RSF - RSF: A Unique Publicly-Traded Interval Fund
Written by Nick Ackerman, co-produced by Stanford Chemist
RiverNorth Specialty Finance Corporation (RSF) is a bit of a unique fund. It was formerly known as the RiverNorth Marketplace Lending Corporation. Prior to June 12th, 2019, it was a private interval fund that could only be purchased directly. An interval fund is a type of closed-end fund that offers investors a chance to "cash in" a small portion of their shares at net asset value via regular tender offers. This is generally attractive since traditional CEFs can trade at large discounts. The idea is that this