RiverNorth Capital & Income Fund Faces Delisting Notice

TL;DR

RNSIX might get delisted, check the filings.

AI Summary

RiverNorth Capital & Income Fund, Inc. filed an 8-K on September 4, 2024, to report a notice of delisting or failure to satisfy a continued listing rule. The filing also includes other events and financial statements and exhibits.

Why It Matters

This filing indicates potential issues with the fund's continued listing on an exchange, which could impact its trading and investor confidence.

Risk Assessment

Risk Level: high — A notice of delisting directly threatens the fund's ability to trade on an exchange, creating significant uncertainty.

Key Players & Entities

• RiverNorth Capital & Income Fund, Inc. (company) — Registrant
• September 4, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $25.20 — ock redemption price is estimated to be $25.20 per share of Series A Preferred Stock,
• $25.00 — equal to the liquidation preference of $25.00 per share plus $0.20 per share represen
• $0.20 — ion preference of $25.00 per share plus $0.20 per share representing estimated accrue

Filing Documents

• fp0090083-1_8kixbrl.htm (8-K) — 28KB
• fp0090083-1_ex991.htm (EX-99.1) — 10KB
• image_001.jpg (GRAPHIC) — 5KB
• 0001398344-24-017283.txt ( ) — 262KB
• rsf-20240904_def.xml (EX-101.DEF) — 26KB
• rsf-20240904_lab.xml (EX-101.LAB) — 36KB
• rsf-20240904_pre.xml (EX-101.PRE) — 25KB
• rsf-20240904.xsd (EX-101.SCH) — 4KB
• fp0090083-1_8kixbrl_htm.xml (XML) — 5KB

01 NOTICE OF DELISTING OR FAILURE TO SATISFY A CONTINUED

ITEM 3.01 NOTICE OF DELISTING OR FAILURE TO SATISFY A CONTINUED LISTING RULE OR STANDARD; TRANSFER OF LISTING In anticipation of the events described in Item 8.01 below, the RiverNorth Capital and Income Fund, Inc.'s (the "Fund") 5.875% Series A Term Preferred Stock (the "Series A Preferred Stock") (NYSE: RMPL) will be suspended from the New York Stock Exchange ("NYSE") before market open on the anticipated redemption date of October 4, 2024. A Form 25 will be filed with the Securities and Exchange Commission ("SEC") to effect the withdrawal of the listing of the Series A Preferred Stock from the NYSE.

01 OTHER EVENTS

ITEM 8.01 OTHER EVENTS On September 4, 2024, the Fund announced the redemption of all 1,656,000 outstanding shares of its Series A Preferred Stock. The anticipated redemption date is October 4, 2024 (the "Redemption Date"), but the redemption may be effected on a subsequent date no later than the mandatory redemption date of October 31, 2024, due to changes in market conditions or otherwise as determined by the Fund. The Series A Preferred Stock redemption price is estimated to be $25.20 per share of Series A Preferred Stock, which is equal to the liquidation preference of $25.00 per share plus $0.20 per share representing estimated accrued and unpaid dividends to the Redemption Date. The Fund has filed a notice of its intention to redeem the Series A Preferred Stock with the SEC. The press release announcing the redemption and delisting of the Series A Preferred Stock is filed as Exhibit 99.1 and is incorporated by reference herein.

01 Financial

Item 9.01 Financial (d) Exhibits 99.1 Press Release, dated September 4, 2024 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. RiverNorth Capital and Income Fund, Inc. By: /s/ Patrick W. Galley Name: Patrick W. Galley Title: President Date: September 4, 2024

View Full Filing

View this 8-K filing on SEC EDGAR