RSF News and Press, RiverNorth Marketplace Lending Corporation From 09/10/21

Only funds with yields over 7%, coverage higher than 85% and trading at under a +5% premium are considered. Top lists of discount, yield, DxY and DxYxZ are given. The top DxY funds are FEI, FPL and AOD. For further details see: The 'High-High-Low' Closed-End Fund Report,...

Only funds with coverage >100% are considered. Top lists of discount, yield, DxY and DxYxZ are given. Only one fund with >100% coverage had a negative z-score this month. FPL could be worth a look. For further details see: The Quality Closed-End Fund Report, Au...

RiverNorth Specialty Finance (RSF) had declared $0.1523/share monthly dividend, in line with previous.Payable July 30; for shareholders of record July 16; ex-div July 15.Payable Aug 31; for shareholders of record Aug 17; ex-div Aug 16.Payable Sept 30; for shareholders of record Sept 16; ...

RiverNorth Specialty Finance Corporation (the “Fund”) (NYSE: RSF), a closed-end fund, announced the final results of its repurchase offer for up to 5%, or 227,380 of its outstanding common shares. The repurchase offer expired at 5:00 P.M. Eastern Time on July 7, 2021. ...

This is a unique interval fund CEF structure that allows investors to sell back a small piece of their shares at NAV quarterly. Think of it as a tender offer. The fund changed its portfolio strategy to be more specialty finance as opposed to marketplace lending securities. The fund st...

Only funds with coverage >100% are considered. Top lists of discount, yield, DxY, and DxYxZ are given. Only one fund with >100% coverage had a negative z-score this month. For further details see: The Quality Closed-End Fund Report, June 2021

We take a look at the action in preferreds and baby bonds through the second week of June and highlight some of the key themes we are watching. We discuss the market action and highlight individual issuer news. We continue to favor pinned-to-par securities due to their greater res...

Only funds with coverage >100% are considered. Top lists of discount, yield, DxY and DxYxZ are given. Muni CEFs feature in the top list of widest discount. For further details see: The Quality Closed-End Fund Report: May 2021

In the first quarter, closed-end fund discounts tightened by 261 bps from -6.3% to -3.7%. But in the month of April, we saw another 80 bps of closure. We think the muni CEF space looks relatively attractive compared to the taxable bond CEF categories. As such, we've been trimming ...

In this report we look at a few short-term options to add to your account to take advantage of rising NAVs and closing discounts. We hunted for higher yielding funds that are trading at wider discounts to NAV and likely to be bought by retail investors. Most of these are buy-and-r...