RiverNorth Capital and Income Fund, Inc. $RSF Position Cut by Sit Investment Associates Inc.

Sit Investment Associates Inc. reduced its holdings in RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) by 66.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 129,631 shares of the company’s stock after selling 260,214 shares during the quarter. Sit Investment Associates Inc.’s holdings in RiverNorth Capital and Income Fund were worth $1,862,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Palatine Hill Wealth Management LLC acquired a new position in RiverNorth Capital and Income Fund during the 4th quarter worth $9,666,000. Nomura Holdings Inc. acquired a new position in shares of RiverNorth Capital and Income Fund during the third quarter valued at $3,680,000. Osaic Holdings Inc. raised its stake in shares of RiverNorth Capital and Income Fund by 15.9% during the fourth quarter. Osaic Holdings Inc. now owns 179,232 shares of the company’s stock valued at $2,574,000 after purchasing an additional 24,600 shares in the last quarter. TrueMark Investments LLC bought a new stake in shares of RiverNorth Capital and Income Fund during the fourth quarter valued at about $689,000. Finally, Jane Street Group LLC acquired a new stake in RiverNorth Capital and Income Fund in the fourth quarter worth about $214,000.

RiverNorth Capital and Income Fund Trading Up 0.0%

Shares of RSF opened at $14.57 on Friday. The firm has a 50-day moving average price of $14.60 and a 200 day moving average price of $14.53. RiverNorth Capital and Income Fund, Inc. has a 52-week low of $14.23 and a 52-week high of $15.07.

RiverNorth Capital and Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $0.1371 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 11.3%. The ex-dividend date of this dividend is Monday, June 15th. RiverNorth Capital and Income Fund’s dividend payout ratio is currently 108.67%.

About RiverNorth Capital and Income Fund

RiverNorth Capital and Income Fund (NYSE: RSF) is a closed-end investment company managed by RiverNorth Capital Management, LLC. The fund seeks to provide shareholders with a combination of current income and capital appreciation by employing a flexible, unconstrained fixed-income strategy. RSF invests across a broad spectrum of debt and convertible securities, aiming to capitalize on relative value opportunities in both interest-rate and credit markets.

The fund’s portfolio typically includes high-yield corporate bonds, bank loans, convertible securities, preferred stocks and other debt instruments.