RiverNorth Capital and Income Fund (RSF) Projected to Post Earnings on Wednesday

RiverNorth Capital and Income Fund (NYSE:RSF) will likely be posting its results before the market opens on Wednesday, February 25th. Analysts expect RiverNorth Capital and Income Fund to post earnings of $1.01 per share and revenue of $5.3790 million for the quarter.

RiverNorth Capital and Income Fund Stock Performance

Shares of NYSE:RSF opened at $14.38 on Friday. The company’s fifty day moving average is $14.47 and its 200-day moving average is $14.60. RiverNorth Capital and Income Fund has a 52 week low of $14.23 and a 52 week high of $16.02.

RiverNorth Capital and Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be issued a dividend of $0.1371 per share. This represents a c) annualized dividend and a yield of 11.4%. The ex-dividend date of this dividend is Monday, March 16th. RiverNorth Capital and Income Fund’s dividend payout ratio (DPR) is currently 108.67%.

Institutional Trading of RiverNorth Capital and Income Fund

Several hedge funds have recently modified their holdings of RSF. Advisory Services Network LLC bought a new position in shares of RiverNorth Capital and Income Fund in the third quarter valued at approximately $35,000. Equitable Holdings Inc. acquired a new stake in RiverNorth Capital and Income Fund during the 4th quarter valued at $167,000. Jane Street Group LLC bought a new position in RiverNorth Capital and Income Fund in the 4th quarter valued at $214,000. Osaic Holdings Inc. boosted its stake in RiverNorth Capital and Income Fund by 15.9% in the fourth quarter. Osaic Holdings Inc. now owns 179,232 shares of the company’s stock worth $2,574,000 after purchasing an additional 24,600 shares in the last quarter. Finally, Nomura Holdings Inc. acquired a new position in RiverNorth Capital and Income Fund in the third quarter worth $3,680,000.

RiverNorth Capital and Income Fund Company Profile

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.