Palatine Hill Wealth Management LLC Invests $9.67 Million in RiverNorth Capital and Income Fund, Inc. $RSF

Palatine Hill Wealth Management LLC acquired a new position in RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 673,115 shares of the company’s stock, valued at approximately $9,666,000. RiverNorth Capital and Income Fund comprises about 7.8% of Palatine Hill Wealth Management LLC’s holdings, making the stock its 3rd largest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of RSF. Advisory Services Network LLC purchased a new position in shares of RiverNorth Capital and Income Fund in the 3rd quarter worth approximately $35,000. TrueMark Investments LLC purchased a new position in shares of RiverNorth Capital and Income Fund in the 4th quarter worth approximately $689,000. Finally, Nomura Holdings Inc. purchased a new stake in RiverNorth Capital and Income Fund during the 3rd quarter worth approximately $3,680,000.

RiverNorth Capital and Income Fund Price Performance

NYSE:RSF opened at $14.60 on Wednesday. RiverNorth Capital and Income Fund, Inc. has a twelve month low of $14.23 and a twelve month high of $15.07. The company’s 50 day moving average is $14.60 and its two-hundred day moving average is $14.52.

RiverNorth Capital and Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a dividend of $0.1371 per share. This represents a c) annualized dividend and a yield of 11.3%. The ex-dividend date of this dividend is Monday, June 15th. RiverNorth Capital and Income Fund’s payout ratio is currently 108.67%.

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.