RCG News and Press, RENN Fund Inc From 05/04/22

1 out of 22 CEF sectors positive on price and 1 out of 22 sectors positive on NAV last week. GUT has completed its rights offering, which was oversubscribed. Sidestepping the offering was once again the optimal strategy. For further details see: Weekly Closed-End Fund Ro...

Four out of 24 CEF sectors positive on price and three out of 24 sectors positive on NAV last two weeks. SPE has an upcoming tender offer. GUT has a rights offering coming up. JPT tender offer and FTF rights offering completed. For further details see: Weekly Closed-...

This is one way closed-end funds can grow their total share count, contrary to the "closed" part of their structure. When utilizing a dividend reinvestment plan or DRIP, it is generally a win-win-win scenario for all involved. Many DRIPs are implemented in the same manner, with th...

Third paragraph, first sentence of release should read: The Fund sold an aggregate of 1,063,830 shares of common stock at a purchase price of $1.98 per share. (instead of 1,487,989 shares). The updated release reads: RENN FUND, INC. ANNOUNCES RESULTS OF RIGHTS OFFERING T...

The RENN Fund, Inc. (NYSE MKT: RCG) (the “Fund”) announced today that they have declared a year-end distribution of income in the amount of $0.022602 per share, payable on December 30, 2021, to stockholders of record on December 20, 2021. The Fund will trade with due bills...

The RENN Fund, Inc. (NYSE MKT: RCG) (the “Fund”) announced today a record date for the Fund’s year-end distribution in the event a distribution is made. The record date will be December 20, 2021 and Pay-Date of December 30, 2021. The Fund will make an announcement o...

The Board of Directors of the RENN Fund, Inc. (NYSE MKT: RCG) (the “Fund”) announced today it has approved a non-transferable rights offering (the “Offering”) to holders of its common shares of record at the close of business on December 10, 2021 (the “...

15 out of 24 CEF sectors positive on price and 6 out of 24 sectors positive on NAV last week. PCF and RIV rights offering results. Guggenheim mergers are completed. For further details see: Weekly Closed-End Fund Roundup: PCF, RIV Rights Offering Results, Guggenheim Merg...

Gainers: Benessere Capital Acquisition (NASDAQ:BENE) +11%. GoHealth (NASDAQ:GOCO) +9%. Digital World Acquisition (NASDAQ:DWAC) +8%. Harbor Custom Development (NASDAQ:HCDI) +8%. Hippo Holdings (NYSE:HIPO) +7%. Losers: Nam Tai Property (NYSE:NTP) -14%. Noah Holdings (NYSE:NOAH) -12%. NERDWALLET...

21 out of 24 CEF sectors positive on price and 22 out of 24 sectors positive on NAV last week. US equity leads while emerging market income lags. Asia equity is the highest-yielding CEF sector. For further details see: Weekly Closed-End Fund Roundup: November 7, 2021