RiverNorth Capital and Income Fund, Inc. Announces Final Results of Repurchase Offer

Impact · against what's priced in

The repurchase offer for RSF was undersubscribed relative to the shares submitted, indicating the offer price was likely unappealing to a large portion of shareholders. The event is a non-material administrative update for DST.

RSF+0.10

No priced-in read yet

In context

The fund completed a repurchase of 173,168 shares, which reduces share count and typically supports price, though the fact that only 14% of the 1.2 million submitted shares were repurchased suggests low appetite for the offer terms.

Read from the article alone

• RSF
• buyback
• closed end fund
• corporate action
• share repurchase

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