RiverNorth Capital and Income Fund, Inc. Increases Distribution Rate - Declares Monthly Distributions
MWN-AI** Summary
RiverNorth Capital and Income Fund, Inc. has announced an increase in its monthly distribution rate from 10.00% to 10.75%, effective for the 2026 calendar year. This adjustment aligns with the Fund's level distribution policy, which aims to provide shareholders with consistent monthly income. The Fund has also set specific distribution dates for January, February, and March 2026, pending Board approval.
As of December 31, 2025, the Fund's net asset value (NAV) was reported at $15.30, with annualized current distribution rates of 10.75% at NAV and 11.46% at market price. This performance underscores the Fund's commitment to delivering attractive returns to investors, having achieved a 7.15% annualized net asset value performance over the past five years, significantly outperforming the Bloomberg US Aggregate Bond Index, which registered -0.31% during the same period.
The investment strategy of the Fund focuses on alternative income opportunities, including private credit assets like small business whole loans from Square Capital. This strategy not only emphasizes short durations and strong cash flows but also diversifies the portfolio with credit-focused closed-end funds and business development companies.
To provide liquidity, the Fund conducts quarterly repurchase offers for up to 5% of its outstanding shares at net asset value. Furthermore, shareholders can choose between receiving cash distributions or enrolling in a dividend reinvestment plan, which allows them to acquire additional shares.
Overall, RiverNorth Capital and Income Fund, with assets under management of $5.1 billion, continues to navigate market inefficiencies to offer compelling income solutions to investors while maintaining a strong commitment to consistent returns.
MWN-AI** Analysis
The recent announcement by RiverNorth Capital and Income Fund, Inc. (ticker: RSF) to increase its distribution rate from 10.00% to 10.75% sends a positive signal to investors seeking reliable income sources in a fluctuating market landscape. This increment, along with clearly established paymentdates for the first quarter of 2026, may enhance investor confidence amid uncertain conditions appreciated by its unique investment strategy.
The Fund's strategy focuses on hard-to-access private credit assets, notably small business loans from Square Capital, promoting attractive short-duration cash flows. This approach is pivotal in today’s economic climate, where the traditional fixed-income landscape is challenged by rising interest rates. Consequently, RSF's investment performance, illustrated by an annualized return of 7.15% over the past five years—significantly outperforming the Bloomberg US Aggregate Bond Index (which reported -0.31%)—demonstrates its resilience and ability to generate income in tumultuous environments.
Investors should consider leveraging RSF's dividend reinvestment plan, particularly advantageous when RSF trades at a discount to NAV, allowing for the acquisition of shares at attractive valuations. Despite enticing yields, it's essential to remain aware that some distribution components may result in a return of capital, which can impact overall portfolio dynamics.
As the fund’s ability to maintain its steady distribution policy is contingent upon financial performance and market conditions, vigilant monitoring of both market trends and the fund’s strategy execution is warranted. Overall, with the enhanced distribution and a proven strategy, RSF presents a compelling opportunity for income-focused investors looking for stability amidst market fluctuations. However, due diligence remains essential to navigate inherent investment risks effectively.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
In accordance with the level distribution policy of the RiverNorth Capital and Income Fund, Inc. (the “Fund”), the reset distribution rate has been proposed for the 2026 calendar year. The Fund is pleased to announce its distribution rate has increased from 10.00% to 10.75%. In addition, the Fund has established distribution dates for January, February, and March 2026. Payment of the distributions are subject to Board approval.
Ex Date | Record Date | Payable Date |
1/15/2026 | 1/15/2026 | 1/30/2026 |
2/13/2026 | 2/13/2026 | 2/27/2026 |
3/16/2026 | 3/16/2026 | 3/31/2026 |
RiverNorth Capital and Income Fund, Inc.
Ticker | Distribution Per | Net Asset Value | Annualized | Market Price as | Annualized | Inception to Date |
RSF | $0.1371 | $15.30 | 10.75% | $14.36 | 11.46% | $17.80 |
^As of 12/31/25. The inception date for RSF is 9/22/2016. |
Investment Strategy Highlights
- The Fund’s investment objective is to seek a high level of current income. To pursue this objective, the Fund targets alternative income opportunities that can be difficult for investors to access.
- At the center of the strategy is a distinctive allocation to hard-to-access private credit assets, primarily small business whole loans originated by Square Capital. These loans offer short duration and strong cash flow profiles—characteristics that may be viewed as compelling in today’s uncertain interest rate and credit environment.
- Building on the private credit foundation, the Fund also invests opportunistically in investment company debt, credit-focused closed-end funds, and business development companies.
- Together, these less correlated, “off-the-run” asset classes have been significant contributors to the Fund’s attractive long-term net asset value performance (7.15% annualized over the past 5 years compared to -0.31% for the Bloomberg US Aggregate Bond Index.) 2
- Additionally, to provide shareholders with a degree of liquidity, the Fund conducts a quarterly repurchase offer for up to 5% of its outstanding common shares at a price equal to net asset value.
Level Distribution Policy
The Fund maintains a level distribution policy with the intention of providing monthly distributions to shareholders at a constant and fixed (but not guaranteed) rate that is reset annually. Although there can be no guarantee that the distribution policy will be successful in its goals, shareholders may potentially benefit from both increased liquidity and flexibility in managing their Fund investments. The Fund’s ability to maintain a stable level of distributions to shareholders will depend on a number of factors, including changes in the financial market, market interest rates, and performance of overall equity and fixed income markets. As portfolio and market conditions change, the ability of the Fund to continue to make distributions in accordance with the level distribution policy may be affected.
