RiverNorth Enhanced Pre-Merger SPAC ETF (SPCZ) to Issue Annual Dividend of $3.08 on December 26th

RiverNorth Enhanced Pre-Merger SPAC ETF (BATS:SPCZ) announced an annual dividend on Tuesday, December 23rd. Investors of record on Wednesday, December 24th will be given a dividend of 3.0809 per share on Friday, December 26th. This represents a dividend yield of 1,205.0%. The ex-dividend date is Wednesday, December 24th.

RiverNorth Enhanced Pre-Merger SPAC ETF Trading Down 10.5%

Shares of RiverNorth Enhanced Pre-Merger SPAC ETF stock opened at $25.58 on Thursday. RiverNorth Enhanced Pre-Merger SPAC ETF has a 12-month low of $25.42 and a 12-month high of $28.53. The company has a market cap of $4.99 million, a price-to-earnings ratio of 58.23 and a beta of -0.02. The company’s 50-day moving average price is $28.67 and its 200-day moving average price is $28.27.

About RiverNorth Enhanced Pre-Merger SPAC ETF

The RiverNorth Enhanced Pre-Merger SPAC ETF (SPCZ) is an exchange-traded fund that mostly invests in extended market equity. The fund is an actively managed fund that holds US-listed, small- and mid-cap pre-combination SPAC securities. SPCZ was launched on Jul 11, 2022 and is managed by RiverNorth.