RiverNorth Capital and Income Fund, Inc. $RSF Shares Sold by Sit Investment Associates Inc.

Sit Investment Associates Inc. reduced its holdings in RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) by 66.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 129,631 shares of the company’s stock after selling 260,214 shares during the quarter. Sit Investment Associates Inc.’s holdings in RiverNorth Capital and Income Fund were worth $1,862,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Advisory Services Network LLC bought a new stake in RiverNorth Capital and Income Fund during the third quarter worth approximately $35,000. Equitable Holdings Inc. bought a new position in shares of RiverNorth Capital and Income Fund in the fourth quarter valued at $167,000. Jane Street Group LLC acquired a new stake in shares of RiverNorth Capital and Income Fund during the 4th quarter valued at $214,000. TrueMark Investments LLC acquired a new stake in shares of RiverNorth Capital and Income Fund during the 4th quarter valued at $689,000. Finally, Osaic Holdings Inc. boosted its stake in shares of RiverNorth Capital and Income Fund by 15.9% during the 4th quarter. Osaic Holdings Inc. now owns 179,232 shares of the company’s stock worth $2,574,000 after acquiring an additional 24,600 shares in the last quarter.

RiverNorth Capital and Income Fund Stock Performance

Shares of NYSE RSF opened at $14.57 on Friday. The stock’s fifty day simple moving average is $14.60 and its 200 day simple moving average is $14.53. RiverNorth Capital and Income Fund, Inc. has a 52-week low of $14.23 and a 52-week high of $15.07.

RiverNorth Capital and Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a $0.1371 dividend. The ex-dividend date is Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 11.3%. RiverNorth Capital and Income Fund’s dividend payout ratio (DPR) is 108.67%.

About RiverNorth Capital and Income Fund

RiverNorth Capital and Income Fund (NYSE: RSF) is a closed-end investment company managed by RiverNorth Capital Management, LLC. The fund seeks to provide shareholders with a combination of current income and capital appreciation by employing a flexible, unconstrained fixed-income strategy. RSF invests across a broad spectrum of debt and convertible securities, aiming to capitalize on relative value opportunities in both interest-rate and credit markets.

The fund’s portfolio typically includes high-yield corporate bonds, bank loans, convertible securities, preferred stocks and other debt instruments.