Holders of the Fund’s common stock will receive the distribution under one of two options:
1. Receive additional full and fractional shares of the Fund’s common stock through its dividend reinvestment plan
or,
2. Elect to receive cash for the distribution.
Shareholders may consider the dividend reinvestment plan as a convenient way to add to their Fund holdings along with other potential benefits. For example, if the Fund is trading at a discount to NAV, the investor generally receives shares acquired on the secondary market at/near that discount to NAV. In the case where the Fund is trading at a premium to NAV, the investor will typically receive newly issued shares by the Fund at NAV.
For further information, shareholders should carefully read the description of the dividend reinvestment plan in the Fund’s prospectus and/or annual report. Contact your broker-dealer to confirm your distribution election.
With each distribution that does not consist solely of net investment income, the Fund will issue a notice to shareholders and an accompanying press release that will provide detailed information regarding the amount and composition of the distribution and other related information. The amounts and sources of distributions reported in the notice to shareholders are only estimates and are not being provided for tax reporting purposes. This information is posted to the Closed-End Funds section of www.rivernorth.com . The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during its full fiscal year and may be subject to changes based on tax regulations. The Fund will send shareholders a Form 1099-DIV for the calendar year that will tell them how to report these distributions for federal income tax purposes.
The Fund may at times distribute more than its net investment income and net realized capital gains; therefore, a portion of the distribution may result in a return of capital. A return of capital occurs when some or all of the money that shareholders invested in a Fund is paid back to them. A return of capital does not necessarily reflect a Fund’s investment performance and should not be confused with ‘yield’ or ‘income.’ Any such returns of capital will decrease the Fund’s total assets and, therefore, could have the effect of increasing the Fund’s expense ratio. In addition, in order to make the level of distributions called for under its plan, a Fund may have to sell its portfolio securities at a less than opportune time.
About RiverNorth
RiverNorth Capital Management, LLC is an independent investment manager and closed-end fund expert specializing in opportunistic strategies and structures built to exploit market inefficiencies. Founded in 2000, RiverNorth manages $5.1 billion 3 of assets in registered funds, private funds and separately managed accounts.
1 | In accordance with its level distribution policy, the Fund’s annual distribution rate has been set equal to 10.75% of the average of the Fund’s NAV per common share reported on the final five trading days of the preceding calendar year. As of December 31, 2025, the Fund estimates that 100.00% of the distribution is attributable to current year’s net investment income. | |
2 | Data as of 11/30/25. The Bloomberg US Aggregate Bond Index is an unmanaged index of investment-grade fixed-rate debt issues with maturities of at least one year. The index cannot be invested in directly and does not reflect fees and expenses. |
Annualized standardized performance as of 9/30/25: | |||
RSF NAV | RSF Market Price | Bloomberg US Aggregate Bond Index | |
1 Year | 3.27% | 6.58% | 2.88% |
5 Year | 8.10% | 11.03% | -0.45% |
Since Inception | 4.61% | 4.59% | 1.48% |
Performance data quoted represents past performance, which is not a guarantee of future results. Current performance may be lower or higher than the performance quoted. The principal value and investment return of an investment will fluctuate so that your shares may be worth more or less than their original cost. You can obtain performance data current to the most recent month end by calling 844.569.4750. Total return measures net investment income and capital gain or loss from portfolio investments. All performance shown assumes reinvestment of dividends and capital gains distributions. |
The Fund began trading on the NYSE effective June 12, 2019, under the ticker symbol RSF. Formerly the Fund was known as RMPLX and was purchased directly. The performance data above reflects shares of the Fund when it was known as RMPLX. Longer dated market price returns are a blend of the NAV return until June 11th, 2019, combined with the market price return thereafter. |
3 | As of November 30, 2025. Firm AUM reflects Managed Assets which includes the effects of leverage and investments in affiliated funds. |
An investment in the Fund involves risk, including loss of principal.
Investors should consider the Fund's investment objective, risks, charges and expenses carefully before investing. The Fund’s prospectus and most recent periodic reports contain this and other important information about the Fund and may be obtained by visiting rivernorth.com/literature or by calling your financial professional or RiverNorth at 844.569.4750.
Member Firm ALPS Distributors Inc. Marketing services provided by ALPS Distributors Inc.
RiverNorth Capital Management, LLC is not affiliated with ALPS Distributors, Inc.
Not FDIC Insured | May Lose Value | No Bank Guarantee
RiverNorth® is a registered trademark of RiverNorth Capital Management, LLC.
©2000-2026 RiverNorth Capital Management, LLC. All rights reserved. RVN001828
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RiverNorth CEF Investor Relations
800-646-0148, Option 1
CEF@rivernorth.com
FAQ**
How does the investment strategy of RiverNorth Marketplace Lending Corporation RSF, particularly its focus on private credit assets, contribute to its long-term NAV performance compared to traditional bond indices?
What factors might influence the ability of RiverNorth Marketplace Lending Corporation RSF to maintain its proposed distribution rate increase from 10.00% to 10.75% for the 20calendar year?
Can you provide insights on how the quarterly repurchase offers for RiverNorth Marketplace Lending Corporation RSF impact shareholder value and liquidity in the context of its investment strategy?
In what ways does RiverNorth Marketplace Lending Corporation RSF manage risks associated with its level distribution policy, particularly regarding potential returns of capital to shareholders?
**MWN-AI FAQ is based on asking OpenAI questions about RiverNorth Marketplace Lending Corporation (NYSE: RSF).
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