Banking, Asset Management, Professional Services, Finance, RSF, RMI, Calendar, RFM, RMM, Fund, RIV, OPP, Security (finance)

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.

RiverNorth Closed-End Funds Declare Monthly Distributions and RiverNorth Flexible Municipal Income Fund, Inc. Declares Capital Gain Distribution

Retrieved on: 
Monday, April 3, 2023
Finance, Banking, Professional Services, Other Professional Services, Asset Management, RSF, RMI, Calendar, RFM, RMM, Fund, RIV, OPP, Security (finance)

Holders of each Fund’s common stock will receive the distribution under one of two options:

Key Points: 
  • 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.
  • Contact your broker-dealer where you hold the shares to confirm your distribution reinvestment election.
  • Each Fund will send shareholders a Form 1099-DIV for the calendar year that will tell them how to report these distributions for federal income tax purposes.
  • Each Fund may at times distribute more than its net investment income and net realized capital gains; therefore, a portion of the distribution may result in a return of capital.

RiverNorth Closed-End Funds Declare Monthly Distributions

Retrieved on: 
Tuesday, January 3, 2023
Banking, Asset Management, Professional Services, Finance, RIV, Calendar, OPP, RFM, RMM, Broker-dealer, RSF, Policy, RMI, Fund, Security (finance), Life insurance, Risk management

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, OPP and RSF are closed-end funds.
  • Such distributions will also generally be subject to state and local taxes.
  • RiverNorth does not provide tax advice; consult a professional tax advisor regarding your specific tax situation.
  • 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.

RiverNorth Flexible Municipal Income Fund, Inc. Declares Year-End Capital Gain Distribution

Retrieved on: 
Tuesday, December 13, 2022
Banking, Asset Management, Professional Services, Finance, Fund, AMT, FINRA, ALPS, Taxability, Sale, Loss, Jeffrey Gundlach, Capital gain, Risk, Investment, Mutual fund, Prospectus, AUM, Broker-dealer, Security (finance), Tax advisor, Life insurance, Financial adviser

RiverNorth Flexible Municipal Income Fund, Inc.

Key Points: 
  • RiverNorth Flexible Municipal Income Fund, Inc.
    RiverNorth does not provide tax advice; consult a professional tax advisor regarding your specific tax situation.
  • As of the date of this release, the RiverNorth Opportunities Fund, Inc., the RiverNorth Capital and Income Fund, Inc., the RiverNorth/DoubleLine Strategic Opportunity Fund, Inc., the RiverNorth Opportunistic Municipal Income Fund, Inc., the RiverNorth Managed Duration Municipal Income Fund, Inc., the RiverNorth Flexible Municipal Income Fund II, Inc., and the RiverNorth Managed Duration Municipal Income Fund II, Inc. do not anticipate having to make year-end capital gain distributions.
  • A portion of the distribution may be treated as paid from sources other than net income, including but not limited to shortterm capital gain, longterm capital gain and return of capital.
  • RiverNorth is a registered trademark of RiverNorth Capital Management, LLC.

RiverNorth Closed-End Funds Declare Monthly Distributions

Retrieved on: 
Monday, October 3, 2022
Banking, Asset Management, Professional Services, Finance, RIV, AUM, OPP, Income, Funding, RSF, Broker-dealer, RFM, LLC, RMI, RMM, Policy, Fund, Calendar, Investment, Risk, Jeffrey Gundlach, Financial services, Life insurance, Risk management, Security (finance), Financial adviser, ALPS

RiverNorth does not provide tax advice; consult a professional tax advisor regarding your specific tax situation.

Key Points: 
  • RiverNorth does not provide tax advice; consult a professional tax advisor regarding your specific tax situation.
  • Any such returns of capital will decrease the Funds total assets and, therefore, could have the effect of increasing the Funds expense ratio.
  • RiverNorth is an institutional investment manager to registered funds, private funds and separately managed accounts.
  • RiverNorth is a registered trademark of RiverNorth Capital Management, LLC.

RiverNorth Closed-End Funds Declare Monthly Distributions

Retrieved on: 
Friday, July 1, 2022
Banking, Asset Management, Professional Services, Finance, Broker-dealer, RMI, Jeffrey Gundlach, RFM, Risk, LLC, Investment, Funding, AUM, RSF, Fund, RMM, ALPS, Calendar, OPP, Income, Financial services, Life insurance, Risk management, Security (finance), Financial adviser

RiverNorth does not provide tax advice; consult a professional tax advisor regarding your specific tax situation.

Key Points: 
  • RiverNorth does not provide tax advice; consult a professional tax advisor regarding your specific tax situation.
  • Any such returns of capital will decrease the Funds total assets and, therefore, could have the effect of increasing the Funds expense ratio.
  • RiverNorth is an institutional investment manager to registered funds, private funds and separately managed accounts.
  • RiverNorth is a registered trademark of RiverNorth Capital Management, LLC.

RiverNorth Closed-End Funds Declare Monthly Distributions

Retrieved on: 
Friday, April 1, 2022
Banking, Professional Services, Finance, RMI, Risk, Fund, ALPS, OPP, Funding, RSF, Broker-dealer, Jeffrey Gundlach, LLC, Calendar, Income, RMM, RFM, Financial services, Life insurance, Risk management, Security (finance), Financial adviser

RiverNorth does not provide tax advice; consult a professional tax advisor regarding your specific tax situation.

Key Points: 
  • RiverNorth does not provide tax advice; consult a professional tax advisor regarding your specific tax situation.
  • Any such returns of capital will decrease the Funds total assets and, therefore, could have the effect of increasing the Funds expense ratio.
  • RiverNorth is an institutional investment manager to registered funds, private funds and separately managed accounts.
  • RiverNorth is a registered trademark of RiverNorth Capital Management, LLC.